Yes, you can remortgage before your current deal ends, but it’s important to check if there are any early repayment charges (ERCs). These fees are usually a percentage of your remaining balance and could affect how much you save by switching early.
That said, remortgaging early can still be worth it if the savings from a better rate outweigh the costs. Our advisors at Green Mortgages can crunch the numbers for you, so you’ll know if it’s the right move.
Most lenders prefer you to have at least 10-20% equity in your home. Your equity is simply the difference between your property’s current market value and what you still owe on your mortgage.
For example:
Even if you don’t have much equity, there are still options out there. We’ll help you explore lenders who offer remortgage deals for all kinds of situations.
Switching to a fixed-rate remortgage can bring you peace of mind by locking in your interest rate for a set period. This means your monthly payments won’t change, even if interest rates rise.
Here’s why it’s a smart choice:
If you like the idea of stability, a fixed-rate remortgage could be the perfect fit. We’ll help you find the best deal to match your financial plans.
Absolutely! Releasing equity is a great way to unlock some of the value tied up in your home. This could give you access to cash for things like:
For instance, if your property has gone up in value, a remortgage could let you borrow more against it while staying on affordable monthly payments. Our team can guide you through the process and make sure it works for your budget.
Getting your documents in order is simple, and we’re here to help. Typically, lenders will ask for:
We’ll give you a handy checklist to make the process even easier, so there’s no need to worry about missing anything.
Remortgaging usually takes around 4-8 weeks from start to finish, but it can be quicker depending on your circumstances. Here’s what to expect:
At Green Mortgages, we’ll keep everything running smoothly and update you every step of the way.
