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Is a remortgage always a good solution?

Answer:

No, a remortgage is not always the best solution. It takes research on your part to know if this is going to be beneficial to you. It is a financial decision, which requires a lot of commitment from you. Before you remortgage, try to understand the remortgage terms. You will probably have to pay a penalty on the old mortgage for paying it off early and that may not be feasible.

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