Re-mortgaging

If your mortgage rate is coming to an end, you will need to contact your mortgage advisor or lender to arrange a new deal. We suggest that you allow at least three months for this process; if you are changing lender or borrowing more money, the mortgage lender will need our consent to postpone the second charge on your property.

We will not consent to postpone the second charge for any mortgage rate exceeding 7.5%, for any mortgage which has a linked current account or reserve facility or for interest only or self-certified mortgages. We cannot give our consent for re-mortgaging for the purposes of debt consolidation.

If your further advance is for home improvements or essential repairs you will need to supply copies of estimates for works and detailed plans, planning permission and building regulations if required.

Need more information? Take a look at our Homeowners Handbook.