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Find the AnswerYOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Remortgaging – essentially switching your existing mortgage to a new deal – offers a range of possible solutions. You’re not moving house, and the new mortgage is still secured against the same property. It’s a way to free up some equity, whether it’s for home improvements, repaying loans or credit cards, buying something nice like a new car, purchasing another property, or anything else. We may also be able to help you get a better rate or extend the mortgage term.
We pride ourselves with looking after our members and supporting new borrowers on their home ownership journey. However, we have suspended our direct mortgage appointments at this time, except where you are:
• looking for a self-build mortgage or
• are an existing borrower with us.
We will continue to accept mortgage applications where the advice has been provided by a mortgage intermediary (also known as a mortgage broker).
Products | Prod Code | More Details | Distribution | Initial Rate | Initial Period | Reverts to | App Fee | Product Fee | Free Val? | Fee Assisted Legals? | Max LTV | Min Loan Amount | Max Loan Amount | ERC | Features |
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2 Year Heartland Fixed Rate Remortgage | R277 | View Details | Broker & Direct | 5.19% | 2 Years | SVR | £199 | £0 | Yes | Yes | 80% | £50,000 | £750,000 | 2% of amount repaid in excess of overpayment allowance in year 1 and 2 |
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2 Year Heartland Remortgage Discount | R275 | View Details | Broker & Direct | 5.49% | 2 Years | SVR | £0 | £0 | Yes | Yes | 90% | £30,000 | £500,000 | 2% of amount repaid in year 1 in excess of overpayment allowance in year 1 and 1% of the amount repaid in excess of the overpayment allowance in year 2 |
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2 Year National Remortgage Discount | R276 | View Details | Broker & Direct | 5.49% | 2 Years | SVR | £0 | £500 | Yes | Yes | 80% | £30,000 | £750,000 | 2% of amount repaid in year 1 in excess of overpayment allowance in year 1 and 1% of the amount repaid in excess of the overpayment allowance in year 2 |
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Standard Variable Rate (Purchase & Remortgage) | SV19 | View Details | Broker & Direct | 7.99% | N/A | N/A | £199 | £500 | No | No | 90% | £30,000 | £750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%) | Yes | None |
Second Home (Purchase & Remortgage) | H2ND | View Details | Broker & Direct | 6.49% | 2 Years | SVR | £249 | £800 | No | No | 75% C&I, 70% IO | £75,000 | £750,000 | 2.00% During Disc Period |
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To make life a little easier we have create a simple Jargon Buster to help you with terms you are unsure of.
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