New Deals

Pick your new deal, fill in an application form and return it.

Nowadays you can normally apply for remortgages online or over the phone, as well as in high street branches. And if you are using an independent broker they should be able to sort out all the forms on your behalf as well, so all you have to do is sign and return them. The great thing about remortgaging is that your new lender then takes control of the whole process – and as they want to get you signed up and paying interest as soon as possible they will be as keen as you are to get the job done quickly. They will even deal with your old lender for you so you don't even need to tell your old bank or building society manager that you are moving on.

When you return the application form you may be asked for some other paperwork such as latest proof of your income. Your home may have to be valued and the new lender will probably find a local valuer who can get the job done at a time to suit you. But even this can be more convenient than it sounds as in many cases lenders only need so-called ‘drive-by’ valuations which can be carried out from the street.

Some legal work will be required, but again your new lender will probably suggest that you use its lawyers to streamline the process and keep the costs down. So you don’t need to find or speak to a solicitor yourself. With some low or no fee remortgage deals you may even get the valuation and legal work done for free.