Remortgaging doesn't have to be complicated. Once you've chosen the right mortgage, the process is usually straightforward. In this chapter, we'll walk you through each stage, from your initial appointment to your new mortgage going live, so you know exactly what to expect.
By the end of this chapter you’ll understand:
✓ What happens during a remortgage appointment
✓ The steps involved in securing your new mortgage
✓ What documents you may need to provide
✓ How valuations and solicitors fit into the process
✓ What happens on completion day
Estimated Reading Time: 8 minutes
One of the biggest concerns homeowners have is not knowing what happens once they decide to remortgage. The good news is that, with the right advice, the process is usually much simpler than people expect.
Here’s what your remortgage journey will typically look like:
Step 1 – Your Initial Appointment
Your adviser will take the time to understand your current mortgage, your financial circumstances and what you’re hoping to achieve.
This could include:
We’ll also explain your options and recommend the mortgage that best suits your needs.
Step 2 – Securing Your Mortgage
Once you’re happy to proceed, we’ll submit your application and secure your chosen mortgage.
Many lenders allow you to secure a new mortgage several months before your current deal ends, giving you peace of mind while protecting you from potential interest rate increases.
Step 3 – Providing Your Documents
Depending on your circumstances, your lender may ask for documents such as:
If anything is required, we’ll let you know exactly what you need and guide you through every step.
Once your application has been submitted, there are just a few more steps before your new mortgage starts.
Mortgage Valuation
Your lender may carry out a valuation of your property to confirm its current value. In many cases, this is completed remotely without anyone needing to visit your home.
Legal Work
If you’re moving your mortgage to a new lender, a solicitor or conveyancer will usually handle the legal work. Many lenders provide this service free of charge as part of the remortgage process. If you’re completing a Product Transfer with your existing lender, legal work is often not required.
Mortgage Offer
Once your lender is happy with your application, they’ll issue your formal Mortgage Offer. We’ll review everything with you and answer any final questions before completion.
Completion Day
On the agreed completion date, your new mortgage replaces your existing one. If you’re changing lenders, your solicitor will arrange for your old mortgage to be repaid and your new mortgage to begin.
From this point onwards, you’ll simply make your monthly payments under your new mortgage deal.Throughout the entire process, your adviser will keep you updated so you’re never left wondering what happens next.
A smooth remortgage starts with good preparation.
One of the reasons our customers tell us the process feels so straightforward is because we do as much of the work as possible before submitting your application.
By checking your documents early, keeping you updated and working closely with your lender, we aim to make your remortgage as smooth and stress-free as possible.
Waiting until your current mortgage has almost ended before starting the application.
Many homeowners underestimate how long a remortgage can take. While many applications complete quickly, delays can happen if additional documents are needed or your lender experiences high demand.
✓ What happens during a remortgage appointment
✓ The steps involved in securing your new mortgage
✓ What documents you may need to provide
✓ How valuations and solicitors fit into the process
✓ What happens on completion day
Next Chapter →
Borrowing More & Changes in Circumstances
In the next chapter, we’ll look through how your circumstances can affect a remortgage and why speaking to us early can make planning easier.
