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.

Amy Bailey
Amy Bailey
2022-05-05
Fantastic fast service! Matt & Kirsti were amazing throughout and always on hand to help with any questions. Would highly recommend!
Anna Elson
Anna Elson
2022-04-26
Matthew and Kirsti at Regal Finance Group were amazing. We had a complicated financial situation and anything we threw at them they dealt with and supported us through the whole process. We took out a mortgage via them and they explained everything clearly. They were very prompt with replies and always had time for us. We couldn't recommend them enough! Thanks guys!
dababy drake
dababy drake
2022-04-21
We first met Richard about 5 years ago, we were trying to sell a property and buy a new one. My father had recently passed away so it was quite an emotional discussion. Richard was very open and honest with us and managed our expectations on what was feasible. Thanks to his advice and guidance then, we are now in a position to buy a bigger house and once again Richard has pulled out all the stops and managed to secure us finance for our dream house. Richard is very professional and always responsive and attentive to our needs. I would definitely recommend the Regal Finance Group, they have enabled us to successfully keep moving up the ladder within our means! Thank you.
Kyla Feltwell
Kyla Feltwell
2022-04-07
Both Matthew and Kirsti were amazing throughout our mortgage process. As first time buyers we had no clue of what to expect or what to do but they were on hand every step of the way to help us through the process and reassure us. We would highly recommend their services
Michaela
Michaela
2022-02-02
Excellent service. Kirsti was very helpful and informative and helped us with our remortgage, life and income protection insurances. Our circumstances were a bit complicated but we got an excellent product we were happy with. We will be using regal finance group in the future and would recommend them to anyone. Matt was also very helpful and we were kept up to date throughout the process
Damian George
Damian George
2022-01-17
Kirsti has been absolutely amazing threw out the hole process. She has responded to every email and even when the solicitors have been a little slow as soon as we have had a concern or questions she has been on them. Just what you need really. It has made the hole process less stressful and made the experience not so daunting. We wouldn't go anywhere now and will always recommend them to anyone. Great job.
Robyn Corroon
Robyn Corroon
2022-01-13
My self and my partner just brought our first home and with out the support from Regal Finance Group it wouldn’t of been possible. We was supported by Richard Power and he was amazing. Richard really helped us understand the whole process as first time buyers there was things we didn’t understand. Richard also helped take the stress out of all the form filling. Richard staying in regular contact and always responded to calls and email in good time. I could not recommend this company and especially Richard Power enough.
Peter Nelson
Peter Nelson
2022-01-12
Our experience as first time buyers using Regal Finance Group was fantastic. Every time we spoke to Matthew and Kirsti, we left the call feeling calm and confident in the process. They helped us through from start to finish with quick responses and a genuine care about us. Couldn't recommend them enough!
Joss Goodchild
Joss Goodchild
2022-01-10
The Regal Finance Group team were incredibly helpful throughout the mortgage offer process. They were always quick to respond, innovative with their thinking and willing to work with us to find a solution. We are very happy with the work they did.
ashley billl
ashley billl
2022-01-04
Richard was reassuring and professional throughout the particularly difficult purchase and mortgage application - The Covid pandemic really added complexity. We always felt responded to with fast, positive and proactive support which made getting the mortgage surprisingly painless. We would 100% go back to him again for a mortgage. As a note his colleague Kirsten was also a star, again responsive and supportive throughout - A big thanks to you both!

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