The best way to remortgage

Fact checked
Fact Checked.
Updated on
January 24, 2021

In a nutshell

Use a mortgage broker to remortgage for you. You'll get the best deal for you, just make sure they can search the whole market, and don't charge too much!

Nuts About Money Logo

Time to remortgage? Perhaps your fixed term rate is about to end and your rate is about to go up, or you’re looking to release some equity for a big purchase or just a bit of extra cash.

Whatever the reason, we've got the best way to remortgage your house or flat to make sure you get the best deal. And don’t sweat if you’re not sure what you’re doing – that’s what we’re for.

Follow these steps and you could be getting a quote 20 minutes from now – and completing your remortgage in days.

Here’s how to remortgage in 5 easy steps

Step 1 – Get prepared

Dig out all of your documents you can find about your current mortgage.

That’s your mortgage offer, the date you received the mortgage, fixed term expiry date, anything and everything like that.

Step 2 – The broker

Find a good mortgage broker. Not all are equal, in-fact the quality varies quite a bit.

We recommend an online mortgage broker as they are free, fast and search the whole market.

Here’s our criteria for a good mortgage broker:

Searches the whole market

The only way to find the best deal is to search every deal.

Free

For a remortgage, it can be fairly straightforward, you can get it done fairly quickly with a broker who doesn't charge a fee. But if you want a more personal touch, that's fine too, you may just have to pay a fee, normally around £500.

Online

Technology can search the market instantly now and everything can be handled online, so no need for any paperwork or hours being on hold! And you can still chat to the mortgage adviser via live chat if you have questions.

We’ve done the hard work for you however and rated the biggest mortgage brokers in the UK. View the results and ratings.

Step 3 – The work

Once you’ve picked a mortgage broker, the next step is to fill out a simple form with your personal and current mortgage information. This should take around 15 minutes if using an online broker.

Step 4 – The waiting game

Relax. Your broker will find the best mortgage for you and with your approval go ahead and get it for you as well.

Step 5 – The savings

Enjoy your savings – but don’t go nuts! Invest or save most of it.

Share this article

Fact checked
This article has been fact checked
Ash Jensen (CeMAP)
Ash Jensen (CeMAP)

Director & Head Broker of Make My Mortgage

Ash has more than 20 years’ experience in the mortgage industry, making him a true expert when it comes to anything to do with mortgages (trust us, anything that Ash doesn’t know about mortgages isn’t worth knowing!).

Share this article

Need more help?

Search our website.

Related articles

Learn more about mortgages and remortgaging.

Nuts About Money Logo

We’re here to help ease money worries for everyone by providing an easy to use website for all things money related.

About us