When you remortgage, you are switching your mortgage to another deal, and frequently, another lender.

Our promise to you is to make sure that you never pay more than you need to. At Reach 4 Mortgage Leeds we understand how important it is to get the right mortgage deal at the right time, but your time is precious, and you might not be able to give up hours to search the market for a new deal. That's where we step in. With access to 12,000 mortgages from over 90 lenders, Reach 4 Mortgage Leeds can help take the time and hassle out of your remortgaging process.

Remortgages can be used for various reasons. However, most people simply switch mortgages because it will work out cheaper for them. For example, the introductory discounted interest rate may have finished with your current lender; therefore you could potentially get a new discount rate, or a lower APR, with another lender. Another example is when you may need to re-mortgage to consolidate debts.

It is worth noting that a remortgage is not the best option in all cases. Even if the lender you are considering switching to is offering a lower APR, you must take into consideration the facts that:

• The new lender may charge you for valuation and solicitors fees, even if you have already paid these for your mortgage with your current lender.

• If you switch mortgage remember to look at the overall repayment period. You may be able to pay less monthly, but check the final repayment date of the mortgage as well.

You may be able to switch your mortgage deal with your current lender, avoiding any unnecessary costs. Many lenders will allow you to switch your mortgage deal reasonably frequently.

 You may have to pay an early repayment charge to your existing lender if you re-mortgage.