If you’re planning to remortgage at the moment, we know you may be worried about your options due to the current circumstance.

However, even though we’re currently in lockdown, you can still remortgage and can even save money during this time, allowing you to spend it on those you care about.  Remortgages are still able to go ahead, and we’re able to offer any advice you may need.

Can I remortgage before my existing mortgage rate ends?

You are not obliged to stick with your original lender for the full mortgage term, and you can move to another lender at any time to get a lower interest rate – you don’t have to be buying a new home. Remortgaging could save you hundreds or even thousands of pounds over the term of the mortgage. It is important to note that early repayment charges may be applied by the existing lender.

Our team can check your details to see if you are entitled to an immediate saving on your monthly mortgage payment.

Will I need a valuation survey on my property?

To move forward with a remortgage, bank and building societies need to know that your property is mortgageable and the value of your property.

Mortgage lenders often send a surveyor out to run the property valuation, however, many are capable of running a desktop property valuation.

If you are hoping to remortgage, picking a mortgage lender that can perform a desktop valuation is crucial. This is because you may be looking at a long delay otherwise.

Will I need to leave the house at all to remortgage?

Thankfully, you should be able to remortgage your house without leaving the house.

With the current tools available, this can all be done using video call meetings, and alternative web based software.

Can I remortgage during my existing term?

You can remortgage during your existing term, however, it may be worth holding off. Your current fixed rate may have an early redemption fee, meaning you may get fined for leaving early. We can arrange a chat to examine the right option for you.
Your home may be repossessed if you do not keep up repayments on your mortgage or another debt secured on it.

Shall we talk about remortgages?
Let’s chat