Remortgage Your Property

There are lots of reasons why you may want to remortgage your property, from saving money on your mortgage payments to freeing up cash to pay for home improvements.

And our remortgage advisors are here to make the process easy for you and support you every step of the way. So if you’re looking for remortgage advice contact us today!

How does remortgaging work?

Remortgaging is when you move the mortgage on your current home from one lender to another and take out a new deal. If you take out a new mortgage deal with your current lender, this is called a product transfer.

We have access to over 90 lenders and 12,000 mortgages, and have access to exclusive broker-only products too. And we’re here to make remortgaging easy – so if you’re looking for remortgage advice, contact us today to find out how we can help you.

Why would you want to remortgage?

There are lots of reasons why people remortgage, including:

By switching onto a cheaper deal you’ll pay less on your mortgage each month. However you should check if there are any fees to pay if you remortgage your house. But don’t worry about doing that yourself, that’s what we’re here for! Plus, we have access to over 90 lenders and 12,000 mortgages to find the right remortgage deal for you too. So for remortgage advice, contact us today!

Want to extend your home or get a new kitchen? Then did you know you may be able to fund the project by remortgaging and releasing equity from your home? You’ll need to tick boxes like having enough equity in your home and being able to afford the repayments. Why not call our expert remortgage advisors to find out more?

If you have debts like loans, did you know you could pay these off by remortgaging and releasing equity and using the cash to clear what you owe? Our expert advisors will explain how it works – so contact us today.

If you aren’t looking to spruce up your own home, remortgaging offers a possibility of investing in Buy-To-Let property ventures. A buy-to-let remortgage is an astute way to free up capital for deposits and other important fees. However, it is important to remember that becoming a landlord is a much more complicated process that just having the money for the initial investment, and there are significant risks involved. For more information, and special buy to let remortgage deals, contact The Mortgage Factory today!

And if you already own a buy to let property we can help you if you’re looking for a new mortgage deal. So give us a call and we can find the right buy to let remortgage deals for you too!

If you are aged 55 or above, you can access policies that allow you to remortgage your house via equity release. Generally in the form of a cash lump sum, a remortgage loan can be crucial to important one-off purchases, such as vehicle or debt payments. For more information visit our dedicated page for equity release.

A product transfer is when you take out a new deal with the same lender. It’s usually a quicker process than when you remortgage a house but you won’t have the same wide choice of lenders to choose from so it’s a good idea to explore all your options. By getting remortgage advice from The Mortgage Factory you’ll be fully informed about whether staying with your current lender or switching to a new one is right for you.

What is the criteria for remortgaging?

Just because you have a mortgage already doesn’t mean your remortgage loan application will automatically be accepted by a new lender. The lender will make a decision based on a number of factors, including:

Your Income

Lenders want to know you can afford the repayments so they’ll look at your income when you apply.

To find out how the size of remortgage loan you could borrow on your income, contact us today!

Your Credit Score

Lenders will also check your credit reports. But if your credit history isn’t brilliant don’t assume it means you can’t remortgage your house. Give us a call and one of our remortgage advisors will chat it through with you. It may be the case it doesn’t cause any problems or it might be that it’s better to improve your credit rating before applying for a mortgage.

Your Loan To Value Ratio (LTV)

Loan to value ratio is a way of measuring the amount of money you want to borrow compared to value of your house. And the lower your remortgage loan to value, the more deals you’ll usually get access to. And you may get access to better rates too. If this sounds complicated don’t worry! We can help you work out your LTV, so why not give us a call today?

Advice for Remortgaging

However before you remortgage your house there are some things to think about. For instance:

What type of mortgage do you want?

When you remortgage a house it’s important to know what type of mortgage you want. Do you want a fixed-rate mortgage so you’ll know how much your repayments will be each month? Or would you prefer a variable rate mortgage? If you’re not sure how to decide which is right for you, don’t panic! We’re here to help you every step of the way and will explain everything to you in a way that’s easy to understand.

Check Any Fees

It’s vital you check any fees you’ll need to pay to leave your current mortgage such as an early repayment charge because these can be hefty. Again, this is where our expert advisors can help. They’ll run through the numbers for you so you can make an informed decision.

Think Twice Before Remortgaging To Pay Off Debts

If you have debts you may consider using some of the equity in your home to pay off what you owe. But if you do this it can mean paying more in interest in the long term. So think carefully and consider taking independent financial advice!

Our impartial remortgage advice isn’t plucked off the assembly line, it’s completely tailor-made for your situation. Get in touch today and The Mortgage Factory can help you decide whether remortgaging is the right move for you!

If you remortgage, you may have to pay an early repayment charge to your existing lender.

There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances, with the fee being up to 1% but a typical fee is £495.

Your home may be repossessed if you do not keep up the repayments on your mortgage.

What makes us different?


Peter & Frances
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“We would just like to say THANK YOU to you all at The Poulton Branch in helping us to obtain a remortgage. Special thanks goes to Marc Bennett, who was very helpful and extremely patient during the process. Marc was an absolute star, providing us with constant updates and much appreciated professional advice. We are eternally grateful for what you managed to accomplish on our behalf, we are delighted!”
Amanda & Nolan
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“Thanks so much for all the help and support you provided during our recent house move, Sam and team! In the period of stress and uncertainty, The Mortgage Factory shone out as being consistently helpful and professional. The help, guidance and direction is so very much appreciated. Thanks again.”
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“I just want to sat a huge thank you for helping me purchase my second property. I know it was tricky at times, and you invested a lot of your time into making sure things progressed Professional and friendly, as always.”
Chris & Kiera
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“Sam, and everyone at The Mortgage Factory. Thanks so much for helping us to buy our first house. You went above and beyond, and we really appreciate all of your hard work.”
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“I just want to say thank you for everything you have done in helping me buy my first home. You made the process stress-free, and I couldn’t be happier!”

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