Remortgaging your property is the process of moving your mortgage from one lender to another.
You may be remortgaging to reduce your monthly payments by finding a better deal or you may want to release some equity in your property to use for home improvements. Another option may be that you want to reduce the term of your mortgage so that you are mortgage free sooner than originally planned.
Increasing your borrowing on your current property or changing the terms of your borrowing is a relatively straightforward process. Your Lender will provide us with a copy of your mortgage offer and we will report on the terms of the new mortgage offer, whilst also checking the title deeds to your property. We will then proceed to register the new mortgage at Land Registry.