Remortgaging is simply switching your existing mortgage to a new deal, using the same property as security. It can be with your current lender or a new one — whichever suits your circumstances best.
When you contact us, you'll be put straight through to a dedicated remortgage adviser who will guide you through the full process, whatever your reason for switching.
"We will never charge you a penny for our service — we're 100% Fee-Free Mortgage Brokers."
The ideal time to begin is 3–6 months before your current fixed or tracker deal expires — before you fall onto your lender's Standard Variable Rate (SVR). A typical application takes 4–6 weeks to complete.
Explore each topic in detail — from choosing your mortgage type to understanding costs and government schemes.
From saving on your rate to funding home improvements — a detailed look at each reason and what you need to know.
It is vital to consider both the interest rate and all associated fees when calculating the true cost of switching to a new deal.
Before going straight to your existing lender, understand what you could be missing out on.
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A first time buyer is someone who has never owned property anywhere in the world. If you're buying jointly, both applicants must never have owned property to qualify for full first time buyer benefits, including Stamp Duty relief. Your status is verified by the lender through a credit file search and confirmed by your solicitor during the conveyancing process.
The minimum deposit accepted by most lenders is 5% of the property purchase price, which gives you a 95% loan-to-value (LTV) ratio. The more you can save, the better — a 10% deposit opens up more lenders, and a 20% deposit or more gives you access to the most competitive rates on the market. There are also newer schemes that allow deposits as low as £5,000 on a 99% LTV mortgage for eligible buyers.
Yeah, both are possible, though the options available will differ from a standard application. Self-employed buyers typically need two years of accounts or SA302s, though some lenders accept one year. For adverse credit, specialist lenders outside the high street work with applicants who have missed payments, defaults, or CCJs. In both cases, an experienced broker makes a significant difference in finding the right lender for your circumstances.
An Agreement in Principle (also called a Mortgage in Principle or Decision in Principle) is a confirmation from a lender that they are willing to lend you a specific amount, based on a credit check and the financial information provided. It is not a guarantee, but it puts you in a much stronger position when making offers on properties, as estate agents and sellers take it as proof you are a credible, mortgage-ready buyer.