Remortgage

We’ll find the right remortgage deal for you in just a few simple steps

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Are you wanting to release equity to do a renovation, or simply get a better rate? Whatever change is on the way for you and your family, our team is here to support you, always.

There are many factors involved in getting a new mortgage and the process may seem complex, but don’t worry we don’t expect you to know everything.  We are here to explain everything for you and walk you through the process from start to finish, doing most of the work for you to make remortgaging your home as straightforward as possible. Here at Breeze, we work with you to get a full understanding of your unique circumstances and then use this information to search the whole of the mortgage market, to find the best mortgage for you. 

“You may have to pay an early repayment charge to your existing lender if you remortgage”

Apply online now or get in touch for a friendly chat with an expert.

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How much can I borrow?

How much will my mortgage cost?

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Remortgage guide:

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1. Getting started

Complete your information using our online form or call us on 01225 258900 to begin your remortgage journey
wage slip

2. Gather your documents

Make sure you get all your personal and financial paperwork together beforehand – it will be key for your mortgage application.

The type of documents required vary for each application, but usually underwriters would ask for 3 months payslips as well as 3 months bank statements. If you have these readily available from the outset, it will help us process your application.

Breeze Top Tip:

Making sure your current address is up to date and correct on your payslip, bank statements and driving license will help the lender correctly identify you and reduce additional document requests.

remortgage

3. Choosing the right mortgage for you

There are many mortgage options out there to choose from, but here at Breeze we will work with you to understand your unique circumstances so we can advise you on the best option that will be tailor fitted for your needs.

If you approach your current bank for advice on mortgage deals, they’re likely to only suggest their own rates. At Breeze Mortgages however, will compare offers from across the market – always looking to find the best possible deal for you.

saving money

4. What are the costs involved?

There are usually some costs involved when switching your mortgage to a new lender. These include an arrangement fee paid to your new lender for setting up the mortgage, as well as potential valuation and legal fees. You may have to pay an exit fee for leaving your current lender.

Certain fees can be added to your mortgage balance, but remember that you’ll be paying interest on them if you do. If paying them up front, make sure you have budgeted for them.

Fortunately, many remortgage deals now have low or sometimes no set up costs – as part of our advised service, we always check that any new deal is worthwhile based on the interest rate, any fees involved and overall cost for the term of the mortgage.

Based on your incomings and outgoings, we can help you calculate what you can spare each month towards mortgage repayments.

Breeze Top Tip:

Whilst it may be tempting to stretch out your mortgage term to the longest possible number of years to reduce your payments, the longer your mortgage term is, the more interest you will have to pay over time. Shortening the mortgage term by even a couple of years could save you thousands of pounds in interest over the term.

remortgage application

5. The best deal

We will then share our recommendation with you for the right mortgage to suit you and your family’s needs. This sets out all you need to know about the mortgage, what the monthly costs are and what fees are involved.

mortgage application

6. Agreement in principle

After we have helped you find the right mortgage, we will make an application to the lender. At this stage, we will obtain an agreement in principle from them (this is when a formal credit search will be completed).

mortgage applicaiton form

7. Submitting your full mortgage application

We can then submit your application on your behalf – we can take the information from you over the phone, saving you the hassle of lengthy application forms. We will also then send any necessary supporting documentation to allow the underwriter to assess your case. Your new lender will be assessing both you and the property (by way of a valuation) before issuing a formal mortgage offer. We will liaise with the lender during this time to make the process as smooth as we can for you.

8. A mortgage offer is made!

Once your mortgage offer has been issued you should double check the information the lender sends you and make sure everything is as expected before you complete. If you’re unsure of anything, please contact one of our friendly experts to help you.

There’s also the legal work to be done – lenders will often appoint their own solicitors or conveyancers for a remortgage but if you need to appoint one, we can recommend one for you. The solicitor will arrange the completion of your new mortgage product, usually when an early repayment charge ends.

Let's get you started on your mortgage journey today.

See the deals you qualify for & how much you could borrow by either calling us or completing our online enquiry form.
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