Remortgages · Fareham
Remortgage and product transfer advice in Fareham
Fixed rate coming to an end? Whether you stay with your current lender or move to a new one, we'll look at your options with you, explain them in plain English and handle the paperwork.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Who this helps
Your deal is ending soon
Your fixed or tracker rate ends in the next few months and you want to know your options before it does.
Your circumstances have changed
Perhaps you want to add or remove someone from the mortgage, change the length of the term, or switch between repayment and interest only.
You'd like to borrow more
For example, for home improvements. We'll look at whether extra borrowing makes sense and the different ways of doing it.
Remortgage or product transfer: what's the difference?
A product transfer means moving to a new deal with your current lender. It's often simpler, with less paperwork, and usually no new valuation or legal work.
A remortgage means moving your mortgage to a different lender. It can open up more choice, but there may be fees for valuation and legal work, and the new lender will check your circumstances again.
Neither is always better. We compare a product transfer with your current lender against deals from across the market, and look at the full cost, not just the rate, so you can see which suits you.
If you do nothing when your deal ends, you'll usually move onto your lender's standard variable rate, which is often higher than a new fixed or tracker deal.
If you're looking to borrow more, that might mean borrowing more from your current lender (a further advance), a second mortgage secured on your home (a second charge mortgage) or an unsecured loan, rather than taking out a whole new mortgage. We'll explain the options that apply to you.
How it works
First meeting
A free, no obligation chat about your current mortgage and what you'd like to happen next. See what to expect at your first meeting.
Your recommendation
If you'd like to go ahead, we'd meet and go through your full details first, including your current deal, any early repayment charges, your income and your plans. We then compare your options and explain our recommendation and why.
Switching over
We handle the application and keep in touch with the lender, and any solicitor if needed, until your new deal starts.
What it costs
Your first meeting is free. Our fee is £295 for a product transfer with your existing lender, and £495 for a remortgage to a new lender. It's charged when we start researching for you, and we'll confirm it in writing before we start. This fee is not refundable once research has started, and this is confirmed in your client agreement. Lenders usually pay us a commission, known as a procuration fee, and we'll tell you the amount before you apply.
Questions people ask
When should I start looking at a remortgage?
Many lenders let you secure a new deal around three to six months before your current one ends, though this varies between lenders. Starting early gives you time to compare options without rushing.
Is it always better to switch to a new lender?
No. Moving can sometimes mean a lower rate, but there may be costs such as valuation or legal fees, and early repayment charges if you leave before your deal ends. Sometimes staying with your current lender works out better overall. We'll look at the full cost both ways.
Will I have to pay an early repayment charge?
If you leave your current deal before it ends, you may have to pay one. Your mortgage offer or annual statement will show the amount, and we'll check this before recommending anything.
What happens if I do nothing when my deal ends?
Your mortgage usually moves onto your lender's standard variable rate. That rate can change at any time and is often higher than a new deal, so it's worth reviewing your options in good time.
- Fareham
- Portchester
- Titchfield
- Stubbington
- Hill Head
- Lee-on-the-Solent
- Gosport
- Locks Heath
- Park Gate
- Warsash
- Sarisbury
- Whiteley
- Hedge End
- Botley
- Curdridge
- Shedfield
- Wickham
- Bishop's Waltham
- Portsmouth
- Hayling Island
This page is general information, not personal advice.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Early repayment charges may apply if you leave your current mortgage deal early.