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Remortgage / Property Refinancing

Expert advice and tailored solutions for your remortgaging needs. Speak to an Advisor

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    Remortgage or Property Refinance

    Remortgaging your home is a smart financial move that can save you money. It lets you find better interest rates to lower your monthly payments. Plus, it can help you consolidate debt and access your home’s equity for major expenses or investments. Our expert team is here to guide you through the process, making it easy and stress-free.

    Explore how remortgaging can benefit you. Discover everything you need to know about property refinance and its process on this page to make informed decisions about your financial future.

    Why Consider Remortgage?

    Lower Interest Rates

    Secure a lower interest rate and reduce your monthly payments.

    Debt Consolidation

    Combine your debts into a single manageable payment.

    Equity Release

    Access the equity in your home for major expenses or investments.

    Flexible Terms

    Find a mortgage that better suits your current financial situation.

    What other benefits you can achieve with Remortgage?

    • Your current mortgage deal is ending soon, and you want to avoid your lender’s SVR.
    • You need to consolidate debts or finance home improvements.
    • There’s a significant upcoming expense, like a wedding or school fees.
    • Your property’s value has increased, allowing you to secure a lower interest rate with a lower loan-to-value product.
    • Remortgaging offers a more cost-effective option compared to your current lender’s high product transfer rates.
    • You want to switch to a fixed-rate mortgage to protect against potential interest rate increases.
    • You’re looking to release equity for investment opportunities or to boost your savings.

    4 Steps to Remortgage

    We have divided remortgage into a few steps for you. We recommend contacting us and speak to our professional Mortgage Brokers for a better understanding.

    Initial Consultation

    Discuss your goals and review your current mortgage.

    Market Research:

    Our experts find the best remortgaging options for you.

    Application Submission

    We handle the paperwork and submit your application.

    Approval and Completion

    Finalize the details and switch to your new mortgage.

    Remortgage Brokers Mitcham, Mortgage Advisor Norbury

    What are the eligibility criteria for remortgage?

    • Current Mortgage Status:
      Must have an existing mortgage.
    • Credit Score:
      A good credit score
      can help secure better rates.
    • Property Value:
      Your home must have sufficient equity.
    • Employment Status:
      Stable income is required for approval.

    Let us make it easier for you!

    Need Help?

    Give us a call : 02087157267

    Or request a call back.

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    Remortgage FAQs

    Remortgaging to a fixed-rate mortgage is ideal when you want to lock in a low interest rate and protect yourself from potential rate increases, especially as your current deal is ending.

    Costs may include early repayment charges from your current lender, valuation fees, legal fees, and arrangement fees for the new mortgage. Some lenders might offer deals with low or no fees.

    The amount you can borrow depends on your income, credit score, and the equity in your home. Typically, lenders allow you to borrow up to 80-90% of your property's value.

    Yes, you can remortgage with bad credit, but options might be limited, and interest rates could be higher. Speaking with a mortgage advisor can help you find the best available deals.

    If your home's value has increased, you may qualify for a lower loan-to-value (LTV) ratio, which can get you better interest rates and terms on your new mortgage.

    Yes, remortgaging can help you consolidate and pay off debts by combining them into one manageable monthly payment, often at a lower interest rate.

    While not mandatory, using a broker can be beneficial. Brokers have access to a wide range of deals and can help find the best mortgage option for your needs.

    Yes, switching to a different mortgage product before your current deal ends can help you avoid being moved to your lender's standard variable rate (SVR), which is usually higher. This can save you money and provide more stability in your payments.

    Yes, a solicitor or conveyancer is usually required to handle the legal aspects of remortgage, such as transferring your mortgage to a new lender. But sometimes lenders offer free legal services. It is a part of their remortgage package.

    The minimum amount you can borrow typically varies by lender but is generally around £20,000. It's best to check with your specific lender for their requirements.

    Yes, you can use the equity released from remortgaging your current home to help fund the purchase of a new property, but this should be discussed with your lender to ensure it fits their criteria.

    Consider the costs involved, your current financial situation, the equity in your home, early repayment charges, and whether the new mortgage terms are better than your current deal. Consulting a mortgage advisor can help you make an informed decision.

    Why Choose Gordon Blair Mortgage Brokers?

    Specialist Financial Guidance

    Access tailored advice for buy to let mortgages, property development, second charge loans, and commercial mortgages.

    Customized Solutions

    We understand unique property financing needs and craft solutions to match.

    Flexibility and Expertise

    Benefit from our knowledge and flexibility in catering to advanced property financing requirements.

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