The term “Remortgage” is used to explain process of moving your mortgage to a new lender. A different lender may offer a significantly better deal than your existing lender.

A remortgage means you are ending your current mortgage scheme and switching to a new scheme. A remortgage generally involves changing mortgage lenders because most lenders do not generally offer remortgage schemes to existing customers.

Mortgage lenders offer discounted interest rates and other desirable introductory offers to attract mortgage holders to switch to their particular lending institution.

Review your current mortgage. If you feel you are paying excessive rates of interest, compared to other lenders then a remortgage may save on your monthly payments. Alternatively, you may be looking for a way to finance an extension or purchase a new car, you could seek to increase your mortgage and take extra sum as cash.

Releasing equity is a good way of raising additional finance. If your home has positive equity - its market value is greater than outstanding mortgage - you can increase size of your mortgage.

Home Improvement Loans can help you if you have been considering doing some home improvements to your home and have now decided to look for a loan to turn those home improvement ideas into reality.

Should you wish to make major improvements to your home, how would you fund it? If you have savings, that's all well and good, but if you don't have money put away you may want to borrow it. Should you wish to borrow money specifically to improve your home though, there is an option that it's worth learning about. This is home improvement loan.

In some ways, this is a mortgage extension. Your mortgage lender will like to lend you money for this, as you are increasing value of property that they own until you have paid back your mortgage. They also like fact that you will have to pay interest on your home improvement loan as well, so they can make more money out of it.