Mortgage: 3 in 4 people not aware what remortgaging means - could you save £4,500 a year?

📆 7/26/2019 4:39 PM
📰 Daily Express

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Three quarter of people can't correctly define the term remortgaging - can you? A mortgage expert has said it's 'worrying', pointing out that the process could save some people £4,500 per year

Borrowers are being put at a huge disadvantage by not truly understanding the terminology used in their mortgage agreementCommenting on the research, Dilpreet Bhagrath, Mortgage Expert at Trussle said: “Mortgage terminology can be tricky to understand, and it’s clear that there’s still a lot of jargon in the industry that’s misunderstood.

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Please don't re-mortgage without independent financial advise. I know four small business families who have remortgaged and been screwed badly -all paid in excess of $40,000 for the process to the new bank and all were swiftly put on P&I after one year.

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