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Ian Rutherford - Buy to Let Remortgage
They got us a great deal on our mortgage and pushed everything through just in the nick of time. I would definitely recommend. ...Read More

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

Customer - Product Transfer
Very good service from the team. Peter Bartlett is very clear and explains the options very well. ...Read More
23 days ago

Gary Towlson - Product Transfer
Excellent service as always - thank you! ...Read More
23 days ago

Customer - Remortgage
Both Mr James Drury and Mr Stephen March have been highly professional and helpful in answering all queries in timely manner. They have done their best to make the process of our remortgage to go as smooth as possible. ...Read More
1 months, 11 days ago

Alan Mather - Purchase
Would recommend without hesitation superbly supported with transparent advice from Peter and then great follow up by Anna. ...Read More
1 months, 11 days ago

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 Rates

Property Value
£
Mortgage Amount
£
Reason for Mortgage
Mortgage Type
LenderInitial RateTypeForThenAPRC*ERC*Fee
Progressive BS Northern Ireland Co-Ownership 2 Year Discount No Fee Purchase BPG3.23%Discount2 years6.49%6.02%2 years £0
Progressive BS 2 Year Discount No Fee Purchase BPG3.23%Discount2 years6.49%6.02%2 years £0
Scottish BS 2 Year Discount £995 Fee Purchase BSO3.29%Discount2 years6.99%6.6%2 years £995
Scottish BS 2 Year Discount £995 Fee Professional Purchase BSO3.29%Discount2 years6.99%6.6%2 years £995
Bath BS 2 Year Discount £999 Fee Rent a Room BBB3.29%Discount2 years6.29%6%2 years £999
Bath BS Complete FS 2 Year Discount £999 Fee Rent a Room BBB3.29%Discount2 years6.29%6%2 years £999
Bath BS Brightstar 2 Year Discount £999 Fee Rent a Room BBB3.29%Discount2 years6.29%6%2 years £999
Newcastle BS Direct / Semi Exclusive 2 Year Discount £999 Fee NBS3.29%DiscountJan-20254.91%4.9%31-Jan-2025 £999
Progressive BS 2 Year Variable No Fee Purchase Foreign Currency Loan BPG3.33%Discount2 years6.49%6.04%2 years £0
Skipton BS 2 Year Tracker £1995 Fee SBS3.39%Tracker2 years4.89%5.6% £1995

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Rates are updated daily and can be withdrawn at anytime withoutnotice by lenders.

Think carefully about securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.

Commercial Mortgages and some forms of Part Commercial & Buy to Let mortgages are not regulated.

*APRc = Annual Percentage Rate Change
*ERC = Early Repayment Charge
The mortgage products displayed above are as a result of the following search: Reason for Mortgage: Purchase; Property Valuation: £200000; Mortgage Amount: £120000;Payment Method: Repayment; Mortgage Term: 25 years; Mortgage Product: All Offset: No Product Term Period From: 0 Months; Product Term Period To: 300 Months;Lender Fee: not added.The mortgage deals shown above are subject to individual status and a suitable security property. You may not be eligible for some or all of the deals shown given your status and/or the nature of the security property. For a more accurate indication as to mortgage deals you are eligible for, please contact us to discuss your specific situation and/or property.

Discounted Rates

LenderRateType
Progressive BS Northern Ireland Co-Ownership 2 Year Discount No Fee Purchase BPG3.23%
then 6.49
(variable)
DiscountRead More
Progressive BS 2 Year Discount No Fee Purchase BPG3.23%
then 6.49
(variable)
DiscountRead More
Scottish BS 2 Year Discount £995 Fee Purchase BSO3.29%
then 6.99
(variable)
DiscountRead More

5 Year Fixed Rates

LenderRateType
HSBC RETENTION Direct 5 Year Fixed £1499 Fee C/A Premier Standard HSB4.71%
then 5.54
(variable)
FixedRead More
HSBC RETENTION Direct 5 Year Fixed £999 Fee Standard HSB4.74%
then 5.54
(variable)
FixedRead More
Virgin Money 10 Year Fixed £995 Fee Purchase £1000 Cashback BNR4.89%
then 6.49
(variable)
FixedRead More
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