Despite it being the biggest sum of money they will ever borrow, a lot of people get their mortgage and then pay no attention to whether or not they are still getting a great deal. If you look at the rates that lenders are offering to new customers you might see that you are not getting the best deal that you can. If you feel like this, then maybe it is time to think about remortgaging with a new mortgage company.
Becoming a new borrower
If you remortgage or switch mortgage companies, you become a new borrower again. You remortgage the amount that you still need to pay on your mortgage at a lower rate. For example, getting a lower rate by around 1% on
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