Home Remortgage LoansLearn more about Home Remortgage deals

There are many factors affecting the rates you will be offered when searching for home remortgage loans, as the mortgage lender needs to establish whether it will be a risk to lend to you. Therefore you should use price comparison quotes on home remortgage loans as merely a starting point in your research to avoid disappointment when the quote changes. As an example, you will usually be asked for your estimated property value when looking for home remortgage loans. In recent years, many homeowners have found that their properties have decreased significantly in value following the property crash. This would affect the quote you are offered because home remortgage loans are calculated according to loan-to-value or LTV. If your home is worth less than you think, your LTV (i.e. the amount that you need to borrow compared to the value of your property) will change. More info

To get a more realistic idea of what rates for home remortgage loans you are eligible for, you should obtain a copy of your credit history file. This will enable you to see whether your credit rating has been damaged at all by debt problems or missed payments in the past. If this is the case, you will need to look for bad credit home remortgage loans, and may need to apply to a bad credit specialist lender in order for your loan application to be approved. You can find your credit file by applying to one of the UK's credit reference agencies, and this should only incur a very small cost. If you are self-employed or need to self-certify your income for any other reason (such as working as a freelancer or contractor and having irregular income), this will also affect the types of home remortgage loans that you can apply for. We would recommend talking to a specialist adviser about your options. To speak to a qualified adviser from the SimplyFinance network, simply fill out the short form below. Less