Never remortgaged before? No problem.

Make your dreams a reality with these 20 FAQs answered!

View below or download our PDF here.

1. What is a remortgage?

A mortgage raised against a
property you already own.

2. Why should I remortgage?

To avoid paying higher monthly payments.
If you do nothing you will make payments
at your lender’s much higher standard
variable rate.

3. What is a product transfer?

A new rate with your existing
lender (we can also help you
arrange this).

4. When should I remortgage?

You can remortgage 6 months in
advance of your current deal ending.

5. When shouldn’t I remortgage?

If you remortgage too early and
repay your full mortgage debt you
could be subject to early
repayment charges.

6. Is it better for me to take out a loan or remortgage?

It depends on your personal
circumstances. Mortgage interest
rates are generally lower than
unsecured loans, however.

7. How much could I borrow?

This is based mainly on your
affordability and the value of your
property.

8. How do I remortgage?

By contacting us and we can talk you
through the process.

9. Will I be credit checked?

Only when you give us your
permission to do so.

10. Where can I find out my credit rating?

We can recommend the appropriate
websites to achieve this for free.

11. What costs are involved in remortgaging?

It is very cost-effective as lenders
try to incentives the deal to entice
you to switch to them.

12. Are there any early repayment charges or overhangs?

This is based on your current deal and
terms/conditions. We can help look at
this for you.

13. Can I take the mortgage with me if I move home?

Potentially you can “port “your
mortgage over. Again, this is based
on your current terms and
conditions. Ask us to check these
for you.

14. Can I make overpayments?

Most mortgages allow overpayments of
at least 10% per annum of your
mortgage capital balance but again we
would need to check the terms and
conditions.

15. Can I take a payment holiday?

Potentially but this is dependent on
your current lender and their terms
and conditions. Ask us to look inti
that for you.

16. What do I need to do to get ready for my re-mortgage or product transfer?

Proof of income, bank statements,
proof of ID and proof of address.

17. What happens if I have changed jobs since I last took out a mortgage?

This may or may not affect things.
Again, we would need to look into
your current personal
circumstances.

18. Do I have to wait until my current product ends?

No, we can do that 6 months before
your current deal ends.