Mortgages and remortgages both belong to the group known as home loans.

What forms the security for both mortgages and remortgages is property, and to be more exact even the equity on a property.

Equity is the difference between the value of a property and the mortgage secured on it.

For example if a property is worth say 350,000 and the mortgage balance is 110,000, the available equity is 240,000.

Mortgages and remortgages of 100% LTV are no longer available.

Few mortgage lenders are even willing to grant 95% LTV mortgages and remortgages .Even 90% LTV mortgages and remortgages are only available from a small number of providers.

It is all very different from the past when before the credit crisis borrowers could easily obtain a mortgage or remortgage of 100% the value of the property. There was even availability of 125% mortgages and remortgages from The Northern Rock. This foolish reckless lending was naturally what caused much of the credit crunch.

Remortgages and mortgages have low rates of interest currently and tracker remortgages and mortgages are at an all time low.

The tracker product tracks the Bank Of England which is at an all time low of half of one percent and as the the tracker mortgage is based on this their rates are really low.

At the momnt tracker mortgages and remortgages are available from 1.98% for those with a maximum 60% LTV and from 1.99% for those with a maximum 70% LTV. Although there is a bit of gloom and doom in the financial sector mortgage products are still available as well as cheap.

Even fixed rate remortgages and mortgages are low with rates starting around the 3% mark, and therefore although lax equity mortgage deals are no longer available there are still good mortgage deals to be had.

Please have a look at remortgages