Harpenden Building Society Remortgage

Harpenden Building Society Remortgage

A Harpenden Building Society remortgage brings competitive remortgage solutions in the Hertfordshire area. Variable rate packages are available on a range of properties, including self-builds and structures with agricultural restrictions. Harpenden does not use credit scoring, so is able to consider cases rejected by many High Street lenders.

Harpenden Building Society Review

Established in 1953, Harpenden Building Society today has branches across Hertfordshire, Bedfordshire and Buckinghamshire, and continues to offer mortgages on a personalised basis. It specialises in savings and mortgage provision in the local area, and has assets in excess of £125 million.

A Harpenden Building Society remortgage lets you:

• Avoid moving house by releasing equity for renovations or an extension
• Maintain a positive cash flow during a build, with money released in stages before the work begins
• Consolidate your card and loan debts under better terms and interest rates

What is a remortgage?

A remortgage is when you replace your existing mortgage with a new one. There are many reasons for remortgaging, but the majority fall into one of the two following categories:

• Remortgaging to save money – If you have a fixed rate mortgage deal, your interest rate will usually switch to the lender’s Standard variable Rate (SVR) which is likely to be higher and will probably mean that you have to pay more each month. By switching to a better deal with a different mortgage provider, remortgaging could potentially allow you to benefit from lower interest rates and lower monthly mortgage repayments.
• Remortgaging to raise money – Remortgaging can allow you to release some of the equity in your home. This could be useful if you wanted to carry out repairs to the property, add an extension, help your child with their own mortgage deposit, or consolidate other existing debts.