🏡 Remortgage in Brentwood

Coming to the end of your current deal or looking to fix payments, reduce monthly costs, or release equity for improvements? At Mortgage Broker Brentwood, we help homeowners across Brentwood, Shenfield, Hutton, Pilgrims Hatch, Ingatestone and Warley review options and switch smoothly to a new mortgage that fits their plans.

💡 Why consider a remortgage?

• 📈 Avoid the SVR rise: Line up a new deal before your fixed/tracker period ends.
• 💰 Fix payments: Choose a 2–5+ year fix for budgeting certainty.
• 🔑 Release equity: Fund extensions, kitchens or energy upgrades.
• ⚙️ Restructure: Adjust term, switch repayment type (where eligible) or combine part-and-part.
• 🧾 Consolidate borrowing: Assess whether rolling other borrowing into the mortgage makes sense (subject to affordability and total-cost checks).

🏦 How remortgaging works

Your two main routes are a product transfer with your current lender or a full remortgage to a new lender. We compare both based on:

• 📊 Loan-to-value (LTV) bands: Lower LTV tiers often unlock better pricing.
• 💸 Fees & incentives: Some products include free valuation/legals; others carry product fees. We judge total cost.
• ⏰ ERCs: Early repayment charges apply if you leave too soon — timing is key.
• 🧮 Affordability & credit: New-lender remortgages typically require a fresh assessment.

🗓️ When to start

Most lenders let you secure a new deal up to 6 months ahead of your expiry. Early planning helps avoid SVR and ensures a smooth switch.

📋 Options at a glance

• ⚡ Product transfer: Fast and light on paperwork — ideal if your current lender is competitive.
• 🔄 Full remortgage: Can unlock sharper pricing or different criteria; incentives often included.
• 🏠 Further advance: Additional borrowing with your current lender for projects.
• 💳 Second charge: A separate secured loan when ERCs or timing make remortgage less suitable — we compare total cost.

📍 Brentwood specifics we watch

• 🏢 Flats near Brentwood & Shenfield stations: We check lease length, ground-rent clauses and service charges — important on certain blocks.
• 🏡 Hutton & Ingatestone homes: Valuation movements can shift you into better LTV tiers — worth checking early.
• 💼 Self-employed & contractors: Some lenders average 2–3 years; others consider latest-year or day-rate evidence.

💷 Costs to plan for

• 💰 Product/arrangement fee (zero-fee options may exist)
• 📄 Valuation & legal (often covered on remortgages)
• ⏳ ERCs if exiting early
• 📑 Exit/admin fees from your old lender

🧾 Documents we’ll usually need

• 🪪 Photo ID & proof of address
• 🏦 Last 3 months’ bank statements
• 📄 Payslips (usually 3 months) or self-employed accounts/SA302s + TYOs
• 📃 Current mortgage statement
• 🧱 Evidence for capital-raising (quotes/plans) if applicable

🪜 Step-by-step process

1. 📞 Review call: Confirm goals, remaining term and end date.
2. 📊 Market comparison: Your lender’s transfer vs wider-market remortgage options.
3. ✅ Decision in Principle: Lock terms and collect documents.
4. 📋 Application & valuation: We manage paperwork, valuation and any underwriter queries.
5. 🖋️ Offer & legals: Offer issued; solicitors complete the switch on the agreed date.
6. 🎯 Completion: New rate starts; we diarise a review before your next deal ends.

❓ Remortgage FAQs (Brentwood)

⏳ How early can I secure a new deal?

Typically up to 6 months in advance, which helps you avoid time on the SVR.

🔁 Is a product transfer easier than switching lender?

Usually yes, but a full remortgage can offer better overall value. We compare both routes for total cost.

💸 Will I pay ERCs if I remortgage early?

Only if you leave before your fixed/intro period ends. We time completion to minimise or avoid ERCs where possible.

🏗️ Can I raise equity for improvements?

Often yes, subject to LTV, affordability and valuation. Lenders may ask for quotes or a short summary of works.

💼 I’m self-employed — will that be an issue?

Not necessarily. Many lenders work with company directors, contractors and sole traders; the right packaging helps.