Our Expertise
Remortgaging
Your existing mortgage was chosen for the circumstances you had at the time. A remortgage review considers whether it still fits the life you have now.
Overview
What is remortgaging?
Remortgaging means moving your existing mortgage to a new deal, either with your current lender or a different one. It is one of the most common financial reviews a homeowner will carry out, and it is usually prompted by an initial fixed or discounted period coming to an end.
A remortgage can be used to change the interest rate you pay, adjust the remaining term, alter the repayment structure, or raise additional capital against the value of your property. Whether any of these are appropriate depends entirely on your circumstances and objectives.
Who might this be suitable for?
- Homeowners approaching the end of an initial fixed or tracker period
- Clients who have moved onto a lender's standard variable rate
- Households looking to review monthly outgoings
- Owners considering raising capital for home improvements
- Clients whose income, employment or credit position has changed
- Anyone who has not reviewed their mortgage for several years
How Help to Lend can help
- 01We review your current deal, early repayment charges and any product transfer options before recommending a move.
- 02We compare the total cost of switching, including fees, rather than looking at headline rates alone.
- 03We handle the paperwork, valuations and legal touchpoints so the switch is as straightforward as possible.
- 04We revisit your protection arrangements at the same time, so cover keeps pace with any change in borrowing.
Assessment
What may lenders and providers consider?
Loan to value
The relationship between your borrowing and your property value influences the products available to you.
Affordability
Lenders reassess income and outgoings, so a change in circumstances can affect what is available.
Credit profile
Payment history since your last application is typically reviewed as part of the assessment.
Exit costs
Early repayment charges and exit fees on your current deal need to be weighed against any savings.
Criteria vary between providers and can change at any time. Nothing here confirms that a particular lender or insurer will accept an application.
The Process
How we work through it together.
- 01
Understand
We start with a conversation about your circumstances, plans and objectives.
- 02
Assess
We review your position, affordability and mortgage requirements in detail.
- 03
Recommend
We identify suitable mortgage and protection options and explain the reasoning.
- 04
Apply
We prepare and manage the application, liaising with the lender on your behalf.
- 05
Progress
We keep the case moving and keep you informed at every stage.
- 06
Complete
We support you through to completion and remain available afterwards.
FAQs
Frequently asked questions
Related
Related expertise
Speak to an adviser about your circumstances.
We'll explain the options clearly and tell you what to prepare, with no obligation.
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