The Remortgage Application Process

While this is a very structured process, please be aware that there are things that can delay progress that are outside of our control (e.g. property not valuing to the levels expected, further proof of income required by lenders).

REMORTGAGE OF AN EXISTING PROPERTY

Borrowing check – amount, affordability, how much, deposit, fees and costs budgeted for, applied for credit file, seek a decision in principle

Clarify specifics - capital raising, property enhancement, debt consolidation, better deal

Mortgage recommended and application sent

Conveyancing – instructed

Mortgage underwritten – validation checks on property, income & expenditure. More information may be required as a result to satisfy lending requirements

Valuation instructed - mortgage

Mortgage offer obtained

Check of remortgage offer – does protection match amount and term?

Completion of legal contracts – funds drawn down from lender

BENEFIT FROM YOUR NEW BORROWING STRUCTURE

Remortgaging Download