A Guide to Remortgaging

A Guide to Remortgaging

What is Remortgaging?

Remortgaging is the process of switching from your current deal to another mortgage deal.

This process can be completed with your current lender or you can exchange to a new one who will find a better deal that suits you and your financial requirements.

Why Remortgage?

The reasons why someone will want to remortgage vary. Whether it’s to add value to the property by improving it or maybe to pay off debts that are accruing interest.

Many look to change as their current deal is nearing an end so looking for a newer, better deal may reduce monthly payments and takes advantage of the lower interest rates.

Fixed term mortgage agreements aren’t typically long, usually two to five years. Lenders look to push homeowners to their Standard Variable Rate which can be more expensive per month.


Many assume that remortgaging means you gain more debt.

However, this is not case for most homeowners.

This may be if you are looking to remortgage to release equity from your property. 

But for the majority, remortgaging is the way to go if you are looking to reduce those monthly costs.

Finding the right deal can be stressful, we can help make it easier.  Our mortgage adviser has access to a range of lenders including some exclusive deals you may not find anywhere else on the market.
Our adviser can look at your existing deal and compare to other products available.  He can then advise you on the most suitable way forward. 
Our adviser will also give you ongoing support throughout the process from application to completion.


So this complicated sounding  process is simply just switching to a cheaper lender. 

You can equate the simplicity of remortgaging as looking for a better phone contract or a better car insurance deal.

Think carefully before securing other debts against your home.  Your home may be repossessed if you do not keep up repayments on your mortgage.

Speak to our mortgage advisor

If you're looking to apply or if you have any questions about mortgages we can help.
Speak to our mortgage advisor
If you're looking to apply or if you have any questions about mortgages we can help.
Mortgage calculator
Seen the perfect property? Estimate the cost of a mortgage here.
Know how much you want to spend on a property or have found one you know the price of?
Seen an attractive offer or have an idea how much interest you want to pay?
How much have you got saved to put towards your property?
How many years do you want to pay your mortgage back at this rate?
This calculator is based on assumptions and a mortgage on a repayment basis. This is for illustrative purposes only and should not be relied upon.