A QUICK
OVERVIEW
Remortgaging refers to the process of switching your current mortgage to a new deal, either with your existing lender or a different one. Whether it’s to take advantage of a more cost-effective interest rate, release equity for home-improvements or to consolidate debts, remortgaging can be a smart financial decision. At Prism, we use our expertise to guide you through the remortgage process seamlessly.
Benefits of using Prism for remortgaging:
- Tailored Advice: Each remortgaging scenario is unique. Whether it’s a like-for-like remortgage to a new lender, a product transfer with your existing lender, or your accessing some of the cash in your home, our advice is tailored to your specific needs.
- Comprehensive Market Review: Our access to the whole of the market means you’re not limited to your current lender’s deals. We’ll find the most competitive rates available to you, some of which are exclusive or not available directly from lenders, or from other brokers.
- Experienced Advice: Our years of expertise, working with the UK’s leading financial institutions, give us the insight to guide you on the best path, whatever your circumstances.
- Transparent Digital Process: Our online approach ensures you’re always in the loop, with straightforward processes and timely updates.
- No Jargon: We pride ourselves on clear and concise communication. No confusing jargon, just straightforward advice tailored to your needs.
Process/Steps Involved:
- Pre-Qualification: Click here to use our online affordability calculator to get an idea of what you can borrow.
- Initial Consultation: Click here to book a free initial consultation to discuss your needs and aspirations.
- Documentation: With our electronic documentation process via our Customer Login page, you can securely submit all necessary paperwork online.
- Financial Review: We’ll assess your financial situation, taking into account your income, expenses, and any other relevant factors.
- Agreement In Principle: We will secure an Agreement In Principle for you (AIP); This will provide clarity on the remortgage options available to you.
- Application Submission: We’ll provide a tailored recommendation and manage the submission of your mortgage application from start to finish.
- Regular Updates: From application to approval, we’ll keep you informed every step of the way.
- Completion: Once your mortgage is approved and the legal work done, your remortgage will be completed.
