Mon - Fri 09:00-17:00 0203 410 0260

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

98% of protection insurance claims presented in 2017 were paid out upon claiming2. BOOK YOUR REVIEW UK insures pay out £9.9m every day for protection policies. BOOK YOUR REVIEW £96.35 statutory sick pay is only £96.35 per week for a period of up to 28 weeks. BOOK YOUR REVIEW £68,000 the average value of critical illness claims paid in 2016 was £68,000. BOOK YOUR REVIEW 40% Inheritance Tax (IHT) is applied on assets worth over £325,000 BOOK YOUR REVIEW 8.9 of every 1,000 opposite-sex marriages end in divorce BOOK YOUR REVIEW £33,904 is the annual cost of residential care in the UK, this can rise for more complex needs BOOK YOUR REVIEW £63,224 is the average cost of raising a child between 1 and 4 (discounting private education) BOOK YOUR REVIEW £40,000 Those who receive financial advice accrue an average of £40,000 more than their counterparts BOOK YOUR REVIEW £231,843 According to research, raising a child costs an average of £231,843 BOOK YOUR REVIEW £6,000 2017 studies show that retirement income is more than £6,000 per year higher for those who plan ahead with an adviser BOOK YOUR REVIEW 137m working days were lost due to sickness or injury in the UK during 2016 BOOK YOUR REVIEW 50% of UK citizens born after 1960 will be diagnosed with a form of cancer at some point in their lifetime according to Cancer Research UK BOOK YOUR REVIEW