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Customer - Purchase
From start to finish the team were excellent. Peter and Alex were efficient in everything they did. They always answered my questions and sourced ...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

Laurence Winn - Buy to Let Remortgage
Highly recommended service for Expats....Always a quick response... ...Read More
1 day ago

Gwyneth Allport - Purchase
Other companies had just dismissed our claim because of our age , being pensioners no one seemed to want to take us on although we had good credit ratings ...Read More
3 days ago

Customer - Purchase
Great service and advice especially during a time when Covid has made things harder to achieve. I would definitely recommend them. ...Read More
3 days ago

Customer - Purchase
Although covid 19 has had a marked impact on service standards I believe better distribution of manpower would help improving service speed. ...Read More
3 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 Best Rates

Property Value
£
Mortgage Amount
£
Reason for Mortgage
Mortgage Type
LenderInitial RateTypeForThenAPR*ERC*Fee
West Bromwich Building Society 2 Year Fixed £999 Fee Purchase Free Val WBB1.24%FixedNov-20223.99%3.6%30-Nov-2022 £999
Nationwide BS RETENTION 2 Year Fixed £999 Fee Existing Borrowers BNW1.24%Fixed2 years3.59%3.2%2 years £999
Halifax Intermediary FTB 2 Year Fixed £999 Fee BHX1.28%FixedDec-20223.59%3.4%31-Dec-2022 £999
Halifax Intermediary 2 Year Fixed £999 Fee Purchase BHX1.28%FixedDec-20223.59%3.4%31-Dec-2022 £999
NatWest Intermediary 2 Year Fixed £995 Fee £250 Cashback Purchase CNW1.28%FixedDec-20223.59%3.8%31-Dec-2022 £995
Progressive BS 2 Year Variable No Fee Purchase Foreign Currency Loan BPG1.34%Discount2 years4.35%3.88%2 years £0
West Bromwich Building Society 2 Year Fixed £999 Fee Purchase £500 Cashback WBB1.34%FixedNov-20223.99%3.6%30-Nov-2022 £999
Nationwide BS RETENTION 2 Year Tracker £999 Fee Existing Borrowers BNW1.34%Tracker2 years3.59%3.2% £999
Progressive BS 2 Year Discount No Fee Purchase BPG1.35%Discount2 years4.35%3.89%2 years £0
Halifax Intermediary 3 Year Fixed £999 Fee Purchase BHX1.36%FixedDec-20233.59%3.3%31-Dec-2023 £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
Progressive BS 2 Year Variable No Fee Purchase Foreign Currency Loan BPG1.34%
then 4.35
(variable)
DiscountRead More
Progressive BS 2 Year Discount No Fee Purchase BPG1.35%
then 4.35
(variable)
DiscountRead More
Beverley BS 2 Year Discount £1895 Fee Purchase BBV1.52%
then 4.99
(variable)
DiscountRead More

Best 5 Year Fixed Rates

LenderRateType
West Bromwich Building Society 2 Year Fixed £999 Fee Purchase Free Val WBB1.24%
then 3.99
(variable)
FixedRead More
Nationwide BS RETENTION 2 Year Fixed £999 Fee Existing Borrowers BNW1.24%
then 3.59
(variable)
FixedRead More
Halifax Intermediary FTB 2 Year Fixed £999 Fee BHX1.28%
then 3.59
(variable)
FixedRead More
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