Preferential Terms Can Be Preserved With a Remortgage
When an owner-occupier’s original mortgage approaches its finish, the average borrower usually seeks out a remortgage because – if it has not been paid off – the alternative to a new deal is for their mortgage to revert to the Standard Variable Rate (SVR) of the original lender. Although an SVR can often be reasonably competitive, they are more likely to be worse than a negotiated deal.
View full post on Real Estate: Mortgage Refinance Articles from EzineArticles.com
