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Already have a mortgage? Talk to us about;
Reducing monthly payments
Protecting against future rate rises
Raising money
Consolidating debts

"Initial consultations are fee free and could be invaluable"

  • Someone once told me when I was training that “No one cares how much you know, unless they know how much you care.” That sums up Heritage for me. They have a wealth of experience and expertise, but the most important thing is that they genuinely care about you and your family. They always go that extra mile and treat you like they would want to be treated themselves. Mrs K – Solicitor
  • If you want to be sure you're getting the right advice, and need your mortgage arranged quickly and efficiently by experts, then I couldn't recommend Heritage highly enough.  The explanations are simple and they take all the hassle out of the process. On many occasions I've had reason to be extremely thankful for their advice.   Dr S – General Practitioner
  • What I love most about Heritage is their approach to protecting your mortgage and family. They talk everything through with you, make sure you understand and then present you with the best options. They never put pressure on you to do anything. Once you have their recommendations, it makes your decisions straightforward. You are treated as an old friend by a team with your best interests at heart. Mrs S - Teacher

What does “remortgage” mean?
Thinking about asking your lender for a new deal? Remortgaging is an option that more and more people are taking in order for them to change their existing deal. In this guide we’ll explain exactly what that decision entails.
A mortgage can last many years, and it is important to think about your financial options thoroughly. The decisions you make when remortgaging are just as important as when you decided on your original mortgage deal.
Even if you have had a mortgage for years, you may still be unsure about the potential benefits of changing lenders and exactly what happens when you remortgage.
There are lots of different options available, with a variety of remortgaging rates and incentives.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage

The days of having your mortgage with the same lender for the whole term are long gone. More and more people are discovering the savings to be had when they make the switch from their old mortgage provider to a new one. At this current time, when interest rates are at a historic low, especially if you have good credit and have been a reliable borrower, there are good remortgage deals to be had so make sure you shop around for the best rates. If you think that you are paying too much on your current mortgage, why not start looking for the perfect deal for you? It could save you thousands of pounds in the long run.


Call our expert advisers now to discuss your remortgaging options.

In essence, remortgaging is the act of switching your existing mortgage to a new deal, either with your existing lender or a different provider. You’re not moving house and the new mortgage is still secured against the same property. The more equity you have and the lower your loan to value (LTV), the more competitive the rates you’ll qualify for. There can be any number of reasons for making the switch, including:

  • To reduce the interest rate on your mortgage
  • To fix your monthly payments and protect against possible future rate rises
  • Raising money to carry out home improvements
  • Raising a cash lump sum by releasing equity from your home
  • Consolidate your debts

Taking a new interest rate could really save you money by taking advantage of a new offer. Another popular reason to remortgage is the option to consolidate all of your debts into one payment – however, be aware that as this means securing more debt against your home it may cost more in the long run, and it’s something you should seek advice on. Releasing equity from your property can be a good way to raise a cash lump sum, provided you can afford the new repayments.

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Mortgage Cost Calculator

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Mortgage Affordability Calculator

The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available in any other country which may have access to it.

Heritage Financial Planning is a trade name of Milecross Financial Solutions Limited which is an appointed representative of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.

Milecross Financial Solutions Limited, 42 Milecross Road, Newtownards, Down, Northern Ireland, BT23 4SR, Company No. Ni601587. Financial Advice & Mortgages throughout Northern Ireland including Newry, Armagh, Banbridge, Portadown, Lisburn, Belfast, Bangor, Dungannon, Craigavon, Lurgan, Cookstown, Omagh and Ulster.