Enjoy all the benefits of remortgaging your home.

If you are at the end of your mortgage term, chances are you’ll be moving onto a rate that isn’t the most suitable available. To ensure you are getting the most suitable rate, you should consider the option of remortgaging. More so you might also be able to capital raise from your home to pay down any debts, fund your child’s education or even purchase a buy to let property.

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How we can help with your remortgage:

We’ll do the leg work

Finding the most valuable deal with a remortgage involves a hefty bit of research and comparison. We’ll do the leg work for you, exploring options in finding the most suitable mortgages for you circumstances.

Capital raising

Consolidate debts, release funds for home improvement projects or pay for your child’s university fees. These are all ways to leverage your home’s earned equity when taking out a new mortgage product.

Your needs come first

Whatever your reasons for remortgaging, finding the solution suited to your circumstances is our first and highest priority.

Let us find a remortgage product for you

Speak to one of our friendly advisers today, and download your credit report via 'Check my file', to kick start the process.

Remortgaging FAQs:

When considering remortgaging, it’s essential to evaluate several factors to ensure you make an informed decision. Here are some key aspects to keep in mind:

  • Timing: You can remortgage at any time; however, it’s generally advisable to do so when your fixed or discount rate term is ending. Remortgaging at this point can help you secure a better deal on your mortgage, as your current mortgage might no longer be the most favourable option. If you choose to remortgage before the end of your term, be aware that early repayment charges may apply.
  • Interest rates: Research and compare the interest rates offered by various lenders to determine if you could benefit from a lower rate, potentially reducing your monthly repayments or overall mortgage term.
  • Mortgage fees: Be sure to consider the fees associated with remortgaging, such as arrangement fees, valuation fees, and legal costs. It’s important to weigh these expenses against the potential savings to ensure remortgaging is a cost-effective decision.
  • Equity: Evaluate the amount of equity you’ve built up in your property, as this may impact the mortgage deals available to you. Higher equity can often result in more favourable interest rates.
  • Financial circumstances: Consider any changes in your financial situation since obtaining your initial mortgage, such as income fluctuations or changes to your credit score. These factors can influence the mortgage deals you qualify for and should be taken into account when remortgaging.
  • Future plans: Reflect on your long-term goals and plans, including potential changes to your living situation, employment, or family dynamics, as these may impact your choice of mortgage product.

In summary, when considering remortgaging, it’s crucial to evaluate the timing, interest rates, fees, equity, financial circumstances, and future plans to make the most suitable decision for your specific situation.

Various factors can affect the remortgage process and the mortgage deals available to you. Some key elements include:

  • Loan amount: The amount you want to borrow may influence the interest rates and terms offered by lenders.
  • Loan term: The length of time you plan to borrow the funds for can also impact the mortgage deals available. Longer terms may result in lower monthly payments but higher overall interest costs, while shorter terms often lead to higher monthly payments but lower total interest costs.
  • Property value: The value of your property plays a significant role in determining your loan-to-value (LTV) ratio, which affects the mortgage deals you qualify for. A lower LTV ratio generally results in more favorable interest rates and terms.
  • Financial stability: Lenders will assess your financial security by evaluating your income, employment history, and overall financial stability to determine your ability to make mortgage repayments.
  • Credit history: Your credit history is a crucial factor in the remortgage process, as lenders will review your credit score and history to gauge your creditworthiness. A strong credit history can help you secure better mortgage deals with lower interest rates.

In summary, the factors affecting remortgage include the loan amount, loan term, property value, financial stability, and credit history. By carefully considering these elements, you can better understand your options and make well-informed decisions during the remortgage process.

When preparing to remortgage, there are certain actions you should avoid to ensure a smoother process and improve your chances of securing a favourable mortgage deal. Some key points to keep in mind include:

  • Don’t apply for new credit: Refrain from applying for new credit cards, loans, or other forms of credit just before applying for a remortgage, this can negatively impact your credit score and make lenders more likely to consider you a high-risk borrower.
  • Avoid erratic or heavy spending: Maintain consistent spending habits and avoid making large or unusual purchases in the weeks leading up to your remortgage application. Lenders may scrutinize your recent bank statements and spending habits when assessing your application, and erratic spending could raise concerns about your financial stability.
  • Stay out of your overdraft: Avoid using your overdraft facility, as this may signal financial distress to potential lenders. Demonstrating responsible financial management by staying within your account balance can help improve your chances of securing a favorable remortgage deal.

In summary, when preparing to remortgage, it’s essential to avoid applying for new credit, maintain consistent spending habits, and stay out of your overdraft to improve your chances of being approved for a favorable mortgage deal.

The purpose of remortgaging is for homeowners to either switch to a new mortgage deal or obtain a larger loan by releasing additional funds from their home’s equity. Often, mortgages come with a fixed or introductory low rate that expires after a specific period, typically a few years. Once this period ends, the interest rate may increase, leading to higher monthly repayments.

By remortgaging, homeowners can secure a new mortgage deal with more favourable terms, such as a lower interest rate, helping them to maintain or reduce the costs of their mortgage. Additionally, remortgaging can provide access to extra funds if the homeowner wishes to release equity from their property for purposes like home improvements, consolidating debts, or making significant purchases.

In summary, the primary purpose of remortgaging is to obtain a more advantageous mortgage deal or release funds from a home’s equity to address financial needs or goals.

A bank may decline a remortgage application for various reasons, with the primary factor usually being the applicant’s financial situation. Some specific issues that can lead to a declined remortgage application include:

  • Poor credit history: A history of missed or defaulted payments, County Court Judgments (CCJs), and multiple credit applications can negatively impact your credit report. Lenders may view applicants with poor credit history as high-risk borrowers, which can result in a declined remortgage application.

In summary, a bank may decline a remortgage application due to the applicant’s financial situation, including poor credit history, insufficient income, high debt-to-income ratio, or changes in personal circumstances. It’s crucial to address these issues before applying for a remortgage to improve the likelihood of approval.

What our customers think:

Kashif SharifKashif Sharif
15:32 22 Sep 23
The team at Hearthstone Mortgages recently managed my re-mortgage. Their service was very professional, swift, and ultra efficient. I am absolutely delighted with how the process went from start to finish, and I would highly recommend doing business with them.
Gary CorbettGary Corbett
18:08 15 Sep 23
Incredible service and advice from start to finish. When you work with Ajay you feel that your deal matters to him as much as it matters to you.A great addition to any power team, I look forward to working with Ajay on our next project.Highly recommend!
Sandra BSandra B
13:45 31 Aug 23
Best experience with a mortgage broker in a long time. Very responsive and reliable. Special thanks to Jordanne, highly recommend them!
Lee TomlinsonLee Tomlinson
22:33 30 Aug 23
I've worked with Hearthstone Mortgages on a number of occasions and have a great relationship with them. They have found me some great deals and communication is great whenever I need support. We'll certainly work together in the future.
Joe NewmanJoe Newman
17:20 22 Aug 23
Had an excellent experience dealing with both Ajay and Nadine who assisted my limited company with a remortgage and purchase at the same time. Would highly recommend and will definitely use again in the future.
joey awaritefejoey awaritefe
20:38 17 Aug 23
Hearthstone Mortgages were great at supporting us with first getting a bridging loan, and then securing a buy to let mortgage.Ajay was able to provide guidance throughout the processes and Nadine was always on hand to ensure things were ticking along and to answer any queries.
Jason EdgeJason Edge
22:04 16 Aug 23
Used Hearthstone for the first remortgage in our portfolio. Jordanne was very helpful through the whole process and a pleasure to work with. In you need advice or a mortgage of any kind I would highly recommend them. Thanks again
Jamie BoxallJamie Boxall
11:07 16 Aug 23
We have been working with hearthstone now for two years.The team are incredible at what they do they take time to understand your case and really work to get your the right product for you.I strongly recommend Ajay and his team to any investors or for your own residential purchase
Conor HarrisonConor Harrison
18:38 21 Dec 22
Second time I've worked with Ajay at hearthstone and won't be the last! An expert in his field and delivers such a personable and professional service, thanks for everything!
King Panda PropertiesKing Panda Properties
08:12 03 Dec 22
Excellent knowledge, systems and client care, Hearthstone Mortgages has it all!In particular, a portfolio owner herself, Mortgage Advisor Jordanne deserves a special mention. From Day 1 her understanding and attention to my client needs has been outstanding and she is an absolute asset to the business and company owner, Ajay.I wholeheartedly recommend using Hearthstone based on my experiences, be it a private mortgage, BTL, portfolio etc. I will certainly be continuing to use them going forward. Thanks, Jordanne. KPP
Simon CharnockSimon Charnock
17:46 14 Sep 22
Great communication throughout, excellent service, always happy to help and advise making the remortgage of a HMO property very straight forward.Thanks Ajay and teamSimon @ C&W Homes
Carys GreenCarys Green
18:15 11 Jan 22
I can’t fault the service i received for my remortgage. Other advisors were put off with my slightly complicated situation however Ajay made the whole process easy and completely seamless. He also went above and beyond to push forward to completion whilst he was on holiday.Thanks for all your help and looking forward to working with you again in the future.
Dessi DonchevaDessi Doncheva
16:21 13 Mar 21
Couldn't thank Ajay from Hearthstone Mortgages enough for his support, professionalism and responsiveness! Ajay pretty much held our hands through the purchase of our first investment property, guiding us through the process, explaining every detail I questioned on the mortgage documents and doing his best to speed up the purchase at a time when solicitors and lenders were being inundated with work and slowing things down. When our mortgage offer expired, Ajay got right on it and even got us a better rate! Not to mention, he was even chasing our solicitors and escalated the case internally as the solicitor handling our case wasn't very on top of things, so Ajay got them changed, leading to the purchase completing within a few weeks afterwards. All of this for a very fair price - what you pay is much less than what you get! Thoroughly recommend Ajay and the team and will be using them again in the future for sure!
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