Remortgaging is where you swap your mortgage from one lender to another. Most people look at this option every few years to ensure they are always on a good deal. When people remortgage they often take the opportunity to raise capital at the same time, perhaps for home improvements or debt consolidation. If you are a landlord, raising capital from remortgaging a buy to let can allow you to fund any home improvements as well as using equity to fund a deposit for any portfolio additions.Get Started
You can start the process up to 6 months before your current deal expires. We recommend seeking remortgage advice early to ensure your mortgage payments do not lapse onto your lender’s standard variable rate. To speak to a trusted mortgage broker about your remortgage options, please book your free mortgage appointment and speak to a dedicated member of our mortgage advice team. We aim to make sure that this time around is quicker and smoother than the first go around.Apply Now
Why should I remortgage?
There are multiple reasons people choose to remortgage, this could be releasing equity to pay for home improvements or consolidation of debts. Alternatively, it could be simply to get a better rate and save money.
When should I remortgage?
Ideally, you want to be looking at around 3 to 6 months before your current mortgage is due to end. This will give enough time for you to seek remortgage advice and get the new mortgage set up and ready to begin just as your last deal ends.
Can I remortgage to pay off debt?
Yes, you can remortgage to release equity in your home and then use the generated lump sum to pay off any unsecured debt. If you do not have much equity within your home, you could still explore this option and look for a better rate so that you can save money each month to put towards paying off your debt. Always get in touch for specialist remortgage advice before securing debts against your home as you are likely to end up paying back more interest in the long run, although your initial monthly payments can often be much lower.
Can I remortgage my buy to let?
Yes, it is possible for buy to let landlords to remortgage their property. This is something we encounter often and are able to assist you with. To find out more and to see how we can help, head to our buy to let remortgage page.
How many times can I remortgage?
Most homeowners do this several times in their lifetime and there is no restriction on the number of times you can do this. However, if you are looking at this option whilst you are still tied into a deal with your current lender then you would have to factor in paying an early repayment charge for settling early.
Why should I use a mortgage broker when looking to remortgage?
A mortgage broker will be able to help you compare deals, looking at whether or not you would be better suited to stay on your lenders standard variable rate or switch onto a more favourable deal with a new lender. We have been providing mortgage advice for over 20 years and during that time, we have helped 1000s of customers to remortgage their homes, more often than not with great success.
We're flexible around your work and family, we'll be there when you need us.
No upfront fees payable, we are paid on results only.
You'll always know who you are dealing with.
No vested interests, do you want your builder or estate agent knowing your maximum lending when you're trying to negotiate your price, you'll receive a mortgage tailored to your needs.
Meaning you're safe and protected by our process, providing peace of mind. We take all the responsibility for the advice.
We shop around for the cheapest deal for you, saving you time and money.
There isn't a situation we haven't come across before, we fully understand your needs.
We'll help you overcome hurdles that you face along the way, for example, removing the stress of property survey and valuation problems.
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Everyone at UK Moneyman was really helpful, polite and efficient throughout the process of getting our mortgage offer. As first-time buyers, the process seemed very overwhelming at the beginning but Charlie talked us through each step at the...
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Excellent professional service from start to finish. Staff are extremely friendly, professional and kept us informed every step of the way, making what can be an extremely stressful process quick, efficient and hassle free. This is the second time...
House-buying is a very stressful business but obtaining a later-life mortgage with UK Moneyman was a pleasure. The staff were extremely professional, knowledgeable, efficient and polite. They obtained a very good deal for us at the speed of light!...
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