Remortgaging means replacing your existing mortgage with a new deal, either with your current lender or a different one.
This often happens when your fixed-rate deal ends, helping you avoid higher costs or find a more suitable interest rate.
You may also remortgage to access equity — the difference between your property’s value and your remaining mortgage balance.
It’s usually simpler than buying a property, but guidance from Connect Lifetime Mortgages helps secure the most appropriate deal.
Homeowners remortgage for various reasons. These include avoiding higher interest rates or adjusting the mortgage term. When your fixed term ends, you may move to the lender’s standard variable rate (SVR), which can be more expensive. Switching mortgages before this happens may help you save money and gain access to a more competitive interest rate.
If you are already on an SVR, changing deals could reduce your monthly repayments or offer more financial stability. You may wish to extend your term to lower monthly repayments, though this often means paying more interest overall. Shortening your term may help you clear the mortgage faster, saving on total interest costs in the long run.
Releasing equity could help pay for home improvements, repay debts, or cover other personal or financial requirements. You may also need to change names on the mortgage — for example, after a divorce or separation.
Our advisers take care of everything, from initial checks to completion, saving you time and helping avoid delays.
Initial Consultation
We begin by discussing your goals and financial situation to identify the most suitable remortgage option available.
Affordability Checks
We assess what you could borrow, your likely monthly repayments, and whether the remortgage suits your circumstances.
Documentation
We support you in gathering the necessary paperwork required for a smooth and timely mortgage application process.
Lender Search & Application
We compare lenders, identify a suitable product, and submit the application directly on your behalf.
Valuation & Review
Your lender will assess your property’s value and check affordability, often requesting employer or accountant references.
Mortgage Offer
Once approved, we help you review the offer, explaining all legal and contractual details before moving forward.
How Long Does a Remortgage Take?
Most remortgages take between four and eight weeks once your application has been submitted.
Timeframes may vary depending on personal factors, such as your income structure or the complexity of your circumstances.
Switching to a new lender may take longer than staying with your current lender through a product transfer.
We keep you informed throughout, ensuring the process remains straightforward and without avoidable delays.
Staying With Your Current Lender: Is It Worth It?
Your current lender may offer a quicker process, since they already hold your information and property history.
However, it is vital to compare their offer with the wider market to avoid missing better rates.
At Connect Lifetime Mortgages, we assess all available deals — from your current lender and others — to compare properly.
We offer clear, honest guidance to help you select the most cost-effective route for your mortgage needs.
When Can You Remortgage?
You can remortgage at any point, but check whether early repayment charges or exit fees will apply.
These fees may reduce the benefits of switching, so it’s important to weigh costs before proceeding.
If property values have risen or interest rates dropped, switching could still be worthwhile despite any fees.
Speak to us around six months before your current deal ends or earlier if you need to raise funds.
Do You Need a Remortgage Broker?
You can remortgage on your own, but working with Connect Lifetime Mortgages ensures clear advice tailored to your goals.
We ask key questions to understand your circumstances, including employment, income, and family or financial considerations.
This helps us search the market efficiently and recommend deals that fit your current and future needs.
We provide clarity, saving you from unnecessary complications or missed opportunities.
How We Support You Throughout
Our advisers are here to make the process smooth and simple from beginning to end. Here’s how we help:
Offer a no-obligation, free consultation
Recommend the most suitable product
Help calculate your borrowing potential
Support you with documentation
Submit your application to the lender
Communicate with lenders and solicitors
Provide guidance from start to finish
We support your remortgage now — and in future — so you always know who to turn to.
Why Choose Connect Lifetime Mortgages?
Independent Advice
We work for you — not any lender — and recommend what’s best based on your needs.
Access to the Whole Market
We search across multiple UK lenders to find the most suitable mortgage for your individual circumstances.
Hassle-Free Process
We take care of the forms and tasks involved, saving you time and effort.
Trusted by Clients
We’re rated highly by homeowners for our clarity, professionalism, and success in securing strong mortgage outcomes.
Industry Recognised
Our knowledge and results have earned us awards and respect across the UK mortgage sector.
