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.

Stage 1 - Review your current position

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

Stage 2 - Assess the best solution

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.

Stage 3 – Complete the application

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.

Stage 4 – Mortgage Offer

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.

Stage 5 – Completion

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.

         Posted on Google  
   
   Jon Massingham 
 
 
 
  We've been using Regal for 6 years now - the advice Matthew gives is invaluable and always has our best interests in mind, and Kirsti has been great with communication and making sure everything is progressed. Thoroughly recommend!
  
 
      Posted on Google  
   
   Amandeep 
 
 
 
  Katie was very professional, reliable, honest, hard working, knowledgeable..Katie kept me up to date at every stage of my remortgage, she made getting my remortgage very smooth process, I would recommend Katie to everyone 100% 🤩
KEEP UP THE AMAZING WORK YOU DO KATIE….YOU TRULY ARE A EXPERT !
TOP MARKS 5 STARS ⭐️⭐️⭐️⭐️⭐️
  
 
      Posted on Google  
   
   Keith A 
 
 
 
  The team at Regal have been awesome. Kirsti was the perfect balance between professional and friendly. She ensured the process moved at pace, keeping me informed at every stage. Together with Matthew, they always had a Plan B for every challenge and got me from start to finish easier and faster than expected. A brilliant service that I will 100% recommend to everyone.
  
 
      Posted on Google  
   
   Tessa Regan 
 
 
 
  Great experience for my mortgage needs, all team members are excellent, providing a good service in a prompt manner, I felt suppoted and listened to at each step of the way. I would highly recommend.
  
 
      Posted on Google  
   
   Narinder Bal 
 
 
 
  I had a great experience with Richard and Liza who helped me secure a great deal on my mortgage. This stressful process was made smooth and manageable and all my options were explained clearly. Richard was quick to provide all the answers I needed. I wouldn’t hesitate to recommend Richard to anyone looking for a knowledgeable and supportive mortgage broker.
  
 
      Posted on Google  
   
   John Hilton 
 
 
 
  We used Richard and Liza for our mortgage and recent remortgage. The service was really efficient and the communication from both Richard and Liza was prompt and informative. They really listened to what we needed and found the best deal for us. I would definitely recommend their services.
  
 
      Posted on Google  
   
   Sam Dawson 
 
 
 
  Just secured a fantastic rate through Kirsti at Regal Finance Group, absolutely went above and beyond, keeping us informed throughout the process, pleasure to deal with, thanks Kirsti
  
 
      Posted on Google  
   
   Rakesh Khunti 
 
 
 
  Matthew and his team have been fantastic. Keeping us updated and informed all the way and happy to meet to discuss any queries.
  
 
      Posted on Google  
   
   Francesco Cunsolo 
 
 
 
  Extremely helpful and very thorough, couldn’t ask for more.
  
 
      Posted on Google  
   
   Rajesh 
 
 
 
  As always a smooth process with great advice from Matthew and support from Kirsti.  Highly recommended!
  
 
  
 
   Google rating score: 5.0 of 5, based on 124 reviews