There’s no doubt about it. Your home is the most expensive item you’ll ever buy and it’s probably your biggest asset.
But sometimes you need to use that asset to your own advantage.
Say, for example, you’re coming to the end of your fixed term and want to start looking for a better deal on your mortgage.
Or say you want to get access to a sum of money – known as equity – that you could free up to put an extension onto your house.
That’s where remortgaging comes in.
Remortgaging is basically the process of switching your existing mortgage to a new deal, using your property as security.
And there’s no doubt that it comes with many benefits.