When you remortgage, you transfer your existing debt to a new provider or product and can find far more affordable options than your current repayments.
For example, if you're currently paying a standard variable rate (SVR), you might find that your monthly costs reduce substantially by remortgaging onto a fixed interest rate.
You can also remortgage to consolidate existing debts into one monthly repayment, making it much easier to manage if you have several liabilities and are trying to juggle them at once.
However, this kind of deal can be non-beneficial if you are tied in for a fixed period. Give us a call, and the Revolution team can assess any early exit penalties against the savings on offer to see if this is a viable solution.