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Individual mortgage advice; tailored to you

When you remortgage you are switching not only your mortgage deal but quite often your lender too. Many people re-mortgage to get a better deal on their current mortgage, keeping the same balance and term, others may want to raise additional funds for home improvements maybe? Others may wish to consolidate debts.

A re-mortgage may not always be the best option due to valuation fees, solicitors costs and the overall term of the mortgage.  It is best to check all your options and take some advice before making a final decision.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.  YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Debt consolidation is not always the most suitable option, consolidating debts must be carefully considered. It will usually mean more interest over a longer repayment term and there may also be early repayment penalties on your current mortgage, you should think carefully before securing other debts against your home. There are other ways to manage debt such as free debt advice charities, you can find out more by contacting the Money Advice Service http://www.moneyadviceservice.org.uk/en/articles/where-to-go-to-get-free-debt-advice these services may be more suitable for you

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