Remortgage Guide

Is Remortgaging right for you? Could you be saving thousands of pounds?

What is The Process?

With the right preparation the process can be simple.

Your Regal Finance expert will need to know details of your current mortgage, along with completing a full fact find to fully understand your financial position. We will always discuss your future so as to ensure we can safeguard any plans as much as possible.

Before looking for the best possible solution we need understand the purpose of the remortgage and the outcome desired. It is not always about the cheapest option

The best solution may very well be to stay with your existing lender, it is important to give them a call and double check what options they would give you. We will then be able to compare with the market to see the best mortgage product available.

We will fully way up all your options including taking all potential fees in to account, not just the interest rate. It may also be the case that it is beneficial for you to pay your early repayment charge as it could still work out cheaper in the long run.

Regal Finance experts can source from thousands of mortgages to find the best deal for you. We often benefit from exclusive products that are not attainable on the high street.

Our experts will take you through the application process to ensure it is presented to the lender in the best possible light. The application will then move on to underwriting, where a valuation will be instructed and you will need to have a solicitor appointed.

With most simple remortgages and mainstream lenders, they will offer you a free legal fees mortgage product. If however you do not have access to this then your Regal Finance expert will happily help in instructing one for you.

Once all initial checks are completed such as documents and a credit check, and the valuation has come back successfully then the mortgage offer will be issued.

If you are changing lender then the solicitor will have been in contact to confirm details to do with your property, request title deeds and details of the freeholder if the property is leasehold.

Once the lender and the solicitor are happy the mortgage is ready for completion. Your new lender will now be in place and any additional requested funds will be released.

Residential remortgaging is the process of replacing your current mortgage deal either with your existing lender or by moving it to a new lender. The process can be quick and easy with the right guidance, and shouldn’t pose any legal obstacles.

Why Should You Remortgage?

There are a number of reasons why you should remortgage, but here are the most common reasons.

You are currently on your lenders SVR and wish to see if there could be a saving.
You would like to release equity to benefit from a new investment.
You are approaching the end of your current mortgage deal and would like a remortgage product to be in place from the end date.
You need to look at your options for debt consolidation.
Your property has increased in value and you feel you could benefit from lower interest rates due to less risk to the lender.
Your planning on keeping your current property so would like to look at potential options.
You would like to raise additional funds for home improvements.

There are plenty of other reasons you may wish to remortgage so please ask your Regal Finance expert any questions you may have, and we will happily search for the best possible outcome.

Dan Churchouse
Dan Churchouse
We used Regal for our recently completed house purchase. The mortgage was a relatively complex arrangement given it consisted of two parts (a result of porting over the terms of an existing mortgage and adding additional debt on new terms) but Matthew Graves and Kirsti Newman were very clear in their articulation, making it easily digestible and allowing me to factor into monthly affordability. They were also speedy in their responses and clearly not biased to any one provider. I feel safe in the knowledge that I ended up with the best deal available and would highly recommend their services.
Taylor Joanne
Taylor Joanne
Excellent and professional service. Everything was handled and dealt with quickly.
Sue Vecchione
Sue Vecchione
Well worth the fee. Mortgage sorted in less than 48 hours. Fantastic service with great communication. Much recommended 😀
Harry Jackson
Harry Jackson
Matthew, Kirsti and Katie were all really helpful. Made sure that, as first time buyers, we understood everything that was going on and were always there to help if we needed them to. 100% would recommend you use them!
Michael Clarke
Michael Clarke
Karen and Kirsti have been invaluable in helping us through the mortgage application process for our first home. We would thoroughly recommend their services - it has saved us a lot of stress! Swift and considerate guidance and support throughout the process.
Ioana Tomut
Ioana Tomut
We have worked with Karen and are extremely happy with how she handled our account. This was the second time we have attempted to buy our first house and we have worked with another mortgage advisor before. While both were excellent in terms of service and communication, Karen's suggestions for solicitors and survey were significantly cheaper to what we were quoted last time. I greatly recommend them.
R Findlay
R Findlay
Thank you very much to Richard at Regal Finance for making our first home purchase run as smoothly as possible. Richard was available to provide us advice throughout the whole process and I would highly recommend using Richard at Regal Finance Group!
Sarah Carter
Sarah Carter
Absolutely brilliant! Alwasy go over and above and feel thoroughly looked after. Highly recommend.
Joe Alsford
Joe Alsford
I can not speak highly enough of the service I received from Richard Powers at Regal. Gave excellent clear advice, continually negotiating the best deal available. Went above and beyond, fantastic to have in your corner in what can be a stressful process!
Cannot recommend Regal Finance enough! Matthew and Kirsti were amazing and completely took the stress out of the process. They were always available to answer questions and guide us through everything. I found they had access to a wider range of products than other advisors I had used in the past. I will be recommending Regal Finance Group to everyone I know!


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