Re-Mortgage

Re Mortgage Advice

What is a Remortgage?

In simple terms a remortgage is the process of moving your mortgage to a new lender whilst remaining in your current property.  A remortgage involves a transfer of the legal charge from one lender to the next.  A product switch on the other hand is where you wish to vary the product terms with your current lender.  In both scenarios there could be many reason why you wish to refinance.  For example you may wish to raise further funds for Home Improvements or simply, your current deal is about to come to an end.  Please note that some lenders only allow product switches where there is no material change to the loan. We can assist you with the remortgaging process. Staying with your current lender might be the most cost-effective option, but we also have the expertise to explore better deals elsewhere.

As property values rise, you may have built up more equity in your home, making you eligible for a lower loan-to-value (LTV) interest rate.

Our experienced advice can give you access to a diverse array of mortgage options from various lenders, which change daily. We can even provide exclusive mortgage deals that you won’t find anywhere else. Let Mortgageshield help you discover the best remortgage solution tailored to your unique circumstances.

         Remortgage FAQ

Once your current deal ends, your mortgage lender will automatically put you on their Standard Variable Rate (SVR), this will often be a much higher rate than your old one. As a customer of Mortgageshield, we will automatically contact you three months before your existing mortgage deal comes to an end to establish your current circumstances and what it is you are wanting to achieve. We will then source you an excellent range of mortgage options, helping you make an informed choice, in advance of your current deal ending.  This will enable you to seamlessly move from one mortgage deal to another without interruption.

Yes. It is possible for you to do this either before your current mortgage deal comes to an end.  More often than not your current deal will have an Early Repayment Charge (ERC) and the best advice may be to wait until the deal you are on comes to an end before remortgaging.  Our advisers can review your circumstances and advise if it is worth remortgaging to a new lender or staying with your current one at this time.

That depends on whether you stay with an existing lender or move to a new one. Some lenders require an updated valuation and if you are making a new application, various checks will need to be carried out including credit checks and employment references. We are highly experienced in progressing applications as quickly as possible.

How Our Expert Mortgage Advice Service Works at Mortgageshield

At MortgageShield, we make it easy for you to start your mortgage journey with expert support every step of the way.

We understand that navigating mortgage options can feel overwhelming, so our team of friendly, knowledgeable mortgage advisers is here to help you find the right deal to suit your unique circumstances. Whether you’re a first-time buyer or looking to remortgage, we’ll guide you through options tailored to your income, deposit, or existing equity. Once you choose the mortgage that’s right for you, we’ll manage the application process with the lender, keeping everything on track until approval.

With Mortgageshield, finding a mortgage is simple, personalised, and stress-free!

Ready to Secure the Right Remortgage Deal for You?

Get expert mortgage advice to find the perfect remortgage option for you. Simply click below to schedule a 30-minute, no-obligation consultation.

Remortgage with mortgage shield for home improvements
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