Remortgage broker
If your mortgage deal is due to expire or you’re just looking for a better deal, welcome, you’re in the right place. You can rely on our independent remortgage advice to find the right remortgage deal for your circumstances. The best part? We don’t charge for our advice or our mortgage services.
Call our mortgage experts for free advice today on 033 0088 4407
“Stress busting service. We couldn’t believe how professional the team were. Took so much stress out of the remortgage process. Found us the best deal, continually updating us on the progress of the remortgage. A thorough and friendly service.”
Paul N.
Remortgage with YesCanDo Money, free online mortgage brokers
Whether your current mortgage deal is coming to an end, you’re worried about rising monthly payments, or you want a better mortgage product that fits your lifestyle, we’re here to offer advice based on your personal circumstances.
We have a proven track record of helping homeowners across the UK. We offer independent mortgage advice and have access to 90 mortgage lenders and hundreds of deals, so you can be confident we only have your best interests at heart.
Once you’ve decided on a new deal, we will manage the whole process, including your mortgage application and chasing solicitors – basically, all of the things that make getting a mortgage stressful, we’ll take off your hands.
Call us on 033 0088 4407 or send us a message for expert mortgage advice today.
How does a remortgage work?
A remortgage means switching your mortgage to a new mortgage deal, either with your existing lender or a new lender.
Most people remortgage when their fixed-rate deal ends, to avoid slipping onto their lender’s standard variable rate (SVR), which is often much higher. Others remortgage to free up more money (known as equity release), or to shorten their mortgage term. Some people are simply looking for a better interest rate to reduce their monthly payments.
It’s a big financial decision, and the right deal can help you save money and give you more financial freedom.
Staying with your existing lender
Sometimes, staying put is the best move. Known as a “product transfer,” remortgaging with the same lender can be quicker and involve fewer checks. YesCanDo Money is a whole market mortgage broker, so we will always shop around to present you with the best deals, both from your existing lender and new lenders.
Less admin – you won’t have to apply for a new mortgage, so there is less paperwork
No credit checks
Fast process – it can be sorted in a few days.
No fees – like legal or valuation costs.
Fewer options – you’re limited to one lender’s mortgage products, which may not be as competitive. Or their products might not suit your goals or circumstances.
Missed opportunities – you might miss out on better rates, terms or perks elsewhere.
Switching to a new lender
By shopping around, we can often find deals with better rates, lower monthly repayments or more flexible terms, depending on what your goal is. You’ll need to make a new mortgage application, including affordability checks, a property valuation, and a credit search, but we’ll handle the entire process.
More choice – we compare over 14,000 products from more than 90 lenders to find the best deal for your circumstances.
Lower payments – lower mortgage rates could significantly reduce your monthly mortgage payments.
More flexible terms – if you’re looking for terms your current lender can’t offer, it makes sense to find one that can.
More admin – you’ll need to complete a new mortgage application, but don’t worry – we take care of all the paperwork.
Upfront costs – there may be legal, valuation, or arrangement fees (don’t worry, we’ll flag these early).
Credit check – most lenders perform a credit search on new customers.
Grant Humphries
“Remortgaging isn’t just about chasing lower interest rates. It’s your chance to check in on your finances, realign your goals, and potentially save thousands. It’s about making smart, informed choices that set you up for the future.”
When is the best time to remortgage?
The sweet spot is around 3–6 months before your current deal ends. This gives you enough time to compare your options, avoid early repayment charges, and get on a new deal before you automatically roll over to your lender’s Standard Variable Rate.
Affordability and eligibility criteria for remortgaging
Getting the right mortgage depends on two key factors: what you can afford, and whether you meet a lender’s eligibility criteria, which varies a lot.
Affordability
Lenders want to know that you can manage your monthly repayments comfortably. They’ll look at the following to make their assessment:
- Income (salary, self-employment earnings, bonuses)
- Outgoings (bills, childcare, debt payments)
- Future costs (such as protection insurance or home improvements)
If you’re self-employed, it’s true that there may be fewer options, but don’t worry – we are experienced in helping people find self-employed mortgages and know which lenders to approach.
Eligibility
Eligibility varies by specific lender, but most assess:
- Credit score
- Employment type and history
- Your age and remaining mortgage term
- The value and condition of your home
They will also consider the type of mortgage you want, such as fixed-rate, buy-to-let or interest-only. Each type comes with a different level of risk for the lender, so they may tweak their criteria for each type of product. We’ll walk you through each step and help you understand what’s realistic and how to improve your chances.
10 steps to remortgaging with YesCanDo Money
Here’s how the whole mortgage process works, from the very beginning right through to your new deal going live.
1. Look out for your lender’s reminder
You’ll usually get a letter 3–6 months before your deal ends. Ask for a closing balance so you know exactly what’s left to repay.
2. Speak to a mortgage broker (that’s us!)
We’ll chat through your goals, review your current deal, and search the whole market to find your best remortgage options, whether that’s fixed, tracker, or interest-only.
3. Get your paperwork in order
Start gathering payslips, bank statements, and ID, as you’ll need these for affordability checks.
4. Get a mortgage in principle
This confirms how much you could borrow and shows you’re eligible.
5. Decide whether you’re staying or switching
If you stick with your current lender, it’s usually a quicker process. If you switch, we’ll help you choose the right lender and deal.
6. Instruct a solicitor (if switching lenders)
You’ll need a conveyancer to handle the legal side when moving to a new lender.
7. Book a property valuation
New lender? You’ll likely need a valuation. Staying put? Your current lender will usually do a desktop valuation, unless you are borrowing more.
8. We’ll submit your mortgage application
We’ll handle the admin and chase everything up for you.
9. Receive your mortgage offer
Once the lender approves everything, you’ll get your formal mortgage offer.
10. Switch complete!
Your solicitor will draw down the funds, repay your old mortgage, and register the new one. Done and dusted.
Use our mortgage calculator
Our mortgage calculator can give you a quick idea of how much you could borrow and if a new deal could save you money.
Enter your sole or joint income below and see how much you can borrow.
For a more detailed and personalised mortgage affordability, book a free call with our expert mortgage advisers.
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Our clients’ satisfaction speaks volumes about our service quality. YesCanDo Money is proud to have earned a 5-star rating on Trustpilot, reflecting our dedication to providing top-notch, personalised mortgage advice and services. We take pride in our commitment to excellence, ensuring that every client receives the best possible guidance and support.
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Frequently asked questions - remortgage broker
How long does the remortgaging process take?
It typically takes between 18–40 days, but it depends on the specific lender, and factors like how complex your finances are and how efficient your solicitor is. We’re great at chasing things up and will keep things moving and update you at every stage.
Do I need a deposit to remortgage?
You don’t need a cash deposit to remortgage. Your home equity acts as the deposit for your new mortgage.
Do I get money when I remortgage?
It is possible to borrow more money when you remortgage, in which case you’ll receive the difference in cash. This is known as equity release and is often used for home improvements, paying off debts or perhaps helping a first-time buyer in the family.
Can I remortgage with bad credit?
While bad credit can limit your options, many lenders offer specialist deals for borrowers with missed payments, debt management plans and even County Court Judgements (CCJs). It’s a good idea to use a mortgage broker if you have bad credit, as we can provide advice and know which lenders have more flexible criteria.
Do I need to review or renew my protection policies when I remortgage?
It’s a good idea to review your insurance when you remortgage to make sure it still meets your needs. This is especially important if your financial circumstances have changed since you last remortgaged, or you are borrowing more money. If your mortgage is increasing, or if you’re changing lenders, your current policies may no longer be enough. Our mortgage experts can offer protection advice as part of the remortgage process, including life insurance and income protection.
Get expert remortgage advice from YesCanDo Money
Ready to get started? Whether you’re months away from your deal ending or need help right now, our team is here to provide expert advice on your mortgage options with zero pressure and zero fees. Contact us now, and one of our friendly mortgage advisers will be in touch ASAP.
- Call us on 033 0088 4407
- Message us on WhatsApp
- Or fill out our quick contact form
