First National Remortgage

First National Remortgage

First National is part of GE Money. A First National remortgage supplies a straightforward remortgage package at a competitive rate, simplifying the process of switching lenders. Whether you’re employed, self-employed or have suffered from poor credit in the past, a range of discounted and Standard Variable Rate products could help you save money on your monthly repayments.

First National Review

First National is a dedicated lending branch of GE Money, a leading financial house and wholly owned subsidiary of General Electric.

First National launched in 2005, and currently provides £1.5 billion in mortgage loans per year to more than half a million UK customers.

First National remortgages let you:

• Avoid moving home by freeing up equity for improvements or an extension
• Consolidate card and loan debts under preferable rates – this will lead to smaller servicing payments, as the debt is now part of your mortgage
• Release capital for other purchases, such as a family car or holiday

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.

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