Remortgage
Many of us are looking for a better mortgage deal, or would like to release some of the equity in our home but the process is often not as easy as it first appears.
So what do you need to know before you seriously consider remortgaging?
Where to start?
The first step is to contact us and we can advise you on the most suitable remortgaging options.
We will work with you to check the terms and conditions of your existing mortgage. These will tell if you are tied-in to your mortgage deal or if there are any early repayment charges. You can then decide if it is worth switching to a different rate or stay put until the penalties have expired.
How do I apply?
- An early repayment statement will be needed from your existing lender telling you how much you owe
- An application form from your new lender will need to be completed, along with details of your income and proof of your identity
- Your new lender values your home
- Subject to all the paperwork and credit checks being satisfactory, the lender will issue a mortgage offer which will contain the amount of the mortgage and the terms that they will offer you
- Solicitors will need to be instructed at this point to arrange the legal documentation, leading through to completion of the loan
How long does it take?
The whole process should take about a month to complete however this may vary from customer to customer.
Once you have received a completion statement from your solicitor or new lender, the process has finished and your new mortgage is in place.
Today's Remortgage Deals
WHY CHOOSE US
Our clients choose to trust us over the competition because of the way we conduct our business.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
High Street Mortgages Ltd is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority. You can find us on their website www.fca.org.uk. Our registration number is 739392. Our registered address is The Lees, Lower Britwell Road, Slough, SL2 2NJ.
Approved by The Openwork Partnership on 31/07/2023.
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