Remortgaging your property: know your options

What to consider when remortgaging

If you are looking to remortgage then there are a variety of things to consider.

  • It may be that you are simply looking for a ‘pound for pound’ remortgage option i.e. just swapping your current rate for a new one and not looking to increase/decrease your mortgage amount.
  • It may be that you are looking to borrow more to purchase something new, complete some works to your property, consolidate some debt, raise a deposit for a new property/help a child raise a deposit for a new home, etc.
  • It may be that you are looking to reduce the level of borrowing by paying some of your mortgages off at the same time as looking to remortgage.

Choosing the right mortgage

For any, and all, of the above scenarios it is always important to consider the options available to you in the mortgage market and to find the very best option that fits with your circumstances and what you are looking to achieve. With the number of mortgages (literally thousands) available and the range of lender criteria, it can be a daunting task and one that can be very time-consuming.

Finding a suitable mortgage lender

It may be that you need to find a lender that will agree to the additional lending and will, based on affordability, allow you this additional lending where other lenders won’t.

Changing circumstances and your credit rating

It may be that you have changed jobs, had a change in personal circumstances (new child, married, separated, divorced..), or your credit may have been impaired during your current mortgage, and these can all potentially affect the amount of borrowing available, or may impact your plans and need some help identifying the best options available for your specific circumstances.

Get useful advice and know your options

A good mortgage broker will be able to assist and navigate through ALL the available options in the market to confirm what the best options would be specific to you and your circumstances. They will also ensure that any applications submitted are done so in a timely fashion, manage the entire process from start to finish and keep you fully informed at all times allowing you to sit back and focus on what is important to you during the entire remortgage process.


Speak to an advisor today to discover your options:

01242 696 235

01452 223925

How much can I borrow?
How does critical illness insurance cover work?

How does critical illness insurance cover work?

The policyholder can use the benefit to pay for medical expenses, make up for lost income, or cover other costs associated with the illness; even pay off all or some of a mortgage, it’s up to you.     The terms of the policy, including the specific illnesses covered,...

Why bother taking out life insurance?

Why bother taking out life insurance?

To provide financial security for loved ones: Life insurance can provide a financial safety net for your loved ones in the event of your death, helping them to maintain their standard of living and pay for expenses such as funeral costs and outstanding debts.    To...

5 reasons you need a mortgage broker in 2023

5 reasons you need a mortgage broker in 2023

Access to a wide range of mortgage products: Mortgage brokers have access to a wide range of mortgage products from different lenders, which can increase the chances of finding a suitable mortgage for your specific needs.    Expert advice: A mortgage broker has the...