A re-mortgage, also known as refinancing is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security.
You may choose to remortgage for various reasons, including to reduce the size of repayments, to pay off a mortgage earlier, to secure a more favorable interest rate from a different lender, to raise capital, or to consolidate other debts.
Having this in mind, we aim to complete your re-mortgage of a freehold property within ten working days after receiving a satisfactory mortgage offer from your new lender. Re-mortgaging of a leasehold property takes a bit longer, yet we aim to still complete your re-mortgage as quickly as possible.
If you are thinking to re-mortgage your property, please call us and we would be happy to outline the ways in which we can help and the steps taken to proceed the transaction.