Helping you restructure and stay in control

Remortgaging means to change your current mortgage deal – either by switching to a different lender – or staying with your current lender but getting a different rate from then.

Remortgaging – your questions answered

How long does it take to remortgage?

It depends on whether you’re switching lender or not. It normally takes around six weeks to switch to a new mortgage deal with the same lender but if you’re applying to switch lenders, it’ll take longer.

To avoid frustrating delays, we recommend you start looking into it in advance – roughly six months before your current rate expires is ideal.

Don’t worry if you’re not quite ready straight away, you won’t have to switch the second you’re approved. A successful mortgage offer usually comes with an expiry date of 3 months, so you can take more time if you need to.

It’s important to make sure you have everything ready before you start as missing paperwork can really hold up your remortgage. A lot of the documents you need are the same ones you needed for your first mortgage.

You’ll need high-res scans of these documents:

  • Proof of salary (payslips, or SA302 forms if you’re self-employed)
  • Proof of address (council tax/utility bill)
  • ID (passport or driver’s licence)
  • Bank statements
  • Your latest mortgage statement

The idea of remortgaging is to either cut your monthly mortgage payments or to release money from your property by borrowing more money against it. Sometimes, you can even do both.

It sounds complicated, but it’s not – you get a better rate and so you save more. Here at Blackledge Mortgages we’ve got a wealth of experience in remortgaging and can help you find the best deal.

Our Clients Say

“From our first meeting with Katie we knew we had made the right decision to come to her directly. She helped us to realise that anyone can get a mortgage if you look in the right places and have the right support. We began the process immediately and within 3 months of our first meeting we were picking up the keys to our first home.”

“We will be forever grateful for the help and support that we received from Katie and cannot recommend her enough to anyone looking for mortgage services in the future.”

Our Core Values

We pride ourselves on giving the very best advice to help our clients achieve their dreams. Our approach is not ‘one size fits all’, we really do work around your individual circumstances to get the best possible outcomes.

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