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At Deedle Finance, our goal is to connect you with the most competitive mortgage rates available on the market. Our team of expert advisors is dedicated to meeting your distinct requirements and working around your unique budget. Use our quick form for a free quote.

Our mortgage advisors will get you the best remortgaging deal at absolutely no charge. We specialise in connecting you with lenders, and we search through thousands of products to find the best deals for you. Apply now for free!


Begin Your Remortgage Journey Today

How To Remortgage Your House

Step 1
Complete Deedle's Form
Enter key details on our online form including your name, contact information and requirements.
Step 2
Get A Callback
Once you submit your quick online form, our expert advisors will reach out to offer comprehensive guidance throughout the whole process.
Step 3
Check If You Qualify
Our advisors will ask you for some basic pieces of information to get to know you a bit better. This is to assess your borrowing capacity and find the best interest rates for you.
Step 4
Receive Your Loan
Once we have found the perfect remortgaging deal for you, we will submit an application to that lender and get your loan to you ASAP!

What Is a Remortgage?

A remortgage refers to the process of switching your existing mortgage to a new one, typically with a different lender. It involves paying off your current mortgage with the proceeds from the new mortgage.

Remortgaging is often done to:

  • Take advantage of better interest rates
  • Access additional funds
  • Change mortgage terms to better suit your financial goals

Why Should I Consider Remortgaging?

The reasons you might consider a remortgage include:

  • Securing a lower interest rate: If interest rates have decreased since you obtained your current mortgage, remortgaging could help you access a better interest rate and potentially reduce your monthly payments.
  • Releasing equity: Remortgaging allows you to release equity in your property, giving you access to funds for home improvements, debt consolidation, or other financial needs.
  • Changing mortgage terms: Remortgaging provides an opportunity to modify the duration of your mortgage term, switch between fixed and variable interest rates, or adjust other terms to better align with your current circumstances.

What Are the Advantages of Remortgaging?

  • Lower Interest Rates: If interest rates have decreased since you first took out your original mortgage, you may be able to get a new loan with a lower interest rate.
  • Lower Monthly Payments: By obtaining a new mortgage with a longer repayment term or a lower interest rate, you can lower your monthly mortgage payments.
  • Debt Consolidation: Remortgaging can provide an opportunity to consolidate high-interest debts, such as credit card balances or personal loans, into your mortgage.
  • Flexible Mortgage Features: When refinancing, you can choose a mortgage with features that align better with your needs.

What Are the Disadvantages of Remortgaging?

  • Closing Costs: Remortgaging typically involves various fees and closing costs.
  • Extended Repayment Period: If you choose to extend your mortgage term to reduce your monthly payments, you will end up paying more interest over the life of the loan.
  • Qualification Requirements:  If your financial situation has changed negatively since your initial mortgage, you may face challenges in securing good terms on your loan.
  • Prepayment Penalties: If your current mortgage has prepayment penalties, you could end up paying a hefty fee by refinancing.

Get The Best Rates For Remortgages

How Long Does the Remortgage Process Take?

On average, the remortgage process can take anywhere from 4-8 weeks, but it can be shorter or longer depending on the circumstances. The duration of the remortgage process can vary depending on factors such as the complexity of your financial situation, the lender’s processes, and the level of preparation beforehand.

Do I Need a Solicitor or Conveyancer for Remortgaging?

Yes, unless you are just getting an advance (i.e. borrowing more on your existing mortgage deal with your existing lender). If you opt to change your mortgage rate or deal with your existing lender, it is referred to as a “product transfer,” which typically does not involve any additional legal work. In other cases, however, you will need legal help. (Source)

Why Should I Get A Remortgage With Deedle?

At Deedle, we understand the anxiety that often accompanies the process of remortgaging your home, and we are here to provide our support. Our team of mortgage advisors is committed to assisting you every step of the way, starting from the initial consultation and extending until the successful completion of your mortgage.

We take charge of all the essential paperwork, maintain communication with lenders, and ensure a streamlined experience, allowing you to save valuable time and stress. Regardless of your credit history, employment situation, or retirement status, our team of experts is fully devoted to helping you secure a mortgage that perfectly suits your distinct requirements.

Find The Cheapest Remortgaging Deals

What Costs Are Associated With Remortgaging?

  • Early repayment charges: If you are still within your initial mortgage deal, there may be penalties for paying off your existing mortgage early.
  • Mortgage arrangement fees: These fees may be charged by the new lender to set up the new mortgage.
  • Valuation fees: The new lender may require a valuation of your property to assess its current value.
  • Legal fees: Solicitor or conveyancer fees are involved in handling the legal aspects of the remortgage process unless you stick with your original lender.
  • Broker fees: If you choose to work with a mortgage broker, there may be fees associated with their services. However, Deedle does not charge fees.

Frequently Asked Questions About Remortgages

Can I Remortgage if My Property’s Value Has Decreased?

Maybe. Remortgaging when your property’s value has decreased can be challenging, as it may affect the loan-to-value (LTV) ratio. However, some lenders may consider the equity you have in the property or offer specific remortgage products designed for such situations.

What Is a Product Transfer, and How Does It Differ From Remortgaging?

A product transfer is when you switch to a new mortgage deal offered by your current lender without moving your mortgage to a different lender. It is a simpler process compared to remortgaging since it does not involve changing lenders or obtaining a new mortgage. You will also avoid legal fees.

When Is the Best Time to Remortgage?

The best time to remortgage depends on various factors, including:

  • Your current mortgage deal
  • Interest rate trends
  • Early repayment charges
  • Your overall financial circumstances

Can I Remortgage if I Have Poor Credit?

Yes! Remortgaging with poor credit can be difficult, but it is not impossible. Deedle considers people of all credit histories, so you can apply even if you have a poor credit score. However, you may face higher interest rates or more limited options.

Who is Remortgaging For?

  • Homeowners with expired fixed-rate deals
  • Borrowers on standard variable rate (SVR)
  • Homeowners who want to consolidate debt
  • Borrowers in a changing financial situation
  • Homeowners in negative equity

Can I Remortgage Early?

Yes, it is possible to remortgage early. Reasons you may wish to change your mortgage include if you want to move house, the relationship with your joint owner has broken down or there is a significant drop in interest rates. Just bear in mind that there will be early repayment charges.