I’ve been making regular mortgage payments for several years, does it make sense to remortgage and start the term over again?
The most important item on your mortgage is the interest rate. You can control the term or how quickly you pay off your loan. Many of our clients remortgage to avoid paying a higher standard variable interest rate, but then continue to keep making the original payment calculated at the higher interest rate. By doing so, our clients accelerate the pay off of their mortgage and save thousands of pounds in interest expense.
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