Residential Remortgage
Looking to remortgage?
Remortgage with CrowNEST Mortgages; we make the process straightforward. There are many reasons you may be looking to remortgage. Whatever your motivation, we support you from your first enquiry to successful completion.
Your current mortgage is coming to an end: Fixed-rate, tracker, or discount mortgages typically have a term of two to five years before reverting to the lender’s standard variable rate (SVR), which can be much higher and could cost you thousands over time. To avoid being transferred to the SVR, we research cost-effective mortgage deals up to six months before your current deal ends.
Switch to a more favourable rate: Switching to a different mortgage provider or product may involve paying exit fees or early repayment charges on your outstanding loan. However, these charges may be worth it if you make significant savings by switching. Let us take a look for you.
Borrow money on your mortgage: You may want to fund renovations, pay for an extension, or consolidate existing debts. Our team can discuss the options to find a solution that meets your immediate and long-term needs.
Whatever the reason, we can help you work through your options and understand the next steps.
Check out our guide, Remortgaging: A Customer’s Guide.
Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
FAQs
What is a remortgage?
Remortgaging means switching your existing mortgage to a new deal, either with your current lender or a different one. It can help you get a better interest rate, release equity, or change your mortgage terms. Essentially, you’re replacing your old mortgage with a new one.
When should I start my remortgage?
We like to start speaking to our clients around 6 months before their current deal ends.
Starting early gives you more time to compare your options and protects you if interest rates increase. If rates fall before your new deal starts, we may also be able to review your application and switch you to a better rate where appropriate.
How long does a remortgage take?
A product transfer (moving to another deal with the same lender) happens almost instantly, and the offer is usually in place within 48 hours.
A full remortgage with a new lender usually takes around 4-8 weeks from start to completion.
Do you need a solicitor to remortgage?
If you are moving to a new rate with your existing lender, no solicitor is required. Otherwise, yes, a remortgage with a different lender will require you to have a solicitor or conveyancer to handle the legal side.
Contact us
Contact us today for all your mortgage needs
Ready to take the next step?
Schedule a free, no-obligation chat to discuss your plans and explore what is possible, with no pressure to proceed.
Office: 01274 265571
alfie@crownestmortgages.co.uk
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