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Best Remortgage Deals

Mortgages tend to be taken out over a 25 year to 35 year period. Within that time, you may remortgage up to every two years to lock into the best deals available at the time. If you take deals longer than two years, five-year deals for example, you’ll only remortgage five times over a 25-year mortgage.

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What Our Customers Say

Anonymous - Purchase
Great service, regular communication, made us feel secure with the application in their hands. ...Read More
Anonymous - Remortgage
With unusual circumstances, an excellent service to find and organise a mortgage to get our son on the property ladder. Not cheap, but worth it. ...Read More
Anonymous - Buy to Let Remortgage
Capital Fortune went the extra mile to find me the right lender.Peter Bartlett and his team worked hard to match my needs to the right lender. ...Read More
Anonymous - Buy to Let
Found us a mortgage when we didn't think it was going to be possible, given our rather unique circumstances. Always very helpful, and patient with all the paperwork. ...Read More

Find out more

Loan-to-Value

The advantage of remortgaging when you come to the end of your deal is that, because you have been paying off your mortgage for a few years, your loan-to-value is likely to have come down.

This means the value of your mortgage is small than it was compared to the value of your home. The lower your LTV, the lower the mortgage rate you can secure. Your lender won’t automatically check your LTV unless you trigger a revaluation by remortgaging.

Costs

Another thing to think about when you remortgage are the associated costs. These include a mortgage fee, valuation fee and legal fees.

Most lenders will now offer free legal fees and or free valuation fees on a remortgage. One of our advisers will be able to help you find a mortgage that suits you depending on whether you want to pay these costs or not.

For more on legal fees, click here.

Application

When you remortgage, it might be that you stay with your existing lender. In this instance the process of remortgaging is much quicker than the initial application because the lender has already carried out its checks on you and the property.

If you switch lender then you may find that you need to provide much of the same information to the new lender as you did when you bought the property.

If you decide to raise a bit more money from your mortgage through a further advance, your lender may also need to carry out more detailed affordability checks.

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What we’ll ask you for

You’ll need to provide information about your income and expenditure so it’s a good idea to make sure you have your latest P60 and past three months’ payslips readily available as well as bank statements for the past three months.

You’ll need to show proof of your current address such as a recent utility bill and ID in the form of a full UK passport or driving licence. If you get benefits, we’ll need to see the paperwork proving you get these and how much you receive.

If you’re self-employed we will need a signed off statement of your accounts from the past two or three years. These must be verified by an accountant. Your SA302 form from your tax return is also required if you work for yourself as well as bank statements to verify this information.

Read more on mortgages for self-employed

The most important thing to remember is to be accurate about the information you provide. We’ll help you find a mortgage but need you to be clear and honest about what you earn, your savings and other assets and what fixed expenditure you have.

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What Happens Next?

Once we have all this information we will usually have a further conversation about what your plans are. Do you expect to stay in the property for a long or short time? Might you be having a family within the next five years that would mean having to move to a bigger place? Are you expecting an inheritance? These are all relevant questions that will help inform what sort of mortgage would suit you best.

Once we have answers to all of this, we will be able to recommend you a mortgage.

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Early Repayment Charges

If you choose to remortgage before the end of your deal you may need to pay a fee. How much will depend on the terms and conditions attached to your existing loan.

Before you remortgage early, we would recommend talking to one of our advisers who will be able to help you assess the financial merits of remortgaging early.

Many lenders will allow you to organise the remortgage early but delay the completion until the day your deal ends, thereby avoiding paying any ERCs.

Find Out Current Best Rates

Property Value
£
Mortgage Amount
£
Reason for Mortgage
Mortgage Type
Lender Initial Rate Type For Then APR* ERC* Fee
Monmouthshire BS 2 Year Discount £1999 Fee Purchase BMO0.99%Discount2 years 5.24%4.4%2 years £2149
Beverley BS 2 Year Discount £1895 Fee BBV1.28%Discount2 years 4.75%4.2%2 years £1895
Accord Intermediary 2 Year Discount £1495 Fee ACC1.29%DiscountNov-20204.99%4.2% £1495
Leeds BS 2 Year Tracker £999 Fee BLH1.32%TrackerOct-20205.69%4.8%31-Oct-2020 £999
Leek United BS 2 Year Discount No Fee LEE1.34%Discount2 years 5.44%5% £0
Leeds BS 2 Year Fixed £1999 Fee BLH1.39%FixedNov-20205.69%4.9%30-Nov-2020 £1999
Barclays Bank 2 Year Tracker £1999 Fee Purchase Wealth BWO1.44%Tracker2 years 4.24%3.8% £1999
Nationwide BS RETENTION 2 Year Tracker £999 Fee Existing Borrowers Cashback BNW1.44%Tracker2 years 4.24%3.9% £999
Nationwide BS 2 Year Tracker £999 Fee BNW1.44%Tracker2 years 4.24%3.7% £999
Nationwide BS FTB 2 Year Tracker £999 Fee Cashback BNW1.44%Tracker2 years 4.24%3.9% £999
Mortgage product availability is subject to status and availability. Although great care is taken to ensure that product details are as accurate as possible no liability can be accepted for errors or omissions.
*APR = Annual Percentage Rate *ERC = Early Repayment Charge
*These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.

Best Discounted Rates

LenderRateType
Monmouthshire BS 2 Year Discount £1999 Fee Purchase BMO0.99%
then 5.24
(variable)
DiscountRead More
Yorkshire Building Society Direct 2 Year Discount £1495 Fee YBS1.17%
then 4.99
(variable)
DiscountRead More
Beverley BS 2 Year Discount £1895 Fee BBV1.28%
then 4.75
(variable)
DiscountRead More

Best 5 Year Fixed Rates

LenderRateType
Yorkshire Building Society Direct 2 Year Fixed £1495 Fee YBS1.38%
then 4.99
(variable)
FixedRead More
HSBC Direct 2 Year Fixed £1499 Fee C/A Premier Standard HSB1.39%
then 4.19
(variable)
FixedRead More
Leeds BS 2 Year Fixed £1999 Fee BLH1.39%
then 5.69
(variable)
FixedRead More
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