Remortgaging

A remortgage is when you move the mortgage from one lender to another to get a better deal. Your new mortgage will then replace your old one.

There are many reasons why remortgaging could make sense for you, but the main two are.

• To get a better mortgage deal with a new lender, normally when your current deal expires
• To borrow additional funds

Just as you did when you took out your initial mortgage, it’s crucial to re-evaluate your circumstances again and consider all your options. This will ensure you’ve always got the best possible mortgage that is right for you

Our mortgage advisors will help you understand how remortgaging works and ensure the process is as smooth and straightforward.
There are literally thousands of remortgage products out there. And even when you’re armed with all the facts, it can be tough to find one that is right for your needs.
When you apply through Relevare, we ensure the remortgage process is as stress-free as possible. Our advisors are not restricted to any particular providers and will act solely in your best interests. Therefore, you can be confident that the products recommended will be right for your circumstances.
Once we have gathered all relevant information from you, we will search our extensive mortgage lender platform to offer you the right mortgage and protection products. We will clearly explain the products on offer and why we feel they are right for you.

Every unsuccessful remortgage application may harm your chances of success as each refusal will appear on your credit record.
Using one of our mortgage and protection advisors will maximise your chances of being accepted the first time around.

Once we have garnered all the relevant information from you, we will search our extensive mortgage lender platform to offer you the right mortgage and protection products. We will clearly explain the products that are on offer and why we feel they are right for you.

Every unsuccessful mortgage application may harm your chances of success as each refusal will appear on your credit record. Using one of our mortgage and protection advisors will maximise your chances of being accepted the first time around.

Going to your existing bank or building society means you’ll only be offered its
products, but you really want to get the best deal from across the market.
That’s where our mortgage advisor can help.
As mortgages are such a significant transaction, getting professional
help is very advantageous.
Our advisor will source relevant products that fit your credit history, offer an extra layer of protection if things go wrong, and carry more clout with lenders to ease acceptance on otherwise unobtainable mortgages.

With many fantastic and market-leading rates available, our mortgage and protection advisors will listen attentively to requirements, ensuring we are on hand to get you the best possible mortgage to suit your situation.

Before you find your ideal home, we will:

● Check your borrowing potential
● Inform you of likely repayment figures
● Review any incentives available from lenders
● Source the right lender and available rates
● Advise what documents the lenders are likely to require

Yes, Lenders will usually want to see three years of accounts history. However, a selection of lenders will lend against your last year’s income. You may also be able to use your company’s net profit instead of using salary and dividends payments.

There are several very competitive mortgage options available if you are self-employed. Our Mortgage and protection advisors are on hand to guide you through all the available options and provide advice on the specific documents the mortgage lender may request.

Stamp Duty Land Tax is not payable unless there is a need to transfer the legal title of your home as part of the remortgage transaction.