Navigating the Remortgaging Maze

1. Research and Compare Deals

The mortgage market is vast, with numerous deals available. It’s crucial to shop around and compare options to find the one that suits your financial needs best. While this can be time-consuming, Mortgagemove can do the legwork for you, by comparing deals from an extensive panel of lenders, ensuring you get the right deal without the hassle.

2. Consider Remortgaging Costs

Before making a move, evaluate the costs associated with remortgaging. These can include booking or completion fees, conveyancing costs, and property valuation fees. Calculate whether the benefits of switching your mortgage outweigh these potential expenses.

3. Obtain a Decision in Principle

A Decision in Principle provides an estimate of how much you can borrow based on your financial situation. It’s a helpful step in gauging what you can afford, though it doesn’t guarantee mortgage approval.

4. Apply for Your New Mortgage

Once you’re satisfied with the Decision in Principle, proceed with the mortgage application. This involves a thorough credit check and requires supporting documents to verify your income and other financial details.

5. Complete the Legal Work

Although you’re not purchasing a new property, remortgaging involves legal processes. A solicitor or licensed conveyancer will handle the paperwork and fund transfer, ensuring everything is in order.

6. Review Your Offer

After the property valuation, your lender will send an offer for you to review. Ensure all terms meet your expectations before accepting.

7. Finalize the Remortgage

Once everything is set, the completion date is scheduled. This is when your new mortgage begins, and the old one is paid off. Your lender will confirm the start date and your first payment amount.

8. Contact Mortgagemove

We have our fingers on the pulse of the mortgage market and are equipped with in-depth knowledge of the different mortgage products on offer. Our insider knowledge can make your remortgaging process simple. So are you ready to find the right mortgage for you?

Phone directly on 0333 005 0333,

or text ADVICE to 82228.

or email advice@mortgagemove.co.uk

–

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Approved by The Openwork Partnership on 07/04/25

Mortgage Move is a trade name of Nicholas Financial Limited, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.