Remortgage

Looking to Remortgage and want the best Remortgage rates?

We are fully independent and search the market for the best remortgage rates.

We do not charge you broker fees when we arrange your remortgage.*

We don't just advise based on the best remortgage rate. We look at every deal in detail, including the fees.

Exclusive remortgage rates available daily.

Fees Free Remortgages arranged.

Remortgages arranged up to 6 months in advance if you want to secure a rate.

We advise and recommend on a comprehensive range of mortgages from across the market.

Remortgaging

A remortgage is one of the best ways to save hundreds or even thousands of pounds per year by reducing your monthly interest costs. It is therefore recommended that you review your options whenever your current fixed rate mortgage, tracker rate or discount mortgage expires.

Remortgage rates vary so much in price and benefits and trying to get the most suitable remortgage can be very time consuming. This is where Impartial can help you search the market for the best remortgage deals.

Typical reasons for a remortgage tend to be to get a better interest rate (especially if your initial deal period is over and you are about to revert to an uncompetitive standard variable rate), to consolidate debt or to release equity. In more recent times, people have been considering remortgaging as they are concerned that interest rates may rise.

It is important to find out what fees are involved in both the remortgage deal and the exit fees for your current lender, if any.

If you are considering a remortgage or wish to explore your options, Impartial can research the mortgage deals from major banks and building societies and then you can choose the one that is right for you.

How long does a remortgage take?

The remortgage process can typically be fully completed four to eight weeks. This is dependent on how simple the remortgage is.

The process might appear lengthy, but the benefits will far outweigh the time it takes to complete it.

If there are no changes to be made to the mortgage deed, adding or removing someone for example. Or waiting for an existing redemption penalty to expire, there should be no reason why you wouldn't expect the remortgage to be completed within 4 weeks.

Fees Free Remortgage

Most mortgage lenders have fees free remortgages available. These remortgages would free of:

Legal / Conveyancing fees Survey / Valuation fees Arrangement fees

When should you remortgage?

It makes sense to check out your options before this happens. Mortgage offers are normally valid for between three to six months depending on the lender. You can therefore secure good mortgage rate months before your existing mortgage rate expires. Normally, we recommend you review your mortgage options around three months prior to your existing mortgage deal expiring. You would then delay completion of the remortgage until after your existing mortgage rate expires.

Fees

When you remortgage it is important to find out what fees are involved. It is not just the new lender that is likely to fees. Most mortgage lenders also charge you fees when you leave them. These fees are not normally very expensive but you should be made aware of this when you remortgage.

Mortgage fees have been increasing in recent times as lenders try to claw back some of the savings homeowners can get by switching mortgage. Generally speaking the smaller the mortgage, the lower the fees should be. There would be little point in switching or remortgaging to a 2-year fixed rate, saving £25 per month (£600 over 2 years) if the set up fees were more expensive than the saving. Redemption penalties

Most new remortgages come with an associated redemption penalty/tie-in. Most mortgage lenders will only offer a lower initial fixed, tracker or discounted rate if you agree to their redemption terms. Should you leave, or pay off the mortgage you would need to pay a redemption penalty. This is usually a percentage of the outstanding mortgage and will be included in your total redemption balance.

Some lenders can also include an extended tie-in. In this case the redemption penalty is payable even after the initial mortgage rate has ended. Your initial rate could finish but you may not be penalty free for a further year or two years for example. It is rare that these rates would be recommended under any circumstances

About Us

Impartial Mortgage & Protection is an Independent Mortgage Broker and Insurance Brokerage.

Head Office

Top Floor, 5 London Road,
Southampton, Hampshire,
SO15 2AE

02380 221700

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Wills & trusts, conveyancing services, and most forms of buy-to-let mortgages are not regulated by the Financial Conduct Authority.
As a mortgage broker, Impartial receives a fee from mortgage lenders, which is normally a small percentage of the loan we arrange. We do not charge a fee for mortgages over £100,000. For mortgages of under £100,000 there may be a fee for mortgage advice, the specific amount will depend upon your circumstances but our typical fee is £200

Impartial Mortgage & Protection Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. Impartial Mortgage & Protection Ltd. Registered office:Top Floor, 5 London Road, Southampton, Hampshire, SO15 2AE This website and its content is copyright of Impartial - © Impartial 2016. All rights reserved. Company registration number 09648996

The guidance contained in this website is subject to the UK regulatory regime and is therefore targeted at consumers based within the UK.

© Copyright 2017 Impartial Mortgage & Protection LtdWeb Design By Toolkit Websites