We found WTBSN after landing in a really tricky situation. We were out of term on our current mortgage and our existing broker had exhausted all options to re-mortgage due to the complex nature of our holiday let property (Grade II listed, timber frame construction and above commercial). Working under considerable time pressure due to the financial penalties being imposed by the existing lender, Brian was relentless in his search for a solution that would allow us to refinance a property that was on face value mortgageable. Thankfully, he didn’t give up and nine months later, we completed on the re-finance. We feel so fortunate to have found WTBSN and would like to thank Brian and the team sincerely for going the extra mile. We couldn’t have done it without you!
Quick & Easy Remortgage Deals
- Low rates available
- Instant decision
- Quick and easy application
- Getting a quote won't impact your credit score*
- Secure SSL Encryption
- Low rates available
- Instant decision
- Quick and easy application
- Geting a quote won't impact your credit score*
When The Bank Says No is working closely with leading providers...
Our Process really is that simple...
Fill out our online application & one of our Remortgaging Loans Expert will contact you to discuss it further.
Chat with an advisor & together we will find the best quote for you!
Take your time to make a decision, choose your deal & let one of our experts handle all the paperwork for you.
We can help you work towards your dream home, today
What Is A Remortgage?
Basically, a remortgage is changing the mortgage deal you’re currently committed to. This works by signing a new deal with your current lender or switching your lender completely. Either way, through remortgaging, you can usually save money and improve your present financial situation.
What are the different categories of remortgaging that we can help you with?
What Our customers say about us
Our Customers rank us 4.6 out of 5
We feel so fortunate to have found WTBSN
Rachel Reeves
Simply the best
I will never use another mortgage broker in all my time In property, these guys are the best at communication, customer service and keeping you informed. They are a level above every other broker I’ve come across and they actually get things done.
Emma, Samantha & Ashley have been fantastic in assisting me with 2 mortgages now and they’re superb at what they do. I wouldn’t hesitate to reccommend them to anybody out there who needs a mortgage sorting.
John Burton
I have been dealing with ben
I have been dealing with Ben @ When The Bank Says No. He has been great!! Professional, kept us up to date the whole way and made the entire process so simple. I would most definitely use him again and have already passed his details on to a family member. Thank you for all your help.
Elise
Thank you for your amazing support
Thank you for your amazing support and service during a really difficult time in my life. 5* is just not enough to demonstrate the level of support received. These guys go above and beyond. A personal service, with kindness and compassion. I highly recommend. If you’re struggling with your mortgage, then have a chat to this team. I cannot thank them enough for everything they have done.
Nabila Fowles-Gutierrez
Frequently Asked Questions
Can I remortgage with adverse credit?
Yes, remortgaging with adverse credit isn’t impossible to achieve. Nevertheless, you need to find the right lender, which is something our expert mortgage advisors can do for you. Overall, signing a remortgage deal is often easier than applying for a new mortgage, especially when you have bad credit.
What Are the Stages of the Remortgaging Process?
Basically, there are six stages for remortgaging, during which you need to work with a conveyancing solicitor. So, to gain a better understanding of the process and understand how it all works, keep reading…
1. Instructing the Conveyancer
Instructing is a term explaining enlisting the services of the conveyancing solicitor you choose to work with. Upon agreeing to handle your case, the solicitor sends you all the required forms to fill in. We can help you with this. After you return all the paperwork, the conveyancer should be ready to start working.
2. Completing ID Requirements
To move to the next stage of your remortgaging process, the conveyancing solicitor needs to confirm your identity. That’s why they may request your ID.
3. Receiving the Mortgage Offer
At this stage, your conveyancing solicitor should receive a copy of the new mortgage offer from the lender of your choice.
After that, the solicitor may request details of the existing mortgage redemption figures (if applicable). In other words, the redemption figures are the required fees to pay back your current mortgage early, including:
- The money you have left to pay on your mortgage
- Any interest due
- Any associated redemption or exit fees
4. Sending the Mortgage Deed
The mortgage deed is a legal document that you’re required to fill in and sign in the presence of a witness. Once you receive it from a new lender and sign it, your conveyancing solicitor returns it with a confirmation of receipt.
5. Establishing the Completion Date
After your conveyancer reviews all the documents, you can establish a date to complete your remortgage.
6. Completion
As a completion step, your new lender sends the loan money to your conveyancer, who, in turn, uses the money to settle your current mortgage. This includes paying any redemption fees or admin charges.
Furthermore, in case you remortgage with additional funds, your conveyancing solicitor sends you the extra money.
When shouldn’t I consider remortgaging?
How long does it take to remortgage?
The whole remortgaging process can take you anywhere from four to eight weeks depending on your circumstances, and also who you have handling it for you. If you’re not having drastic changes with your mortgage, or are looking to remortgage with your existing lender, the work involved can be minimal and the process much shorter.
When the Bank Says No ensures that you only ever apply to a specialist mortgage lender who is more likely to give approval to someone in your particular circumstances. This usually means that delays are kept to a minimum and your remortgage is achieved when you actually need it.
How soon can I remortgage?
Theoretically, you can remortgage at any time. However, only a few lenders consider remortgaging within the first six months of moving into the property.
Whether you have a three or five-year fixed term, we don’t usually recommend remortgaging through this period, as it can be quite expensive to do so. Therefore, what’s often best for you is to wait this period out so that you don’t have to deal with early repayment charges.
Can I remortgage if my mortgage balance is small?
Useful Links
How We Help
Contact Us
- 01615 038 603
- hello@whenthebanksaysno.co.uk
-
Oak House,
Sutton Quays Business Park,
Beechwood,
Sutton Weaver,
Runcorn,
WA7 3EH
Other Links
Legal Information
When The Bank Says No is a trading name of Alder Rose Mortgages Limited whome are directly authorised and regulated by the Financial Conduct Authority under FCA No. 923776.
Registered office address: Oak House, Sutton Quays Business Park, Beechwood, Sutton Weaver, Runcorn WA7 3EH. This site is intended for UK customers only. Company Registrations no, England and Wales 11443964.
The Financial Conduct Authority does not regulate some forms of buy to let mortgages.
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.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments. Think carefully before securing other debts against your home.
We are a broker not a lender.
*Please note: Submitting your details through this form will not affect your credit score, however a hard check on your credit history may be done before you finalise taking out a loan.
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