Market Harborough Remortgage

Market Harborough Remortgage

Market Harborough remortgage deals provide simple and innovative remortgaging solutions. Products benefit from no compulsory insurances and interest calculated on a daily basis. You can offset either your own savings or those of a family member – or create a unique remortgage tailored to your individual needs.

Market Harborough Review

The Market Harborough Building Society was founded in 1870, and today comprises 6 branches throughout Leicestershire and Northamptonshire. The Society offers ‘core’ insurance, mortgage and savings products, and currently boasts 9,000 mortgage customers; the 2006 annual reports showed assets to be in excess of £377.4 million.

The Market Harborough remortgage deals in the table above could let you:

• Repay up to 10% of the outstanding capital every year at no extra charge
• Reduce the total amount of interest due by offsetting any savings against your remortgage
• Consolidate debts from personal loans and store cards.
• Switch to another product at any time once the remortgage is arranged

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.