Remortgaging
A remortgage is when a new mortgage is arranged on an already mortgaged property, typically this will repay your current mortgage. For the majority of people their mortgage is their largest financial commitment, ensuring this is on the best possible deal will often lead to the largest savings.
In the UK we like to shop around for the best deal, Mortgage Nest will do the hard work and find the best deal available to you!
Get Advice
Submitting an enquiry form is your first step towards securing a great remortgage deal. We will assess your circumstances and establish your remortgage objectives. Remortgaging can allow you to save money on your monthly mortgage payments and reduce your mortgage term. You also have the ability to release additional funds from your property to facilitate your next major purchase. As your mortgage balance and term may change as a result of a remortgage we will always review your protection to ensure should the worst happen you and your family remain financially safe.
Apply for the Mortgage
At this stage we will search the whole of market to discuss the very best deals available to you. Lenders will often offer a free valuation and legal service meaning there are no upfront costs you have to pay upon application. Alternatively lenders may offer cash back to cover costs. At Mortgage Nest we will handle the transaction from start to finish, liaising with the lender on your behalf to ensure you receive a swift mortgage offer.
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Completion
In order for your remortgage to complete a solicitor will need to carry out legal work as a new charge will be placed on your home for the new lenders mortgage security. If you are on a variable rate with your current lender it is likely you will want your remortgage to complete as soon as possible. Typically the transaction will take between 6-8 weeks from start to finish. You may also choose for your remortgage to complete as soon as your current fixed rate ends to ensure you are always on the best possible rate.
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YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE
For insurance business we offer products from a limited panel of insurers.
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There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances. This fee is typically £395.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
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Mortgage Nest is a trading name of Mortgage Nest Ltd which is an appointed representative of Stonebridge Mortgage Solutions Ltd which is authorised and regulated by the Financial Conduct Authority. Registered Address: 30 Beaton Drive, Winchburgh, Broxburn, Scotland, EH52 6FS. Registered in Scotland. Registered Number: SC655747.
