Remortgaging

Helping you make the right move.

Same day enquiry

We’re here between 9am and 8pm Monday to Thursday and 9am to 7pm on Friday. If you contact us by 2pm we guarantee to get back to you the same day. If it’s after 2pm, we can’t promise we’ll be able to reply on the same day, but we’ll do our very best.

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You should think carefully before choosing to use a secured loan to repay credit which is unsecured, because with a secured loan your home may be at risk if you do not maintain the repayments.  In addition, when using a loan to consolidate other debts you may increase the total amount owed.

Struggling to remortgage your current property? Need to raise extra funds to consolidate debts or improve your home? We’re all ears.

We think looking at your individual situation, combined with our common-sense approach to lending, makes better sense for everyone.

Ready to remortgage?

Remortgaging sounds really simple, but often it’s anything but. Especially if you have a less than perfect credit history or your property’s considered a non-standard construction. This can mean anything from a steel-framed property to one without a roof! Our approach caters for hurdles like these, and we consider your individual circumstances, not just your credit profile. So even if you’ve had previous problems, you could still remortgage with us.

 

We’ll consider remortgages for:
  • ex-council houses, flats and maisonettes
  • high-rise properties (yes, even ones above 6 floors)
  • properties with poor valuations (when the property is in a less than perfect condition)
  • non-standard constructions (when the property you want is a little out of the ordinary)
  • normal brick-built houses, flats and maisonettes.

 

Key features
  • Loans from £3,000 to £1,000,000
  • Up to 70% LTV (loan to value)
  • CCJs and Defaults accepted (up to 60% LTV)
  • Variable rates from 6.37%
  • 5-year fixed rates available from 7.12%
  • Interest-only repayment options available

 

With added value

You’ll find the same rates remortgaging through us as you will for our standard mortgages. And to help make things more affordable, we offer a 5-year fixed-rate option. Also, we don't hit you with early repayment charges if you want to pay off your mortgage early. And that’s even on fixed-rate mortgages.

Overall cost for comparison

For example: A loan of £100,000 payable over 7 years on our variable rate for the loan term of 7 years at our current rate of 6.37% (variable) would require 84 monthly payments of £1,552.59 plus a redemption administration fee of £150.00.

The total amount payable would be £130,567.63 made up of the loan amount plus interest on the loan (£24,207.27), processing fee (£2,500.00) and arrangement fee (£2,500.00) plus interest on these fees (£1,210.36) and the redemption administration fee (£150.00).

The overall cost for comparison is 8.2% APRC representative. 

The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.

7 steps to getting a remortgage
When you apply for a mortgage with us, one of our qualified mortgage advisers will guide you through each step of the process:
  1. We’ll make sure we understand your circumstances fully before recommending a suitable mortgage. If you’re happy, you’ll receive a ‘mortgage illustration’ providing all the relevant details about the product you’re applying for.
  2. Our mortgage advisers will take you through the full application process. We’ll tell you exactly what you need to do, and when, including sending us supporting documentation. For example, proof of income in the form of wage slips or your accounts.
  3. When we have everything we need, we’ll assess your application and supporting information.
  4. Then a surveyor will visit the property to ensure it’s mortgage-worthy.
  5. If it is, we’ll make you a mortgage offer, which means we’ve accepted your mortgage application.
  6. Our advisers will tell you what’s happening at each stage and, importantly, you’ll have their contact details if you want to get in touch.
  7. Completion is the date we’ll transfer the mortgage funds to pay off your existing mortgage. You’ll also be able to access any additional funds. If you’re using funds to consolidate debts, we’ll send them directly to your creditors where possible.

 

Our lending criteria
  • Maximum LTV (loan to value) – 70%
  • Maximum loan – £1,000,000
  • Variable rate terms – 3 to 30 years
  • Fixed rate terms – 5 years then variable rates
  • Maximum age – 80 years at end of term
  • Credit profile – CCJs and Defaults accepted (even in the last 12 months) 
  • Income types – employed, self-employed, temporary/zero-hour contracts, DWP benefits, pension
  • We consider all property types – non-standard construction, ex-council, and high-rise over 6 floors (must be >40% residential use)
  • We accept applicants with debt management plans completed more than two years ago. We can’t accept applicants currently in debt management plans.

You should think carefully before choosing to use a secured loan to repay credit which is unsecured, because with a secured loan your home may be at risk if you do not maintain the repayments.  In addition, when using a loan to consolidate other debts you may increase the total amount owed.

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