Competitive & Flexible Remortgages

The UK mortgage market is one of the most competitive in the world, so it makes sense to use a  mortgage broker to help you when you want to remortgage a property. We have access to thousands of mortgage options, some of which are only available through a broker like Bath Mortgages Online. 

Why Remortgage?

Remortgaging means moving your mortgage from one lender to another to get yourself a better deal. And you don't even have to move house to do it. There are many reasons why remortgaging could make sense for you: 
  • You just want a better deal with a lower interest rate. 
  • You need a more flexible deal with additional payment options.
  • You've come to the end of your initial Fixed Term deal. 
  • You want to consolidate or rearrange all your finances. 
  • You want to save money on your monthly repayments. 
  • You want to borrow more to use the money for a project or home improvements. 
  • You want to use some of the equity in your home rather than take out an additional loan. 
  • Your current mortgage no longer suits your needs. 
  • You have inherited some money and wish to reduce the amount you have borrowed. 
  • Your credit rating has improved so you may get a better deal.
 Think carefully before securing other debts against your home.
You may have to pay an early repayment charge to your existing lender if you remortgage.

Getting a Mortgage or Agreement in Principle

We recommend that we get you a Mortgage in Principle (MIP) or an Agreement in Principle (AIP). This provisionally lets you know how much you can borrow. An Agreement or Mortgage in Principle is an important step in applying for a remortgage. It gives an indication of whether a lender could lend you the amount you need to borrow. Lenders use a soft credit check to do this, which has no impact on your credit file. The process is relatively speedy and requires some personal information, including details of your income and financial commitments, this information is used in the strictest confidence. Getting an Agreement/Mortgage in Principle does not mean you are committing to apply to that lender for a mortgage. However, once you have one, you'll be ready to discuss all the options we can offer.

Adverse Credit History?

A poor credit rating can be a major barrier to getting a mortgage, but the good news is, there are lenders who are prepared to help those whose applications may be refused elsewhere. It might not seem fair but even having a big deposit in place and a decent salary isn’t enough to guarantee you a mortgage, if you have a poor credit history.

Banks and building societies are cautious about who they lend to, so they always check credit reports carefully to see if potential mortgage customers have defaulted on any debt payments in the past. They will also look for any County Court Judgments (CCJs) against you, or if you have ever filed for bankruptcy. In any of these scenarios apply, the chances are you won’t be eligible for some mortgage deals that are on offer – even if your financial problems occurred in the past few years.

There are some mortgages however, which are specifically designed for those whose credit history is far from perfect. Our team of expert Advisers will give you advice about the most appropriate mortgage and/or lender to apply to.

If you think you may have a poor credit history or an adverse credit rating, you can obtain a free credit report from one of the following. 

Your property may be repossessed if you do not keep up repayments on your mortgage.

What our customer say about us.

"Excellent service! I wanted to remortgage and my advisor  was fantastically helpful and efficient. He found a good deal for me and was helpful and supportive from start to finish. The whole operation seems to run really well. Good value for money too - worth every penny! Highly recommend."

Bath Mortgages Online

Contact Us