Cashback Remortgages · Remortgaging
The Remortgage Process
Remortgaging to a new lender follows a clear path. Starting early means you can switch as your current deal ends rather than drifting onto a higher rate.
The main stages
Check your current deal-end date and any early repayment charge, compare options across the market, apply, then let the lender value the property and carry out legal work. Completion switches your mortgage to the new lender.
Because you already own the home, remortgaging is often simpler than a purchase.
Start early
Many lenders let you secure a new deal a few months ahead, so begin before your current rate ends. Free advice can compare your existing lender's transfer offer against the wider market.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.