A remortgage loan is a loan that a home owner gets to pay off their current mortgage. Home owners get remortgage loans to help them reduce their interest rates and save money.
The Benefits of Remortgaging Your Home
If you are currently paying the standard variable rate with your lender, or are coming to the end of a special rate, you could find that a lower rate of interest on offer from alternative lenders. By renegotiating the interest rate, you could have lower monthly paymentsÂ…