There are many reasons to think about remortgaging. Not only could remortgaging reduce your monthly outgoings, it could alternatively help you pay off your mortgage more quickly in one of two ways. You could either reduce your monthly payment by remortgaging to a lower rate, freeing up cash to make overpayments, or alternatively increase your monthly payment and take your mortgage over a shorter term.
Because your circumstances are unlikely to stay the same throughout the term of your mortgage, the mortgage you originally took out may no longer be the most suitable one for you. Remortgaging could bring your mortgage deal in line with your current needs and circumstances.
For further information or to arrange an appointment with a representative of Parnaby Evans, please call your local GSC Grays Agency office:
Barnard Castle tel: 01833 637000
Leyburn tel: 01969 600120
Stokesley tel: 01642 710742