Are you paying more than you need on your mortgage? Our advisers provide whole-of-market comparisons to help you find the best deal for your circumstances. We take the time to understand your situation, explore all available options, and guide you through the process — making re-mortgaging simple, efficient, and tailored to your needs.
This is when a homeowner switches from an existing mortgage deal to another one, either through their current lender or an alternative one, mostly to secure a better interest rate at the end of their fixed term, change mortgage terms, or release equity from their property.
You can request a re-mortgage when your current fixed rate is about to end, the interest rate has increased, or the value of your property has increased.
It’s best to review your mortgage whenever your current fixed or tracker deal comes to an end. Doing so ensures you continue to have a competitive rate and a mortgage that suits your evolving financial situation.
A re-mortgage typically takes 4 to 8 weeks, depending on factors such as the lender’s processing time, property valuation requirements, and the complexity of the legal work involved.
Yes — even if you already own your property, a solicitor or conveyancer is required. This is because re-mortgaging involves legal work to ensure the new mortgage is properly registered and your interests are fully protected. In most cases, the lender will cover these legal fees, making the process smoother and more cost-effective.
You can re-mortgage for the following reasons:
To get better interest rates
To reduce monthly payments
To change your mortgage term
To release equity from your home
To switch to a mortgage that suits your situation better
This lets you release equity from your property and use the funds to consolidate any existing debt you have, including credit cards or loans, to reduce your overall outgoings.
If you’ve found it challenging to secure a fair mortgage deal, we provide personalised guidance tailored to your circumstances. Our approach helps you access the most suitable mortgage options efficiently — minimising delays and ensuring your application is presented in the strongest possible way.
A Specialist mortgage broker who go above and beyond expectations, recommending the most suitable mortgage solution tailored to you.
we typically charge a fee for arranging a mortgage. The actual fee will be dependent on your overall circumstances, however a typical fee would be £595
Your property may be repossessed if you do not keep up repayments on your mortgage
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James Wong Mortgages is a trading style of James Ling Wong, who is an Appointed Representative of Stonebridge Mortgage Solutions Ltd which is authorised and regulated by the Financial Conduct Authority.