Remortgage: An Overview

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Remortgage
Module One

Remortgage: An Overview

A Remortgage describes the types of Mortgage available to someone who already has a mortgage.

These mortgages generally have a period (usually two of five years) when the interest rate is subject to a lower, special offer interest rate.

When the deal comes to an end, the lender reverts the mortgage to a higher ‘Standard Variable Rate’ mortgage which can mean large interest payment increases.