Remortgaging  may be considered for any number of reasons. The most common motive would be in order to terminate a mortgage, as the interest rates or repayments may be too high, or because the terms and conditions no longer meet the requirements of the home-buyer. Remortgaging can also be a means of raising immediate cash for home improvement projects, or indeed for any unrelated substantial purchases the mortgage borrower may wish to make. It is possible, and quite often most favorable to remortgage with the same lender.  This can be done by extending the life of the existing mortgage in order to reduce the amount of the monthly outgoings.