Remortgage Broker
Thinking about remortgaging? At Mortgage Saving Experts, we specialise in helping homeowners like you secure the best remortgage deals available. Whether you’re looking to reduce your monthly payments, release equity, or simply switch to a better rate, our expert advisors are here to guide you every step of the way.
We’re here to explain your options and help you find the best deal
What is remortgaging?
Remortgaging is the process of switching your existing mortgage to a new deal, either with your current lender or a different one. It doesn’t involve moving home – instead, it’s about finding a more suitable or cost-effective mortgage for your current property and circumstances.
When should I remortgage?
You should consider remortgaging when:
- Your current deal is ending soon (e.g. a fixed or tracker rate period).
- You’re on a Standard Variable Rate (SVR) and paying more than necessary.
- You want to release equity for home improvements, debt consolidation, or other goals.
- Your property’s value has increased, potentially giving you access to better rates.
- You want more flexible features, like the ability to make overpayments or take payment holidays.
Our expert brokers can assess your situation and help determine the perfect time to remortgage.
How long does it take to remortgage?
Typically, remortgaging takes 4 to 8 weeks, but it can vary depending on the complexity of your case and the lender’s processing time. We’ll handle the paperwork and chase up the lender to keep everything on track, so you can relax knowing we’re managing the process for you.
Do I remortgage with my current lender?
Not always. While your current lender might offer a decent deal, it’s important to compare it with what’s available across the whole market. As whole-of-market brokers, we compare hundreds of remortgage options – not just from the big banks, but also from specialist lenders you might not be aware of.
We’ll help you weigh the pros and cons of staying with your lender vs. switching, factoring in fees, flexibility, and long-term savings.
Remortgaging your home made simple
At Mortgage Saving Experts, we make the remortgaging process as smooth and stress-free as possible. Here’s how we guide you from start to finish:
1. We research deals
With over 100 mortgage lenders in the UK and thousands of products on the market, finding the right deal can be overwhelming.
Each lender has criteria. We know them all inside out and will match you with the most suitable lender, quickly and accurately, so you don’t waste time on deals you wouldn’t qualify for.
We hold key accounts for several high street lenders, including NatWest, Santander, Nationwide, HSBC, Halifax and Barclays to name a few. This in turn enables us to qualify for a better service and exclusive rates from those lenders.
2. Get your documents ready
To apply for a remortgage, you’ll need to provide key documents such as:
- Proof of ID (passport or driving licence)
- Proof of income (payslips, tax returns)
- Bank statements
- Proof of address
Each lender may request different documents. Thanks to our deep understanding of lender requirements, we’ll tell you exactly what’s needed and help you prepare everything in advance, saving you hassle and increasing your chances of approval.
3. Get an agreement in principle
An agreement in Principle is a conditional offer from a lender based on your financial situatio. To obtain one you’ll need to:
- Review and confirm your income details
- Declare your monhtly outgoings (loans, childcare, credit cards, etc.)
- Provide accurate financial information from payslips and bank statements
We’ll ensure all your figures are correct before submitting the AIP, giving you confidence and clarity moving forward.
4. Submit your remortgage application
Once your AIP is approved, it’s time to submit the full application. This includes sending all supporting documents requested by the lender, such as income evidence and identification.
It’s a complex process with a lot of moving parts. That’s where we step in, managing every detail, liaising with the lender on your behalf, and keeping things progressing smoothly.
5. Remortgage accepted and finalised
After your application is approved, the lender will issue a formal mortgage offer.
We’ll stay with you until completion, ensuring everything finalises without delays. Once your remortgage is complete, you’ll start enjoying the benefits, whether that’s lower monthly payments, better terms, or extra funds released.
What are the benefits of remortgaging?
Remortgaging isn’t just about switching lenders; it’s about making your mortgage work better for you. Whether you’re looking to save money, unlock funds, or gain more control over your finances, here are some of the key advantages:
- Save money on your monthly payments
- Avoid your lender’s Standard Variable Rate (SVR)
- Release equity from your home
- Consolidate debt into your mortgage
- Lock in a fixed rate for peace of mind
- Find a mortgage that fits your life now
Talk to us about your remortgage options
Our expert advisors at Mortgage Saving Experts will look at your full financial picture and help you understand if remortgaging is right for you and which deal brings you the most benefit.
Speak to an expert today and start making your mortgage work harder for you.
We’re here to explain your options and help you find the best deal
Remortgage Broker FAQs
Here are a few of the questions we regularly answer for those who are wondering if this is the correct choice.
Just remember, we’re ready to chat and answer many more.
Are remortgage rates higher than other mortgages?
Remortgage rates are not normally higher than home mover or purchaser rates. They are comparable. Some lenders even offer a free valuation and free legal costs to entice you to remortgage to them. This is not always the case with every rate the lenders have so please check before you apply.
Can you remortgage while you are on a fixed rate?
Yes. You can. You can remortgage while you are currently in a fixed rate mortgage.
If you do you may be subject to Early Repayment Charges from your current mortgage lender which can be tens of thousands of pounds so please ensure you check these with your current lender before remortgaging.
What does the Loan to Value reflect when remortgaging?
The Loan to Value (LTV) dictates the interest rate you pay, the lower the LTV the lower the interest rate. Loan to Value is calculated as the loan as a percentage of the property value so a property value of £100,000 with a mortgage of £90,000 means the Loan to Value is 90%.
Is there an age limit on remortgaging?
If you are looking to get a mortgage whether its residential or Buy To Let, all lenders have different criteria and age lending limits so we can help with this so why not get in touch and find out.
Can I remortgage with bad credit?
If you have had bad credit in the past, then there are several lenders out there who would potentially consider you for a remortgage, but it depends on what bad credit you have had, i.e. defaults, IVAs, CCJs or bankruptcies. With these mortgages, you will need to speak with a mortgage adviser to arrange this.
For more information on bad credit mortgages get in touch with one of our experts who will be happy to help.
How much does remortgaging cost?
There are various costs to factor in when remortgaging such as arrangement fees, legal fees and any early repayment charges that might be applicable. Many lenders offer to cover some of your costs as a way to incentivise you to choose their product. We can help you find the most affordable option for your remortgaging.
Can Mortgage Saving Experts help me with other mortgage products?
Yes. Our many years of experience put us in prime position to help you with first time buyer mortgages, equity release, buy-to-let mortgages and the complex mortgages that you may not be able to find with your typical lenders.
Is Mortgage Saving Experts fully regulated?
Yes. We are fully authorised and regulated by the FCA. Our FCA number is 779662.
