SWITCHING your mortgage might seem like a good way to slash costs but there are risks involved in remortgaging your property. Around a third of all home loans made in the UK are actually remortgages but do you know what’s involved and whether it’s right for you? Here’s what you need to know.
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If you were to approach a lender direct you may struggle to prove a sufficiently high income to remortgage as they will demand to see company accounts or payslips, we can base your affordability on your annualised contract rate alone so you can borrow more. Our remortgage advisers have helped thousands of clients find a better rate.
A remortgage is where you take out a new mortgage on a property you already own – either to replace your existing mortgage, or to borrow money against your property. Around a third of all home loans made in the UK are actually remortgages.
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Borrow more on your HSBC mortgage Circumstances can change and there are many reasons why you might want to borrow more on your HSBC mortgage. If you are considering borrowing more money against your home, find out how much you could borrow
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