Remortgaging your house can sound like a daunting task. However, this is not the case when you have an experienced property team guiding you through the process and offering advice where required.
A remortgage describes a move from one lender to another. The current lender must be repaid in full from the mortgage monies due from the new lender. Any surplus monies at the conclusion of the matter would be sent to you.
A transfer of equity is where the property owners are changing, from perhaps a couple to just one person, or from one person to two or more. This could include changing lenders, at which stage the transaction is known as a transfer of equity and remortgage.