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| Remortgaging If you want a better interest rate or to borrow against the value of your home you can remortgage to a new mortgage deal, either with the same lender or a different lender. Because you've been through the mortgage process before you should have a good idea of the kind of deal you want and the kind of information your new lender needs. Direct mortgage lenders tend to attract those wanting to remortgage because by then borrowers are confident enough to arrange their mortgage over the phone. With a handful of lenders you can apply for a mortgage on the internet although, like direct lenders, you will have to receive and send some documents through the post at some point. You can use the Complete guide to Homebuying calculator and mortgage finder to help you find a new mortgage deal. When
you bought your home you will
have had all the legal work
done and you may think that
doing it all again is a waste
of money. Ask your new lender
if it will accept title insurance
which offers you protection
against any defects in the title
deeds of your property. This
may be quicker, simpler and
cheaper when dealing with the
title deeds, although you'll
still need a solicitor or conveyancer
for other elements.
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