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What’s the difference between a Mortgage and Remortgage?

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What’s the difference between a Mortgage and Remortgage?

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A remortgage is a mortgage. A remortgage is when you already have a mortgage on your property but you may want to change it. Maybe you are coming to the end of your fixed rate or you want to release equity from your property. Remortgaging is not unusual and most people remortgage every 2 years.

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