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Remortgaging involves switching your current mortgage to a new mortgage deal. This can be done direct with your existing lender or via a Mortgage Broker. If you switch your mortgage with your current lender, and remain with that lender, this is known as a Product Transfer. If you move to another lender, that may offer a better remortgage deal, then this is what we generally refer to as a remortgage. The Mortgage Broker can compare the best remortgage rates available in the market for you.

Factually speaking, if you go direct to your current mortgage lender, or any other lender for the matter, they can only offer you the products that they have. You should go to a Mortgage Broker to remortgage as you can get access to thousands of products, and search the market for the best rates available to you.

The Mortgage Broker has access to over 130 Mortgage Lenders and therefore, 25,000+ Mortgage Rates.

Not without checking the market. No.

A mortgage broker can search and compare available remortgage rates across the market. If your current lender is offering you the best deal, then your broker will just tell you that, and you can continue. However, you should absolutely search the market for the best remortgage rates, and compare all the options. The Mortgage Broker can lock in any rate for you without any commitment, and if a better one becomes available, then no problem, we can simply change it.

How to remortgage is a common question. And the answer really is simply. You can either go direct to your current lender and see if they can switch you to a better deal, or let a mortgage broker do the work for you and search the market for the best rate and hopefully reduce your monthly payments, or increase the amount you borrow should you want access to cash.

Get Your Options Today. No Impact on Credit Score.

Over 8.38m people have had bad credit in the last 3 years. Please do not worry. Our team are on hand to quickly search the market, access all lenders from high street to specialist and will ensure you get the best rate possible for your remortgage. The following are all fine:

• Missed or late payments on ANY credit agreement
• Defaults
• Debt Management Plans (DMP)
• Discharged Bankruptcy
• CCJ’s
• Individual Voluntary Arrangements (IVA)

Can you remortgage early is a common question. The answer is Yes, you can remortgage early. 
Whether you want to or not, depends on your individual mortgage circumstances and timing is important. Most lenders allow you to start looking around 3 to 6 months before your current deal ends. Remortgaging early may involve early repayment charges (ERCs) but if the new rate is worth it, it may be worth considering to make a saving overall.

A mortgage can be switched pretty quickly. Typically though, a remortgage can take anywhere between 2 to 8 weeks. If you are looking in advanced of your rate increasing (possible up to 6 months before) then your mortgage broker can lock in a rate, and monitor the market right up until your remortgage date to check for the best deals.

It also depends on your lender, property type and complexity of your income and requirements. The Mortgage Broker will keep everything moving smoothly and update you every step of the way.

If you default on a credit card or bank loan this will show on your credit file and cause your credit score to be negatively affected.

County Court Judgments are a result of legal action against you for an unpaid debt and represent a serious negative mark on your credit file

An Individual Voluntary Arrangement is a formal agreement with a creditor to repay a debt and this will affect your credit score.

A Debt Management Plan is a more informal arrangement to repay a debt over time. Although not a legally binding agreement, it may affect your ability to obtain more credit.

Becoming bankrupt is a way to clear some or all of your debts but although it may offer financial relief it is not without consequences and it will show on your credit file making it difficult to get credit or a mortgage.

Don’t worry, this can sometimes happen!

We have helped many customers overcome a declined mortgage application. On occasion, it may actually be in your best interests to try a lender with a lower rate, even though a risk of being declined.  Whatever the reason, we will advise you all the way through, and maintain our support until you get the result you need and we will always have your credit score and finances protected.

Nothing. All our initial advice and access to rates, is free. No matter how many times we speak.

We do charge a fee at The Mortgage Broker, if we go ahead and get your mortgage done for you after that. We do not shy away from our fee structure as we are specialists in what we do and we will save you money. We are already below average in our price, but we spend a lot of time on your case and circumstances, and we know the market inside out, which takes a lot of time and research.

Our service leaves no stone unturned, you get advice from start to finish and you will get a more cost-effective outcome. You also get access to 24/7 Mortgage monitoring, protection specialists and general insurance specialists, which are compulsory products by Mortgage Lenders.

No, is the simple answer. And you may lose out on a better rate that you can’t access yourself.

A broker fee may be applicable, but you will save in money in the long run by getting the right product and advice. Our fee also covers all specialist across protection and insurance. Home insurance is mandatory for a mortgage to complete.

6 months – typically.

You can get mortgage ready before searching for the right home or investment.

Yes. That’s why we are here.

We partner with over 130 lenders, which totals over 25,000 mortgage options. Our service includes specialists across all types of complexities and circumstances. And when it comes to bad credit – please don’t worry. 8.38 million people have missed a bad credit, defaults or debt management plans. Its very normal and we have an extremely empathetic team to help you.

Yes. It makes you a more serious buyer and makes you more competitive in landing the right home.

We only offer advice via real people, with hands on knowledge, who will advise you on your bespoke circumstances.

You get dedicated support from start to finish from a dedicated adviser and our admin support service.