You may have to pay an early repayment charge to your existing lender if you remortgage. Remortgaging to a different lender may enable you to release some of that capital to make improvements to your home or cover the cost of a necessary purchase. Alternatively some homeowners may release some of the equity in their property to repay outstanding loans and credit cards, therefore reducing their monthly expenditure. A reduction in the monthly payments is likely to mean an increase in the term and the overall debt.

With The Mortgage Practice, remortgaging can be very quick and simple to arrange.

One of our Personal Mortgage Advisers will help you through the process step-by-step, working out how much you can borrow, how much it will cost, and what type of mortgage may be most suitable for you. They will even take care of all the mortgage paperwork for you, so you don't need to worry about a thing.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

All initial consultations are free of charge. If, however, a mortgage is arranged we may charge a fee of up to 1% of the loan amount. Depending on your circumstances this fee may be waived. A typical fee is £295.