The Remortgaging Process
Are you thinking about remortgaging a house? At Mortgage & More, we make the remortgage process straightforward by providing clear, independent advice that's easy to follow. Remortgaging doesn't need to feel overwhelming or confusing, especially with a trusted Mortgage Broker by your side. Our experienced team supports you every step of the way, ensuring you're confident in the decisions you make, whether you're seeking better rates, more financial flexibility, or funding for those much-needed home improvements.
The Remortgaging Process: Step-by-Step
1. Assess Your Current Mortgage
Start by looking at your existing mortgage terms & end date. Knowing when your current rate expires & what the Standard Variable Rate (SVR) will be is essential. This forms the foundation of your remortgaging checklist & allows you to avoid rolling onto a less favourable rate.
2. Determine Your Remortgaging Goals
Why are you considering to remortgage your house? Common reasons include reducing monthly payments, funding home improvements, managing debts, or supporting your family. Understanding your aim helps Mortgage & More tailor options suited to your life circumstances.
3. Research & Compare Offers
This is where the expertise of an experienced Mortgage Broker comes in. We compare a wide range of lender offers, considering rates, fees, flexibility, & your circumstances. Independent & impartial, our team makes sure you understand every detail without being overwhelmed by industry terms, if you're ever in doubt, check our comprehensive jargon-busting guide.
4. Submit Your Remortgage Application
Once you've selected an offer, it's time to apply. With Mortgage & More, you'll have help gathering necessary documentation, such as proof of income & property details. Our qualified team explains what's needed at each step.
5. Property Valuation & Approval
Your new lender will arrange a valuation of your property. On approval, you'll receive a new mortgage offer. As an accredited mortgage adviser, Mortgage & More ensures this step is explained simply & managed efficiently.
6. Legal Work & Administration
A solicitor, often arranged by the lender, will handle legal work, transferring your mortgage smoothly & confirming everything is in order. We keep in contact throughout, making the process as stress-free as possible.
7. Completion & Moving Forward
Once the legal work is finalised, your new mortgage starts. The old balance is paid off, leaving you with the new rate & terms you agreed on. Mortgage & More remains your support point for any future advice, & we'll help you decide the best time to remortgage again when the need arises
Make an appointment or speak to one of our advisers by filling out the form here.
Phone: 01634 235132
Address: 9 Balas Drive, Sittingbourne, Kent, ME10 5AS
Email: info@mortgageandmore.co.uk
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOANS SECURED AGAINST IT.
THERE MAY BE A FEE FOR MORTGAGE ADVICE, THE PRECISE AMOUNT WILL DEPEND ON YOUR CIRCUMSTANCES, OUR TYPICAL FEE IS £395
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Mortgage and More is Authorised and Regulated by the Financial Conduct Authority. The Financial Service Register Number is 651274
The Financial Conduct Authority does not regulate some forms of Buy to Lets.
There may be a fee for mortgage advice. The precise amount will depend on your circumstances, but will be agreed with you before proceeding.
Mortgage and More is a Limited Company. Registered Address: Mortgage and More; 9 Balas Drive, Siitingbourne, Kent. ME10 5AS Registered in England and Wales under number 06437752
We always aim to provide a high-quality service to our customers. However, if you encounter any problems, in the first instance please write to the registered address above, email or call Mortgage and More outlining your complaint, if we are unable to resolve this, you can take your complaint to an independent Ombudsman. Our advice is covered under the Financial Ombudsman Service (www.http://www.financial-ombudsman.org.uk/consumer/complaints.htm).
The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Some calls maybe recorded for training and monitoring purposes.