question about remortgaging

[swottybetty]

is the deal worked out on based on the money borrowed at start of original mortgage or is it calculated based on the amount you owe at time of remortage ??

the amount you owe when you remortgage because that's all you owe???

amount at time of remortgage, because that's what you're borrowing

hurrah!! ty

It is like starting again so the loan to value etc is recalculated based on current value, repaying the outstanding balance on current mrotgage and what mortgage you now need.