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anoop
Joined: 30 May 2008
Posts: 5
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| Posted: Thu Jun 05, 2008 8:04 am Post subject: What is Remortgage Loan? |
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What is remortgage loan? how it help us to solve our financial problems?
Can anybody give a good remortgage in UK? |
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Coby T. Lucas
Joined: 28 Jun 2008
Posts: 5
Location: New York
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| Posted: Sat Jun 28, 2008 7:31 pm Post subject: |
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A remortgage is when you take out a new mortgage loan product based on the current value of your home. This means paying off your original mortgage (for which there may be an early redemption fee) and taking out the new mortgage.
People can get a remortgage for a different company than the original mortgage company or they can choose to go with the original company. Companies that offer this type of product include: Banks, Building Societies (it's all in the name) and specialist mortgage companies, you can also go to a broker, who will look for the best deal for you, or an IFA, an Independent Financial Advisor who is obliged by law to give you unbiased advice.
Always check out the deal very carefully and weigh it up against any penalty or redemption fee.
Why would someone want a remortgage? Improvements to their house? Wedding? Education? There are many reasons, the only things it can't officially be used for are: purchasing timeshare abroad and business purposes. |
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anoop
Joined: 30 May 2008
Posts: 5
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| Posted: Mon Jul 07, 2008 10:10 am Post subject: |
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| Thanks for the reply. Can u give a good mortgage dealer in UK? |
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Fedrik
Joined: 27 Sep 2008
Posts: 11
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| Posted: Sat Sep 27, 2008 8:36 am Post subject: |
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Sorry don't have idea about this.
But would like to known from replies of the other. |
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