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What is a remortgage?

As specialist mortgage brokers, we are experts in all types of mortgages. So what does remortgage mean?  A remortgage is taking out a new mortgage on existing property you own.  The remortgage maybe simply to replace the existing loan amount or mortgage for a better rate or it could be to borrow further money against your property. This can be for many reasons, for example for home improvements, divorce settlements or even to purchase further properties.

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