Looking For
Remortgage Deals?
You could find a lower interest rate than your lender’s Standard Variable Rate.
STEP 1: Use our free, easy remortgage calculator to see monthly repayment examples.
STEP 2: Fill in our simple form and our remortgage experts will be in touch to compare deals from lenders across the whole market.
You could save money. Compare the best remortgage deals on the market.
CLICK HERE FOR REMORTGAGE CALCULATOR
REMORTGAGE CALCULATOR
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Interest rates and market values may change over time. All results are estimated and may vary from actual costs. Contact us for an accurate quote.
What Is The Best Remortgage Deal?
We have access to hundreds of remortgage lenders with some of the lowest rates on the market. We also have access to exclusive remortgage deals which you can only obtain through a mortgage broker. Our team of fully qualified mortgage advisers are ready and available to find the best remortgage options for you.
Did You Know?
Most lenders will allow you to lock into a new rate between 3 – 6 months in advance of your fixed-term deal ending. Lock in the lowest mortgage rate & you could save hundreds of pounds a month on mortgage repayments.
Remortgage Options
There are two options to consider when we look at the remortgage process. The first is switching rates with your existing lender, also known as a “Product Transfer”. The second is “Remortgage” to a new lender offering a more competitive rate or a better deal to reflect your financial circumstances.
Product Transfer
Most lenders will allow you to lock into a new rate up to 6 months in advance, others once you are within 90 days. A simple call or email to us and we can advise you of the time scale that relates to your current lender and then provide you with the rates available.
Remortgage
A remortgage can also be a great opportunity if you are looking at borrowing additional money to fund the cost of home improvements, or to pay off more expensive debts. It’s best to start this process as early as possible, 4 – 6 months before your current rate is due to finish.
What Our Expert Says
“With the recent interest rate rises, exploring your options and avoiding your lenders standard rate has never been more important.
Starting the remortgage process before your current product ends could potentially save you money. We can help you by switching to another deal with your existing lender or completing a new application with a different lender. We review the whole market so we can secure the best rate available to meet your financial needs and circumstances.”
Kevin Saunders – Parkgate
The Benefits Of Remortgaging
Move To A New Deal
Your current deal could be coming to an end – most fixed-rate mortgage deals last between two and five years. By remortgaging, you could find a lower interest rate than your lender’s Standard Variable Rate (SVR).
Find A More Competitive Deal
If you’re on a variable deal like a tracker mortgage, the interest rate you pay changes in line with the Bank of England base rate. If this increases – as it has done recently – your mortgage repayments will also go up.
To Borrow More
To use some of the equity you’ve built up in your property – for example, to fund home improvements.
Benefit From A Lower LTV
If your property has increased in value, a lower LTV (loan-to-value) might help you secure a better rate of interest. The more equity you have in your property, the lower your LTV will be.
Overpay Your Mortgage
You want to start overpaying your mortgage, but your current lender won’t let you. In this case, you might want to remortgage with a more flexible provider that won’t penalise you for overpaying.
To Consolidate Debt
You might want to consolidate debts to reduce your monthly outgoings or to borrow at a lower interest rate.
Why Speak To Parkgate Mortgage Experts?
Parkgate’s mortgage brokers remove the hassle involved in getting a mortgage. We’ll help you access exclusive products and rates that aren’t available to the public. Parkgate are regulated by the Financial Conduct Authority (FCA) and are required to pass specific qualifications before they can give you advice.
What Our Clients Are Saying
The team here are excellent. Kevin was brilliant and so helpful and sorted out a remortgage for us. Kevin is friendly and patient and got us the best deal possible. Thank you.
Sue J
Advice was swift and professional and I was helped every step of the way. Would definitely recommend. In the past I have arranged remortgages myself, but it was a lot less stressful and swift having Vanessa and Park Gate doing all the hard work for me.
Susan C
Throughout all stages of my application Kevin provided me with clear information and advice. Just a day after Kevin had expected I received my formal offer – and I can’t thank him enough for minimizing the stress. 5 Stars all the way.
James F
Vanessa manages to always get us a great deal on our renewals and keeps us informed every step of the way. Vanessa always contacts us before our fixed period on the mortgage comes to an end to make sure we are always getting the best possible deals.
Jeanette M
What a great company! Highly recommend!! Kevin and team have been so helpful. I’m not the most knowledgeable of people when it comes down to all fine details of mortgages but Kevin was very patient and explained everything to me and was super quick in getting everything completed. Very professional and friendly service.
Lauren B
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Frequently Asked Questions
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Can A Mortgage Broker Get Me A Better Deal Than A Bank?
If you use a high street lender – like a bank – they’ll only be able to offer a mortgage product from their range. We’re an independent mortgage broker with access to every lender on the market, which means we regularly have access to exclusive deals.
When Is The Best Time To Remortgage?
While it is useful to keep tabs on your mortgage to see if there are cheaper alternatives, the best time to focus on remortgaging is around three to six months before your current deal is about to expire.
This gives you time to find a better deal and make sure you have it in place to avoid reverting to your existing lender’s SVR, which could leave you paying more in repayments than you need. Lenders will also issue remortgage offers that last from three to six months, so unless your financial situation changes, any offer you receive during this period should stay valid until your current deal concludes.
Although early repayment charges often mean it’s too expensive to remortgage before your current deal ends, you could face a situation where you’re better off or need to remortgage anyway.
For example, the value of any new deal may counteract the early repayment fees, interest rates surge may mean you need to find a way to reduce monthly repayments, or you may simply need additional borrowing for reasons such as paying for home renovations.
Can You Remortgage Early?
But even if you’re locked into a deal, you don’t have to wait before looking at alternatives. From three to six months before the deal expires, you can have a remortgage in place ready to go.
What Information Will I Need To Remortgage?
Your lender will ask you to gather a few documents to complete a remortgage. These might include:
- Your last three months’ bank statement
- Your last three months’ pay slips
- Your last two to three years’ accounts/tax returns if self-employed
- Your latest P60 tax form (showing income and tax paid from each tax year)
- Passport or driving licence
- Proof of address, through utility/council tax bills
Can I Remortgage With A Different Lender?
How Does The Loan-To-Value Rate Of My Home Affect Remortgaging?
Should I Revalue My House Before I Remortgage?
If you’re looking to borrow more against the value of your home, you might want to get it revalued to see if it’s increased in value.
Our Address
Park Gate Mortgage & Protection Ltd
1631 Parkway
Solent Business Park
Fareham
Hampshire
PO15 7AH
Our Number
01489 580020
Our Socials
Ready to compare the best remortgage deals on the market?
Contact our expert team to get started.
Remortgage Hub Enquiry
Ready to compare the best remortgage deals on the market?
Contact our expert team to get started.
Remortgage Hub Enquiry
Our Address
Park Gate Mortgage & Protection Ltd
1631 Parkway
Solent Business Park
Fareham
Hampshire
PO15 7AH
Our Number
01489 580020
Our Socials