A remortgage does not mean adding a second charge to or taking a second mortgage against the property. The process of remortgage means to literally switch your initial mortgage to another mortgage lender that can offer better rates (and release equity at the same time). This remortgage process might involve not just switching lenders but also switching mortgage products. An experienced remortgage broker can help you in this process and by law (FSA) has to advise you of the best remortgage products and deals for you on today’s market.