How to remortgage fast and get your remortgage completed quickly and efficiently.
In this lens we look at how you can remortgage your property quickly and efficiently with the minimum of fuss. The information here will give you to top tips you need to know and do when you want to remortgage quickly.
Top Tips To Remortgaging Quickly
Read on to learn the secrets of how to remortgage your property fast.
Top tips to remortgaging your property quickly
First of all what is fast? How fast is fast? Is one person's fast another's slow. OK so the terms fast or quick are subjective dependent on you and your circumstances. We'll I've done some market research for you within the mortgage broker market and the industry average quoted is between 4 to 6 weeks for start to completion. However, a lot of brokers state that it could normally happen quicker if x y z had happened. Well ladies and gentlemen here are those (xyz) items that you need to speed up your remortgage.
Here's a thought before I list the tops to remortgaging quickly. I have personally known a remortgage take 5 working days from phone call to legal completion. Now that was exceptional, but if you could get somewhere between that and 4-6 weeks I'm guessing you would be happy with the Improvement.
Top Tips when looking to remortgage quickly.
1. Be mentally prepared, ask yourself why do you want to remortgage, what's the purpose? Are you looking for a better/cheaper deal. Are you looking to capital raise or are you looking to consolidate debts into your mortgage. What sort of mortgage do I want, fixed, flexible offset etc.
2. Before you even speak with your mortgage broker dig out the following bits of information and have them to hand. If you can't find them obtain them
a. Proof of the last 12 months mortgages payment / mortgage statement.
b. Last 3 months wage slips
c. Your last P60
d. Last 3 months bank statements
e. Your passport and a recent utility bill.
(Not all this may be required, however, better to have and not need)
3. Be prepared most mortgage lenders charge valuation fee's which is an upfront cost of the transaction.
4. Go online and quickly check what your house is estimated to be worth hometrack.co.uk this will give you a realistic value when ask.
5. OK now make the call to a mortgage broker who is authorised and regulated by the Financial Services Authority and can give a full advice and recommendation service.
a. Ensure you have got sufficient time (about an hour) to spend chatting with your broker. A good broker will want to really get to know your personal circumstances so that he or she can get you the best deal to suit your circumstances goals and aspirations. Time spent here really is important to you.
b. Don't be afraid to say to your mortgage broker that you are wanting do this quickly, this will help guide their selection; and that you have gather the documents in point 2 ready.
6. When you are happy with your broker's selection and it meets your budgetary requirements and circumstances sign and return all the paper work as soon as possible, making sure you check your Key Facts Illustration. Critical Stage The quicker you get your signed paper work back to your mortgage broker the fast the mortgage offer will be produced and the faster you legally complete.
7. Make sure the Valuation Firm have all your contact details, mobile number, work number, email and home number, and be prepared nip home within your lunch break to let them in. Speed here pays off.
8. Solicitors: do your elected firm meet the lenders requirements normally 2 or more partners. Are they ready to act on your behalf?, do they have a reputation of being quick and efficient?
9. Be prepared: to use guaranteed next day mail, go and see your broker or solicitor. Push your previous lender
10. Focus: Keep focused on the goal, it's not a good idea to go on holiday half way through the process.
Should your need a fast remortgage broker to act quickly for you please contact Enable Finance 0800 316 1612 (sorry UK only)
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Enable Finance Ltd. is authorised and regulated by the Financial Services Authority The overall cost for comparison is 8.42% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
First of all what is fast? How fast is fast? Is one person's fast another's slow. OK so the terms fast or quick are subjective dependent on you and your circumstances. We'll I've done some market research for you within the mortgage broker market and the industry average quoted is between 4 to 6 weeks for start to completion. However, a lot of brokers state that it could normally happen quicker if x y z had happened. Well ladies and gentlemen here are those (xyz) items that you need to speed up your remortgage.
Here's a thought before I list the tops to remortgaging quickly. I have personally known a remortgage take 5 working days from phone call to legal completion. Now that was exceptional, but if you could get somewhere between that and 4-6 weeks I'm guessing you would be happy with the Improvement.
Top Tips when looking to remortgage quickly.
1. Be mentally prepared, ask yourself why do you want to remortgage, what's the purpose? Are you looking for a better/cheaper deal. Are you looking to capital raise or are you looking to consolidate debts into your mortgage. What sort of mortgage do I want, fixed, flexible offset etc.
2. Before you even speak with your mortgage broker dig out the following bits of information and have them to hand. If you can't find them obtain them
a. Proof of the last 12 months mortgages payment / mortgage statement.
b. Last 3 months wage slips
c. Your last P60
d. Last 3 months bank statements
e. Your passport and a recent utility bill.
(Not all this may be required, however, better to have and not need)
3. Be prepared most mortgage lenders charge valuation fee's which is an upfront cost of the transaction.
4. Go online and quickly check what your house is estimated to be worth hometrack.co.uk this will give you a realistic value when ask.
5. OK now make the call to a mortgage broker who is authorised and regulated by the Financial Services Authority and can give a full advice and recommendation service.
a. Ensure you have got sufficient time (about an hour) to spend chatting with your broker. A good broker will want to really get to know your personal circumstances so that he or she can get you the best deal to suit your circumstances goals and aspirations. Time spent here really is important to you.
b. Don't be afraid to say to your mortgage broker that you are wanting do this quickly, this will help guide their selection; and that you have gather the documents in point 2 ready.
6. When you are happy with your broker's selection and it meets your budgetary requirements and circumstances sign and return all the paper work as soon as possible, making sure you check your Key Facts Illustration. Critical Stage The quicker you get your signed paper work back to your mortgage broker the fast the mortgage offer will be produced and the faster you legally complete.
7. Make sure the Valuation Firm have all your contact details, mobile number, work number, email and home number, and be prepared nip home within your lunch break to let them in. Speed here pays off.
8. Solicitors: do your elected firm meet the lenders requirements normally 2 or more partners. Are they ready to act on your behalf?, do they have a reputation of being quick and efficient?
9. Be prepared: to use guaranteed next day mail, go and see your broker or solicitor. Push your previous lender
10. Focus: Keep focused on the goal, it's not a good idea to go on holiday half way through the process.
Should your need a fast remortgage broker to act quickly for you please contact Enable Finance 0800 316 1612 (sorry UK only)
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Enable Finance Ltd. is authorised and regulated by the Financial Services Authority The overall cost for comparison is 8.42% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
