A remortgage is when you want to move your current property from one mortgage deal to a new one, either sticking with the same lender, which is called a product transfer or moving to a new one.
We can help you remortgage for many reasons such as fixing into a new rate, raising money to help with home improvements or remortgaging and adding or removing a party to the mortgage (transfer of equity).
Compared to getting your original mortgage, remortgaging is usually much faster and easier to complete. From start to finish, a typical remortgage can take between four to eight weeks. If your application is straightforward, you have a good credit record and your house is standard built house, it’s sometimes possible to get it sorted even faster.
Having all your documentation ready ahead of making your mortgage application can help speed the process up.
Legal fees; you’ll need to appoint a solicitor or conveyancer to sort out the legal side of your remortgage. Some lenders have remortgage deals which come with free legal work, or cashback to which many solicitors will match their fees.
The free legals/cashback normally only covers the basics involved with a remortgage. If there’s extra work involved for the solicitor such as settling other unsecured debts or removing a person’s name from the title deeds then there’ll be extra costs.
We are experts within our profession and have an in-depth knowledge of lenders to find the right mortgage for you.
Every scenario is different so we’ll give you personalised advice, just for you to ensure all your requirements are met.
We believe in good, honest, down-to-earth advice that is straightforward and easily understood.
We aim to meet your needs as much as we can. Visit our appointment enquiry page, choose a time an date that works for you and we’ll try to make it work for us.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Think carefully before securing debt against your home. Your home may be repossessed if you do not keep up payments on your mortgage or any other loans secured on it.
Sheffield Money is a trading style of Maven Money Ltd which is registered with the Data Protection Act 1998 registration No. ZB495682 and is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 987341 an Appointed Representative of TMG Direct Limited which is authorised and regulated by the Financial Conduct Authority under Firm Reference Number: 786245 and registered with the Data Protection Act 1998 Registration No: ZA178200.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
