How to Remortgage

The remortgage process is similar to the mortgage process but it often takes less time. It can take around four to six weeks to remortgage your home unless you request that the lender speeds up the process.

The mortgage lender will require a surveyor's valuation report on your property. Very often your new lender will pay some of the costs incurred to change your mortgage to them.

Starting the process online is one of the quickest ways of getting a remortgage. Before you finalise any deals it might be a good idea to complete our free no-obligation mortgage enquiry form to discover which remortgages are available.

Remortgage with Adverse Credit

Ok, so you need a mortgage because you don't want to rent and you want to get onto the property ladder, but lenders are turning you down because you have an adverse credit history.

Even if you made a minor mistake in the past such as a late debt payment, you might be turned down by a mainstream or high street mortgage lender.

So what do you do?
If high street lenders are turning you down you can go to sub-prime lenders who specialise in assisting clients with adverse credit history. However you may be able to get a mortgage with a high street lender if you have an expert on your side with good experience and knowledge of the mortgage market.

If you have an adverse credit history, sadly you will probably have to pay higher interest rates on a mortgage, because you are considered higher risk by the mortgage lender. But you've got to ask yourself what is most important; having a mortgage and paying high interest rates, or not having a mortgage and waiting for your credit history to improve over time.

For more information on remortgaging with credit difficulties, we suggest you read our adverse credit remortgage page.