Published: August 25, 2017

Remortgaging what steps are involved?

It is much simpler to remortgage than buying your first home or moving home.

The Deeds to the property are registered to you already, so the solicitors do not need to transfer deeds do the searches that are involved with a new purchase.

There are two main options when it comes to Remortgaging.

Stay with your existing Lender

You may choose to remain with your existing lender and remortgage onto another deal. This makes the process even easier. You can get a broker to assist you with this or approach your lender yourself.

Switch to a new lender

If you choose to switch to a new lender Amber Mortgage Solutions can assist you every step of the way, we can find you the right mortgage for your needs. We can do all of the hard work for you, call us on 01702 619 221 to book an appointment or go through your application over the phone, we will find you the mortgage that suits your needs, taking into account all aspects of the loan, from the booking fee to the penalty for early buyout.

You will likely need some documents for the application, these usually include:

• Proof of income, and expenditure, so a P60, recent payslips, bank statements and latest mortgage statement(where applicable)
• Information from your employers, other lenders, your landlord.
• Identification, Birth Certificate or Passport

We at Amber will manage this side for you and ensure that you have provided sufficient evidence to support your application if you are aware of the requirements before you apply and you have them all ready you will find it much easier. Maybe get a folder and put all of these documents in there ready for the application