Thinking of remortgaging?

It’s time for us to work together.

There are two main reasons why you may choose to remortgage;

1) to save money

2) to borrow additional money.

The ease of accepting a new deal with your current lender can be very appealing. However, the chances are that you'll miss out on a really competitive deal so it's always worth shopping around.

As a 'whole of market' broker, we can scan and analyse all the deals available to you. We'll provide you with straightforward advice on the benefits and risks of each of your options and apply for a 'Decision in Principle' with your chosen lender.

We will only charge a fee if you decide to proceed with the application following the completion of the above. Our fee for remortgaging is £295 (due on application).

Let's Chat.

Top Tip: Remortgage

Don't leave it too late to get the ball rolling on a remortgage. Get in touch with us about 6 months before to ensure there's plenty of time to find and secure the best deal for you.


"Excellent service from James in our remortgage. James found us a fantastic deal which perfectly suited our needs (and which another advisor had not), and went above and beyond in securing it, supporting us through the whole process from start to finish, professionally and punctually. Brilliant, all round, and highly recommended."

Ed White

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The Remortgage Process

01

02

03

04

05

Contact Existing Lender

If you don't have an up to date mortgage statement, you'll need to request a redemption statement from your existing lender (some lenders will let your mortgage broker do this for you on your behalf, we'll just need your mortgage account number). This will detail the the exact amount that you still owe on the mortgage and any fees associated with it being repaid.

Fact Find & Documentation

Your mortgage broker will go through all the necessary details in order to research and submit a mortgage application on your behalf. You'll be able to go through exactly what you're hoping to achieve i.e. a lower rate, to borrow more for home improvements, consolidate existing debt etc.

Research & Decision in Principle

Your broker will research the current market and provide you with an illustration(s) of your best option(s). If you're happy to proceed, your broker will present your current circumstances and remortgage needs to the new lender to obtain an Agreement/ Decision in Principle (AIP/ DIP).

Application & Valuation

Assuming the AIP was successful, your broker will now be in a position to proceed to a full application with the new lender. Once submitted, the new lender will request a valuation on your property, complete their underwriting checks and your solicitor will begin the legal work.

Offer & Completion

Following a satisfactory valuation, your new lender will provide you with your mortgage offer. It's now over to your solicitor to finalise the legal side in preparation for exchange of contracts (if purchasing) and completion.

01 Contact Existing Lender

If you don't have an up to date mortgage statement, you'll need to request a redemption statement from your existing lender (some lenders will let your mortgage broker do this for you on your behalf, we'll just need your mortgage account number). This will detail the the exact amount that you still owe on the mortgage and any fees associated with it being repaid.

02 Fact Find & Documentation

Your mortgage broker will go through all the necessary details in order to research and submit a mortgage application on your behalf. You'll be able to go through exactly what you're hoping to achieve i.e. a lower rate, to borrow more for home improvements, consolidate existing debt etc.

03 Research & Decision in Principle

Your broker will research the current market and provide you with an illustration(s) of your best option(s). If you're happy to proceed, your broker will present your current circumstances and remortgage needs to the new lender to obtain an Agreement/ Decision in Principle (AIP/ DIP).

04 Application & Valuation

Assuming the AIP was successful, your broker will now be in a position to proceed to a full application with the new lender. Once submitted, the new lender will request a valuation on your property, complete their underwriting checks and your solicitor will begin the legal work.

05 Offer & Completion

Following a satisfactory valuation, your new lender will provide you with your mortgage offer. It's now over to your solicitor to finalise the legal side in preparation for exchange of contracts (if purchasing) and completion.

Ready to speak with a broker?

Give us a call today or drop us a quick message here and we'll be more than happy to help.

01843 228800