Mortgage Express Remortgage

Mortgage Express Remortgage

Mortgage Express remortgages were offered via Bradford & Bingley, and are no longer available to new customers.

Mortgage Express Review

Mortgage Express was founded in 1986 as a specialist intermediary mortgage brand of Bradford and Bingley plc. The company was a market leading buy-to-let lender, and held £16 billion in mortgage assets. Bradford & Bingley was nationalised in 2008.

A Mortgage Express remortgage offered benefits such as:

• Take advantage of a fluctuating income – pay extra one month without penalty, then ‘borrow back’ from the overspend when you need to
• Release equity for another property, home improvements or a car
• Repair a damaged credit rating or mortgage arrears

What is a remortgage?

A remortgage is when you replace your existing mortgage with a new one. There are many reasons for remortgaging, but the majority fall into one of the two following categories:

• Remortgaging to save money – If you have a fixed rate mortgage deal, your interest rate will usually switch to the lender’s Standard variable Rate (SVR) which is likely to be higher and will probably mean that you have to pay more each month. By switching to a better deal with a different mortgage provider, remortgaging could potentially allow you to benefit from lower interest rates and lower monthly mortgage repayments.
• Remortgaging to raise money – Remortgaging can allow you to release some of the equity in your home. This could be useful if you wanted to carry out repairs to the property, add an extension, help your child with their own mortgage deposit, or consolidate other existing debts.