Mortgages for today and tomorrow
Our professional remortgage advisors make it easy for you to switch your rate to save money, keep your mortgage tailored to your needs or even borrow more to improve your home.
Why remortgage?
You may be able to save money by switching to another mortgage product, reduce your mortgage term or borrow a bit more for that new kitchen.
When should I start?
We recommend you give our expert remortgage advisors a call at least 5 or even 6 months before your existing rate expires. That gives us time to do our work so you don’t ever pay more than you have to.
How can we help?
Our advisors will make sure your mortgage continues to match your needs, comparing your existing lenders offering with the rest of the market to find the most suitable mortgage.
So, how does it all work?
A remortgage, or refinance, is when you take out a loan on a property on which you already have a mortgage. Quite simply, remortgaging replaces your existing mortgage with another, which can be done because your existing product is coming to the end of its’ term, because you want a cheaper rate, to change the terms of your loan or to borrow more money for things like home improvements.
- Your current mortgage product is coming to an end
If your existing mortgage is coming to an end shortly, we strongly suggest you get in touch with our remortgage advisors at least 5 or even 6 months before your existing mortgage product ends. This gives us enough time to review your circumstances, check what your existing lender is going to offer you to stay with them and compare this with what else is available elsewhere on the market. It’s important not to just automatically switch to a new mortgage product with your existing provider as unfortunately, some lenders work hard to entice you in first of all and then do not offer the very best rates to keep you at the end – crazy we know! This means you could be switching to a rate that is not only more expensive than you could have got elsewhere but also no longer suitable for you as your personal circumstances may well have changed. - You want to borrow more
When it comes to refinancing and remortgaging, many clients like you decide that this is the perfect time to try to raise some more funds to finally get that new kitchen or do up the bathroom you promised you would do soon after you moved in. If the value of your home has increased since you bought it and the loan decreased you may find you have enough equity in the property to borrow a little bit more than you now owe for this purpose. We can help work out if this is possible, affordable and indeed sensible to do at this stage. - You want to change your mortgage terms
Many people overlook one of the most important things when it comes to remortgaging; are the terms of your current mortgage still relevant to you? Staying with your existing lender often means just switching to a new rate without revisiting your affordability and circumstances. For example, it may be that you can now afford to
shorten the term of your mortgage because your income has increased and the rates available are cheaper than when you first took out the loan. Doing this could have huge benefits, as it will get you closer to owning your home outright and may also result in saving hundreds or even thousands of pounds of interest.
If you are lucky enough to have savings this could also be achieved by taking out an offset mortgage that your existing lender may not even offer.
We strongly recommend you take some professional advice before you do anything and we are of course delighted to impart some pearls of wisdom to help you decide whether to remortgage.
The whole remortgage process need not be complicated, in fact we help to make it as easy as 1, 2, 3 (with an added 4, 5 and six)
- Four to six months before your existing rate is due to expire, speak to one of our highly experienced remortgage advisors. You can pop us a message through our contact form or give us a call on 020 7220 5110. In the meantime, you can use our remortgage calculator to see how much you can save by remortgaging, although this can depend on any exit fees.
- You will receive a letter from your existing lender telling you what they can offer.
- We compare this with what is available elsewhere, including any exit fees or early repayment charges that apply to your current mortgage. We also match your needs and changes in your circumstances to ensure you are getting the most suitable product, loan amount, loan term and features.
For example, if you’ve just had children and want to borrow more to do up the garden or kitchen, your perfect deal would be different from someone who has received a lump sum and wants to reduce their loan to value ratio. - Once your broker has found the best deal they’ll get in contact with you to talk you through it and make sure your situation hasn’t changed. Once everything is confirmed you can apply for the new mortgage through us, even if it is best to stick with your existing provider as we have direct, online access through all the major lenders. We can help you check your credit history, get the right paperwork together and find out the outstanding balance on your current mortgage. We will make sure the process is smooth, easy and you receive professional advice you can rely on.
- Once your new mortgage has been accepted and the money has come through you can pay off the outstanding balance on your old mortgage and close the account.
- You benefit from our Lifetime Promise and we will look after you every time you need to refinance or remortgage, making sure you never pay more than you have to
As our client, we promise to look after your mortgage needs with the highest level of care and attention you expect from a professional advisor, helping to educate you in a down-to-earth manner to make the right financial decisions. Each time you return to us you will receive our expert guidance and advice to ensure that no deadline is ever missed and you never pay a penny more than you absolutely need to.
We will keep in contact to update you on the status of your mortgage and always notify you well before your existing mortgage product is due to expire.
Important information
You may have to pay an early repayment charge to your existing lender if you remortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
Latest remortgaging offers
We know you’re curious so we’ve picked out some of today’s best remortgage rates to give you an idea which lenders and interest rates could be available to you.
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Initial rate
Overall cost for
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Latest mortgage best buys
Based on a mortgage of £300,000 and a property value of £600,000.
Remortgages guides
Check out our remortgage guides to see how easy it is for you to save money or pay for that dream kitchen.
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Samina Sharmin
"Great experience with Coreco My mortgage process was handled with expert professionalism from start to finish..."
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Samina Sharmin
Great experience with Coreco
My mortgage process was handled with expert professionalism from start to finish by Coreco. Danielle and David were amazing—providing great advice and reassuring me during a stressful time. I lost count of how many times I emailed them with multiple queries, but they always responded promptly with helpful advice. Over the past three months, they have worked diligently on my remortgage, keeping me informed about any changes, including mortgage rates and early repayment fees. I highly recommend their services and will certainly be in touch again in two years when my mortgage deal expires.
Robert Statham
"Jan and Jenny made the mortgage renewal easy Jan and Jenny made the mortgage renewal process..."
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Robert Statham
Jan and Jenny made the mortgage renewal easy
Jan and Jenny made the mortgage renewal process very easy and kept us updated with the rates way before the actual renewal date. Even got us a better rate even after we secured initially. Highly recommend
Leslie
"Responsive and Knowledgeable This was my first time buying a property that was not my primary..."
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Leslie
Responsive and Knowledgeable
This was my first time buying a property that was not my primary home. I had more questions and change of circumstances along the way. I also was working against some short timeframes. I am grateful that Scott Lambert and Stacey Denham were on top of things. Everything went to plan. I have used Coreco in the past for my primary home and again a positive experience.
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