Remortgaging is the process of switching your existing mortgage to a new lender or to a new mortgage product with your current lender. This can be done to obtain a better interest rate, change the length of your mortgage term, or to access equity in your property.

Some common reasons to remortgage include:

• Obtaining a lower interest rate: Remortgaging can help you get a lower interest rate, which can save you money on your monthly mortgage payments.​

• Changing the length of your mortgage term: You can remortgage to change the length of your mortgage term, which can either lower your monthly payments or help you pay off your mortgage faster.​

• Accessing equity in your property: If you have built up equity in your property, you may be able to remortgage to access that equity and use it for things like home improvements or debt consolidation.  You must think carefully before securing any other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage.)

Remortgaging can be a good option if you want to save money on your monthly mortgage payments, change the length of your mortgage term, or access equity in your property. However, it’s important to consider the costs associated with remortgaging, such as fees, before making a decision.

I can help you determine if remortgaging is the right choice for you based on your individual
circumstances and goals.

Yes, you will likely need to pay fees such as product fees, valuation fees, and legal fees. However, some lenders may offer fee-free remortgaging options. I can help you understand the costs associated with remortgaging and find lenders that offer fee-free options.

The way to get a great deal for you is to go to a mortgage broker. My service will be able to assess your situation and find the most suitable products for you.

The length of time can vary depending on the lender and the complexity of your application. On average, it can take anywhere from 2 to 8 weeks to complete the remortgaging process.