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Remortgage Advice London: Expert Help to Secure the Right Deal
Finding the right remortgage deal can be just as important as securing your original mortgage, especially in London’s ever-changing property market.
With house prices remaining high and interest rates shifting, it’s more important than ever to get expert advice before committing to your next deal. That’s where clear, tailored remortgage advice London homeowners can trust makes all the difference.
At Strive Mortgages, we specialise in helping clients across the capital remortgage with confidence.
Whether your current mortgage is coming to an end, you’re looking to reduce your monthly repayments, or want to release equity from your property, we’ll guide you through the mortgage process clearly and efficiently.
Why Consider Remortgaging?
Your mortgage needs may have changed since you took out your last mortgage deal. Remortgaging could help you to:
Avoid your lender’s standard variable rate
When your current deal expires, most lenders move you onto their lender’s standard variable rate.
This rate is typically higher than your original fixed rate deal, which means your monthly payments could increase unless you secure a new deal in time.
Release equity from your property
If your property value has increased or you’ve repaid a good portion of your existing mortgage, you may be able to release equity.
This can give you access to additional money to fund home improvements, consolidate debt, or invest elsewhere.
Secure a better interest rate
If your credit rating has improved or your income has increased, you may be eligible for a better mortgage rate.
Finding the best remortgage deal can help you save money and pay off your mortgage sooner.
Adjust to changing circumstances
If you’re now self employed or your financial situation has changed, a remortgage gives you the opportunity to review your mortgage and find one that fits your current circumstances more closely.
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When Should You Start the Remortgage Process?
The remortgaging process can begin up to six months before your current mortgage deal ends.
This allows time to:
- Compare new lender and existing lender offers
- Prepare bank statements and other paperwork
- Avoid early repayment charges by timing your switch correctly
- Lock in a mortgage offer before your current mortgage rate increases
If mortgage rates drop after your application, many mortgage providers will allow you to switch to a better deal before completion.
Acting early helps avoid being rolled onto your lender’s standard variable rate, which could lead to more interest and higher monthly repayments.
How Much Could You Borrow?
Most lenders offer between 4.5 and 5 times your annual income. However, with a strong credit rating, low debts, and stable income, some clients can borrow 5.5 or even 6 times their income.
How much you could borrow also depends on:
- Your loan to value ratio
- Your disposable income
- Your affordability checks results
- Whether you’re employed or self employed
We’ll help you compare your borrowing options and mortgage repayments to structure a remortgage deal that suits your needs.
Can You Release Equity When You Remortgage?
Yes. Many clients use a remortgage to borrow more money, either to fund home improvements, put down a deposit on a second home, or consolidate debt.
We’ll help you assess whether releasing equity is a sensible option and find a mortgage provider offering suitable terms for your goals.
Outstanding service and clear communication are at the core of what we do. But don’t just take our word for it—read firsthand experiences from our clients and discover why they rate us a 5-star mortgage broker.
Remortgaging If You’re Self Employed or Have Bad Credit
Remortgaging can feel more difficult if you’re self employed or have a less-than-perfect credit score. But that’s where our mortgage advisers step in.
We work with mortgage lenders who accept:
- One year of self-employment
- Retained profits or complex income
- Clients with bad credit or historic financial issues
Even if your circumstances are more complex, we’ll help you access the right deal and secure the mortgage advice you need.
What Fees Should You Expect?
The cost of a remortgage may include:
- Standard legal fees (some lenders cover these)
- Valuation fees
- Arrangement or product fees on the new mortgage
- Early repayment charges if exiting your current mortgage deal early
Our expert advisers will help you calculate the true cost of each option, so you can choose the right remortgage deal with confidence.
Can You Stay With the Same Lender?
Yes. A product transfer with your current lender might be a quicker way to secure a new deal. But the right mortgage isn’t always with the same lender.
Comparing your existing mortgage deal to what’s available on the market could uncover a better deal, lower interest rate, or more flexible terms.
Why Use a Remortgage Broker in London?
As a London-based mortgage broker with extensive experience, we understand the market, the lenders, and how to match your needs with the right deal.
Our team offers:
- Access to hundred of mortgage providers& thousands of deals
- Advice on fixed rate, tracker mortgage, and remortgage rates
- Support throughout the remortgage process
- Guidance through every part of your mortgage application
Whether you’re looking to switch to a different lender or stay with one lender, we’ll help you secure the best remortgage deal based on your personal goals.
From busy professionals to first-time buyers remortgaging for the first time, our clients trust us to make their remortgaging process as smooth and efficient as possible.
Whether you’re refinancing a flat in Camden or a house in Greenwich, our mortgage advisers will tailor their support to your personal circumstances.
We’d love to hear from you. Get started online or call 0330 043 1121 to speak with a buy to let mortgage advisor London landlords trust.
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Speak to an advisor today, to lock you in with the best deal.
Frequently Asked Questions
Yes. Many clients remortgage with a new lender to access a better remortgage deal, improve their mortgage rates, or save money. We’ll compare the market and help you switch if a better deal is available elsewhere.
Often, yes. If your current deal expires within the next six months, we can help you apply now and switch to a better rate later if mortgage rates drop. We’ll also help you understand and minimise any early repayment charges.
For most applications, you’ll need:
– Bank statements
– Payslips or self employed accounts
– ID and address proof
– Information about your current mortgage
We’ll explain exactly what’s needed for your mortgage application and keep the remortgage process simple.
Most remortgages complete within 4 to 8 weeks. If you stay with your existing lender, it may be quicker. We manage the timeline carefully and keep things moving, even around bank holidays.
Yes. If your current mortgage balance is lower than your property’s value, you may be able to release equity. This additional money can be used to fund home improvements, consolidate debts, or invest elsewhere. We’ll assess how much you can borrow and find the right mortgage for your goals.
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Jamie Elvin
Jamie is an expert in all things mortgages, and our most experienced broker. Connect with Jamie and get started to see how Strive Mortgages can help you.
