What is a remortgage?
Remortgaging happens when you change the mortgage you currently have on your property, either by switching it to a new lender or by moving to a different deal with your existing lender. It can be a good way to find lower interest rates and better mortgage terms.
Benefits of Remortgaging
Reduce your monthly repayments by securing a better rate.
Access funds for renovations, investments, or debt consolidation.
Adjust your mortgage length or repayment structure to suit your needs.
Secure a new deal before your current mortgage reverts to a higher rate.
When Should You Consider Remortgaging?
Avoid moving to a higher SVR by switching to a better deal.
A higher valuation could qualify you for lower interest rates.
Switch to a more flexible mortgage that fits your financial goals.
Free up funds by combining existing loans into your mortgage.
How the Remortgaging Process Works
Check your interest rate, outstanding balance, and any early repayment charges.
This helps determine your loan-to-value (LTV) ratio and potential new deals.
Our advisors find the best options from a wide range of lenders.
Submit the application and provide necessary documents.
Your new lender completes checks and arranges the switch.
Once approved, your new mortgage replaces the old one.
Why Choose Cornerstone Finance?
- Expert Mortgage Advisors: We guide you through every step, ensuring a smooth transition.
- Independent, Whole of market brokers: We compare deals from a vast network to secure the best rates.
- Personalised Solutions: We tailor mortgage options to your specific needs and goals.
- Hassle-Free Process: We handle the paperwork, making remortgaging stress-free for you.
