01332 257087
Want To Remortgage for a Better Rate?Whatever Your Mortgage Needs, We Can Help

Want To Remortgage for a Better Rate?
Whatever Your Mortgage Needs, We Can Help

Get a Free Quotation Today
Want To Remortgage to Raise Capital?Whatever Your Mortgage Needs, We Can Help

Want To Remortgage to Raise Capital?
Whatever Your Mortgage Needs, We Can Help

Get a Free Quotation Today
Want To Remortgage to Pay Off Your Debts?Whatever Your Mortgage Needs, We Can Help

Want To Remortgage to Pay Off Your Debts?
Whatever Your Mortgage Needs, We Can Help

Get a Free Quotation Today
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What type of quote do you require:

Mortgage Details:


Personal Details:

Has any applicant ever had a property repossessed?

Has any applicant ever received any defaults or CCJs?

Has any applicant ever been Bankrupt or subject to an IVA?

Are you an existing client of MAS?

Insurance Details:

Insurance Required:

With Decreasing Term Assurance, the amount of cover provided will gradually decrease over the course of the term. This makes this type of cover the most cost-effective policy to run alongside a Repayment Mortgage as the cover will reduce each month in line with your outstanding mortgage balance.

With Level Term Assurance, the amount of cover remains the same for the term of the policy. This type of cover is often used to protect an Interest Only Mortgage.

A Whole Of Life Assurance policy will remain in force for life as long as the premiums are maintained.


Do you require Critical Illness Cover?

Insurance Details:

Insurance Required:

Property Type:

Insured Property Details:

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Have you made any claims in the last 5 years?






The Remortgage Process

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home > remortgage > remortgage process

The key stages below outline the process involved in remortgaging a property.

  1. Ascertain the loan amount you require

    If you are looking to swap your mortgage to another provider to save money by getting a lower rate then you will need to find out from your current lender how much is outstanding. It is also a good idea to confirm that you will not be expected to pay an Early Redemption Charge or ‘ERC’. If you are still paying the introductory rate with your current lender then it is likely that an ERC will be payable. Think carefully before paying this fee just to move the mortgage to another provider, this may reduce your monthly payments but the increase in the loan amount may cost you more in the long run.

  2. Think carefully before increasing your loan amount to pay off other credit

    Take time to consider the effect of adding any current credit you have to your mortgage. In some circumstances, it is beneficial to repay current credit by increasing your mortgage loan. Your mortgage adviser will be able to help you decide whether it is a good idea to raise money by increasing your mortgage to repay current debts.

  3. Make a Note of Your Personal Details

    When you have found a mortgage adviser that you would like to help you find the best product to suit your requirements, the first thing they will need to do is collect information about your personal circumstances. It will speed this process up if you have information to hand regarding all applicants’ address history, income details, a breakdown of your current monthly outgoings and details relating to any existing credit you may have. It is important that you are as open and accurate as possible with all information you give to your adviser. This process is referred to as the ‘Fact Finding’ process.

  4. Inform your Adviser of Your Requirements and agree on a mortgage lender and product

    Tell your adviser about any preferences you have in regards to your new mortgage. I.e. if you want to be able to make overpayments or take payment holidays, or if you want to fix your rate for a certain amount of time.

  5. Submission of Application to Lender

    Once you have agreed a mortgage product, and you have provided all the necessary documents such as identification and proof of address, your adviser will submit an application to the Lender on your behalf.

  6. Choose a Solicitor

    As with purchasing a new property, a re-mortgage will require you to appoint a solicitor to act for you and the lender. If you don’t already have a solicitor, we can introduce you to one. Many lenders will offer to pay for your conveyancing as an incentive for choosing them

  7. Valuation, Confirmation of Details Provided

    Once the Lender receives your application, they will carry out various checks and almost certainly carry out a Valuation Report on the property to be mortgaged. Although you will receive a copy of this Valuation Report, it is mainly for the Lender’s benefit. You may be required to pay for this report upfront but more and more lenders are now offering a free valuation as an incentive for choosing their products.

  8. Mortgage Offer

    Once the Lender has carried out all necessary checks and has fully approved your application, they will issue a formal ‘Mortgage Offer’. Once you have accepted this offer, both you and the Lender will be legally bound by its terms. It is likely that there will be set conditions that you must satisfy before the Lender will release the mortgage funds to your Solicitor for completion. An example of a condition would be that you must always have a valid Buildings Insurance Policy with a sufficient sum assured.

  9. Conveyancing and Completion

    Once the lender has issued the Mortgage Offer, a copy will be sent to you, your mortgage adviser and your solicitor. Your solicitor will follow the instructions in this offer and set a completion date. This process will usually take around 1 week depending on the lender and conveyancing firm. Once the file is ready for completion and the new lender has released funds to your solicitor, they will settle your current mortgage and any extra funds being raised will be sent back to yourselves.

Finding the best Mortgage Products & putting the Customers first

Very satisfied. Paul explained everything well and answered any queries which we had. The mortgage was handled and completed without any stress. We were kept up to date regularly. Very good service. We were kept up to date with the process and contacted immediately if any further information was needed. The staff which we dealt with were very helpful any efficient. Would recommend.

Mr & Mrs W of Market Drayton

Finding the best Mortgage Products & putting the Customers first

Excellent, very fast process and Sara helped where others weren’t able to. Very straight forward and trouble free.

Mr R of Norfolk

Finding the best Mortgage Products & putting the Customers first

Excellent, knowledgeable service.

Mr & Mrs E of Norwich

Finding the best Mortgage Products & putting the Customers first

We found Paul to be very helpful from the onset. He always arrived on time for any meetings arranged convenient to ourselves. He kept us updated throughout and answered any questions that we had within a short period of time. Everything was explained to us in an easy to understand manner. We would both like to express our thanks to Paul.

Mr & Mrs W of Burton-on-Trent

Finding the best Mortgage Products & putting the Customers first

No problems at all with Steven, went through seamless, thanks for all your help.

Mr C from Merseyside

Finding the best Mortgage Products & putting the Customers first

I was really impressed by Iwan’s knowledge. He explained everything which was going to happen which put my mind at rest and I had total faith in what he was doing on my behalf.

Mrs F of Manchester

Finding the best Mortgage Products & putting the Customers first

I am pleased to do this survey, Steven was really helpful and gave some really wonderful advice without this I would have struggled due to my circumstances now having cancer. It was a Blessing that I took the critical illness & income protection. My circumstances would have been different financially. I would fully recommend your services to my family & friends. I have had some very helpful advice from Steven Muskett and also very wonderful Tracy Fox for them being there when I needed them has helped me to no end.

Mrs R of Skelmersdale

Finding the best Mortgage Products & putting the Customers first

Elizabeth made me feel as if she was doing the best she could for me to ensure I received a good deal. Everything was done quickly and efficiently with continued updates to its progress. Can’t thank Elizabeth enough. Quick and efficient can’t fault them and thank you all very much.

Ms C of Basingstoke

Your Home May Be Repossessed if You Do Not Keep Up Repayments on a Mortgage or Any Debts Secured on it.

From time to time, Mortgage Advice Services, or its industry partners, may contact you and offer to review your financial circumstances. If you do not wish to be contacted by us, you may notify us by sending an e-mail to info@mortgageadviceservices.co.uk; or by telephoning 01332 257 087; or by writing to The Compliance Department, Mortgage Advice Services, 16 St Christopher’s Way, Pride Park, Derby, DE24 8JY. Mortgage Advice Services is a trading style of Home Finance Advice Holdings Limited. Home Finance Advice Holdings Limited is an Appointed Representative of Affinity Select Insurance Services Limited, which is authorised and regulated by the Financial Conduct Authority. Home Finance Advice Holdings Limited is registered in England Number 08038330. Affinity Select Insurance Services Limited. Registered Office: Horsted Square, Bellbrook Business Park, Bell Lane, Uckfield, East Sussex, TN22 1QG. Registered in England Number 03565404. You can check this on the Financial Services Register by visiting the FCA’s website register.fca.org.uk/ or by contacting the FCA on 0800 111 6768. The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK. ©2019 mortgageadviceservices.co.uk, full terms and conditions apply. The Financial Conduct Authority does not regulate Trusts

Where you have a complaint or dispute with us and we are unable to resolve this to your satisfaction then we are obliged to offer you the Financial Ombudsman Service to help resolve this. Please see the following link for further details: http://financial-ombudsman.org.uk
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