According to a study 31% of people who rent or have a mortgage find that payments take up more than a thrid of their household income. Even if your mortgage payments are below this, they still might be a significant part of your budget then you want to get the best deal possible that can make your finances better and increasing your personal wealth. Mortgage lenders are always looking to get more customers and so they can attract them by offering good rates for a limited time period and are normally called introductory rates, these can range from 2 to 5 years in the UK. After this period you will continue on the lenders standard rate. You can use this to your advantage and you may be able to save money by remortgaging. Our team will be able to guide through the process and we can give you advice on what to do.
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When you remortgage your home you can realese equity to help pay for things like cars and other things which you would normally have to have a finance deal for.