Remortgaging is the process of moving your current mortgage from one lender to another and does not usually involve moving home or taking out a second mortgage on the property.
Once you start the remortgaging process, the new lender will do a desk based or physical property valuation so that they can calculate your loan to value (LTV) (the value of the loan you take out and the value of the property as a whole, expressed as a percentage). The LTV ratio determines the mortgage rates available to you.
A remortgage valuation gives you an indication of your home's current market value so you can estimate your LTV and therefore the interest rates that could be available to you.
Use our online remortgage property valuation tool to work out your LTV now.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Your initial mortgage appointment is without obligation. We normally charge a fee for our services; however, it is payable only on the submission of your mortgage application. The fee will depend on your circumstances but our standard fee is £549. Complex cases usually attract a higher fee. We will discuss and agree the fee with you prior to submitting any mortgage application.