Only homeowners have are connected with remortgages and mortgages.
Why this is is due to the fact that both mortgages and remortgages are closely related to property.
What mortgages are is the home loan needed for property purchase.
When a person decides that he wants to become a property owner for the first time they should first of all apply for a mortgage for the purchase as otherwise they cannot sensibly make an offer to buy the house in case that they are declined for a mortgage and they could finish up by losing the home of their dreams.
This is more important in Scotland than in England as in Scotland if a person offers to buy a home and that offer is legally accepted it is not possible to withdraw unlike it is in England.
There is absolutely no difference in mortgages between people buying a first property or to homeowners who already are owners already.
Another consideration when taking out a mortgage is the amount of deposit that you will need and to make sure that there is sufficient funds in your bank for this deposit.
Unlike in the past 100% mortgages are no longer available, and 100% mortgages are when a mortgage is advanced for the full value of the property which means that a deposit is always required of at least 10% although with most mortgage lenders the deposit is higher than this, and more likey to be at least 15%.
Remortgages are only available to homeowners as a remortgage is the home loan product which takes the place of an existing mortgage on the property but the homeowner remains in the same property.
It is fairly common for a homeowner to take out a remortgage for the same sum as his current mortgage and this is called a like for like remortgage as it is for the exact same sum as the original mortgage.
If this seems odd it is in fact a sensible thing to do as mortgage interest rates can vary enormously between lenders and changing mortgage providers can be very cost effective and save thousands of pounds.
Remortgages can be taken out for a larger amount than the current mortgage to provide money at a cheap rate of interest that can be used to pay for virtually anything.