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What is Remortgage Loan?

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  • What is Remortgage Loan?

    Hi Anoop, Re-mortgaging can be a means of releasing equity you have in your home for what ever you need the money for. Or simply can be to better the rate of interest you pay but if you have a mortgage on the property already you need to be careful as your existing lender may impose a penalty if you are still receiving a beneficial rate from them. You would therefore need to check with them 1st as to weather there are any penalties to leave them. If I can be of any further help please feel free to message me.
    Brian Proctor
    Mortgage & Insurance Broker
    MM Mortgages
    Tel/Fax : 0845 652 2580
    Mobile : 07850 435220
    [email protected]gages.com