Welcome to remortgage quotes uk. Here we have links to the best mortgage rates, a colossal amount of mortgage refinance information to choose from, links to loan calculator, commercial mortgages and the best mortgage companies. A remortgage (also known as refinancing) is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security. The term is mainly used commercially in the United Kingdom, though what it describes is not uniquely British. Often the purpose of switching is to secure a more favourable interest rate from a different lender. This is where remortgage quotes uk is absolutely the place to find all the information you require. The process of remortgaging, does not usually involve moving home or taking out a second mortgage on the property; it is in effect the transfer of a mortgage from one lender to another, or from one product to another with the same lender. Homeowners may choose to remortgage for various reasons, including to reducing the size of repayments, to pay off a mortgage earlier, to raise capital, or to consolidate other debts. In any case, getting remortgage quotes before committing to any deal is a must. A mortgage is a method of using property (real or personal) as security for the payment of a debt.