Are you ready to remortgage?

Do you need Quick & Simple Remortgage For Your Dream Home or Investment in London?

Would you like massive amount of savings?

  • Obtain Terms & Decision In Principle within 48 hrs
  • Rates from 3.55%
  • Up to 90% LTV (Residential) & 80% LTV (Buy To Let)
  • Compare 100s of remortgage products to find out how much you can save
  • Complex Income Accepted
  • Remortgage or Product Transfer to get best solution
  • Free, no commitment quote
  • Bad credit accepted
  • Used for a variety of purposes (Full Time or Part Time Employee, Company Directors, Self-Employed, Sole Trader, LLP, Contractor)
  • Suitable for residential, buy to let and commercial
  • Tailored to suit individual needs, with flexible repayment terms
  • Available to a wide range of borrowers
Contact Us

We Provide A Full Range of Remortgage Services

We have access to a huge range of mainstream and specialist lenders, we’ll quickly source the most suitable remortgage for your circumstances. Re-mortgages can be used in variety of solutions, these may include: :

How Can I Use Remortgage.Properties?

As specialist in the Remortgage niche, we have great success using the value locked inside your home to achieve better rates and increase how much you can save and give you flexibility to make changes on the mortgage term to fit the desired goals of our clients in Dartford, Watford, Harlow, St Albans, Slough, Hemel Hempstead, Basildon, Woking, Stevenage, Crawley.

Residential

Buy To Let

Commercial

Home Improvement

Debt Consolidation

SPV Buy To Let

Expert Remortgage Advice

We work with over 100 lenders that offer remortgage, we deliver the quickest and best results for your mortgage requirements.
Contact our friendly team of re-mortgage experts for dedicated support in Dartford, Watford, Harlow, St Albans, Slough, Hemel Hempstead, Basildon, Woking, Stevenage, Crawley

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Why Choose Remortgage.Properties?

  • We specialise in Remortgage Services
  • We are unbiased, we represent you and not the mortgage lender
  • Dedicated specialist team
  • No Job is Too Large or Small
  • We search the whole mortgage market for the latest mortgage quotes
  • We Provide High Quality and Affordable Services
  • Homemovers
  • Large Mortgage Loans
  • Remortgages
We Provide A Full Range of Umbrella Contractor Mortgage Services
Contact our friendly team for expert advice on all things Umbrella Contractor Mortgage Services

Frequently Asked Questions (Remortgage)

Remortgaging involves switching your existing mortgage to a new rate with a different lender, it comprises the combination of a new mortgage rates and a new lender. Without doubt, you already need to have a mortgage to get a remortgage.

The right mortgage product for your remortgage will depend largely on your circumstances and how mortgage interest rates might change in the future. We will be pleased to talk your options over with you.

The types of remortgage options available includes:

Fixed: The mortgage is fixed at an agreed rate for a set period. Even if interest rates go up or down, your mortgage repayments will remain the same.

Variable rate: The mortgage rate can go up or down depending on the Bank of England’s base rate movements or by decisions made by the lender.

Tracker: This tracks the Bank of England base rate over a set period. For example, if it’s set at 2% above the base rate and the base rate was 4.75%, the rate to you would be 6.75%.

Tracker with cap rate:  Exactly the same as a tracker, but the amount it could go up by is capped at a pre-agreed amount.

A remortgage pays off one mortgage with the proceeds from the new one. So, your new deal/lender effectively pays your old mortgage off early and replaces it with a new one.

The new mortgage is still secured against the same, existing property.

Is re-mortgaging easier than getting a mortgage?

Getting approval for a remortgage is often easier than getting a new mortgage on a different property, especially with bad credit. This is because you already have an asset in your existing property, which minimises a lender’s risk.

Remortgages have always been a consideration as most people initially fix their mortgage when they buy a property, so after the initial fixed period, the question whether to remortgage or do a product transfer arises. In recent years, the need to shop around has increased significantly and people are interested in a combination of factors:

  • Reduce your current interest rate.
  • Replace a deal that’s coming to an end. (Fixed, Discounted mortgages).
  • Raise cash by releasing equity in your home (Home improvements).
  • Borrow more over a longer period.
  • Consolidate your debts into lower payments.
  • Gain more flexibility in your payments (flexible mortgage options that enable you to miss payments, overpay, pay extra, or offset the mortgage against your savings).
  • Fix your payments so you’re protected against future interest rate rises.
  • Maximise an increase in the value of your home (the lower your LTV, the lower the interest rates you could be eligible for).
  • Move away from your current lender (Some lenders don’t provide remortgage options).

Some of the reasons you might not remortgage include:

  • Extending your loan period. Because a longer-term means paying more.
  • You have a low mortgage rates.
  • The cost of fees and charges involved don’t outweigh the savings. (Early Repayment Charge or exit penalties could cancel out an improved interest rate.
  • Having little equity in your home. Most lenders will be concerned if you own less than 10% of your property and want to remortgage. Instead, we’d suggest that you consider a personal or homeowner loan.
  • Your credit rating has dropped. If you’ve had credit problems since securing your mortgage, your lender will want proof that you can stay on top of the repayments. You may end up being offered a worse rate than you’re currently on.
  • Your financial situation has deteriorated. Lenders need confidence that you can make the repayments and less money coming in could make things tougher.
  • Negative equity (The property is now worth less than than the value of the asset its secured against).

There are a lot of similarities between a mortgage product transfer and remortgaging, there are also important differences to consider before deciding which option is best for you.

If you are time sensitive, a mortgage product transfer may be more suitable as there is less paperwork and, since you aren’t changing lenders, the overall process is usually quicker.

However, if your current lender is unable to offer the mortgage you want, remortgaging and switching lenders may be the better option for you.

Remortgaging may come with additional costs and not suit you or they may be more than you actually save and therefore remortgaging may not be the right decision for you. Some of the reasons you may choose remortgage over product transfer includes:

  • Lower interest rates if your home’s value has improved
  • Finding a more flexible mortgage
  • Having the facility to borrow more money
  • Extending or reducing the term of your loan or the repayment type of your loan
  • Not being limited to your existing lender’s mortgage products



How much you will get when you remortgage varies between lenders. Many lenders would consider lending up to 90% loan to value. Some lenders will limit you to 80% or 85% LTV if you are capital raising for certain reasons such as debt consolidation or home improvements. Your income must be sufficient to pass affordability on the entire mortgage.

Since you have equity built up in your property, effectively that is your ‘. It is possible to add some money from your savings to reduce the loan to value further, which could secure a better rate on a smaller remortgage, but the good news is that it’s not usually necessary.

Quite similar to mortgage – it’s a little more relaxed on documents requirement and there is no need for a deposit.

How will lenders access my current circumstance for re-mortgage?

Lenders assess remortgage applications based on the applicant’s current circumstances.

The assessment will include:

  • Credit history
  • Evidence of income
  • Outgoings (school fees, car finance, credit card balances etc)
  • Employment status (If you have recently changed jobs or type of employment, the mortgage will be assessed based on your current situation)
  • Personal circumstances (number of children).

Getting a re-mortgage with bad credit is entirely possible. Any lenders will be keen to understand:

  • the nature and severity of the adverse credit
  • how long ago it occurred
  • the value of the adverse credit event
  • whether the debt was satisfied or agreement was reached to settle the debt

Each mortgage lender applies different criteria to acceptable bad credit situations..

Many lenders will be more lenient of bad credit such as a single, low-value, satisfied default, a late payment on a mobile phone bill, or even a satisfied CCJ.

The following types of adverse credit are considered more difficult:

  • recent, multiple missed or late payments or arrears
  • unsatisfied defaults or CCJs in the last year or two
  • high value, defaults or CCJs in the past year or two, even if satisfied.
  • more severe bad credit like ex-bankruptcy, IVA or a Debt Management Plan (DMP).
  • a previous repossession
  • missed mortgage payments

We have access to specialist, adverse-friendly mortgage brokers willing to consider each case on its merits.

The mortgage term is largely affected by the age of the applicants and future retirement age, as most mortgage lender will avoid mortgage going past retirement age. The longer the mortgage term the lower monthly mortgage will be, but you will eventually pay more interest. It is possible to get a mortgage repayment up to 40 years.

There’s no limit on the amount of times you can remortgage or when.  It is important to create a plan that consider your personal scenario, mid term plans and finances.

We recommend an annual check of your mortgage to make sure you’re still happy with it. and that you’re still on the best deal for you.

There are lots of comparison sites out there and a fair few mortgage brokers to choose from, but Remortgage. Properties is unique because our systems and process will always find you the lowest rate we have available.

Right from the start we will assign someone to expertly manage your remortgage case all the way through until you have your remortgage up and running. You will be given their direct phone number and their individual email address to make sure you can get hold of them quickly and easily in case you need urgent questions answering or require other help with your remortgage.

As a completely independent mortgage broker we can find you the most competitive offers around. This could mean that you will save a meaningful amount of money each month to build-up your savings.

To save you time and money we will only show you the remortgage deals that are likely to be approved with your credit history and credit score.

We will complete your application and put all the documents together so that your remortgage case runs smoothly. We will chase-up the lender and solicitors. We realise how frustrating it can be to wait for a remortgage to go through, so we will see what can be done to keep things moving.

We will manage the remortgage process for you:

  • We will submit your remortgage application
  • Organise valuations if needed
  • Instruct your solicitors if not using one provided by the lender
  • Make sure your new mortgage is protected in case anything happens to you
  • Provide regular updates on the process of the application and the solicitor’s progress
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE.
 
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The guidance and or advice contained within this website is subject to the UK regulatory regime and therefore primarily targeted to customers in the UK. 
 
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