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Remortgages – How to Find the Help and Advice You Need

Updated: May 14, 2021

Pete Mugleston
Author: Pete Mugleston Mortgage Advisor, MD

Our mission is to ensure everyone gets the right advice and spread the word that there are countless ways to cut costs or raise capital by remortgaging your home or investment properties.

The expert brokers we work with can arrange remortgages for a variety of purposes, including…

As well as for investment, renovations and a whole host of other reasons.

Read through our articles written exclusively by remortgage experts in all kinds of mortgage niches.

The advisors we work with have a strong track record handling unusual or complicated cases and arrange remortgages for homeowners and businesses every day.

How does a remortgage work?

When you remortgage you change the mortgage you have on your property. You can do this by moving to a different deal with your current lender or by switching it to a new lender.

If you’re switching to a new lender when the remortgage is executed your new lender will pay the outstanding money owed to your old lender via a solicitor. Your new mortgage will then continue under the new terms.

If you are remortgaging to release cash from your property, the process is similar to above, but the additional money you are borrowing is paid to your solicitor and then into your account or sent to you by cheque.

How long does a remortgage take to complete?

Compared to getting a mortgage to buy a property, remortgaging is usually much easier and quicker to complete. It’s relatively normal to complete the transaction inside a month and can, sometimes, be sorted even faster. To ensure a smooth transaction it pays to approach things with accuracy from the start and have everything you need gathered together before you apply.

With no house to buy or sell, no sales chain or contracts to exchange the process is fairly straightforward from start to finish and more simple than applying for a new mortgage.

Naturally, there are times when it’s complicated by various factors outside your immediate control (such as applying for a remortgage with bad credit) but working with an experienced remortgage broker can help ensure you get a swift result.

An expert broker with whole-of-market access, like those we work with, can give you bespoke advice on remortgages and connect you with the best available deal, taking all your circumstances into account.

Three steps to your remortgage

  1. Fill out an enquiry form – it will only take a few moments.
  2. Sit back and let us do the hard work – we’ll check the information you’ve provided and connect you with the right broker based on your needs and circumstances.
  3. Your expert broker will search the entire market for the best remortgage deals and introduce you to the lender offering the most favourable one.

Make an enquiry for a free, no-obligation chat and we’ll match you with a broker experienced in helping other customers in similar circumstances.

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FCA disclaimer

*Based on our research, the content contained in this article is accurate as of the most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs.

Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

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