This guide was last updated 16 February 2024
If you’ve been on a mortgage for a while now and have paid back a sizeable portion, you might have gained enough equity to make a remortgage a smart financial decision.
Our infographic explains why. Click the image to zoom in.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.