If your current mortgage deal is ending soon, or you want to release equity for improvements, a remortgage in Brentwood could reduce your payments and free up funds. With house prices rising across Brentwood, Shenfield, and Hutton, many homeowners are remortgaging to secure better deals before moving onto costly Standard Variable Rates (SVR).
Why Remortgage?
- Lower monthly payments: Avoid expensive SVR rates
- Release equity: Pay for renovations or family support
- Debt consolidation: Merge borrowings into one (specialist advice required)
- Change terms: Adjust repayment length or move from interest-only
See more on our Remortgages page.
Step 1 – Review Your Current Deal
You can usually secure a new deal up to six months before your current one ends. Acting early avoids paying SVR.
Step 2 – Product Transfer vs. Full Remortgage
- Product transfer: Quick switch with your lender
- Full remortgage: Move lenders for better rates, requires legal and valuation checks
Step 3 – Loan-to-Value (LTV)
LTV impacts the deals available:
- 90% LTV = fewer, higher cost products
- 75% LTV = strong range of rates
- 60% LTV = premium products at the best pricing
Rising Brentwood property values may mean you now qualify for a lower LTV bracket.
Step 4 – Using Equity
Many homeowners remortgage to release funds for:
- Extensions and loft conversions
- Kitchen or bathroom upgrades
- Energy efficiency improvements
- Helping children with deposits
Over 55? A Lifetime & Equity Release Mortgage might also be worth considering.
Step 5 – Watch Fees
- Arrangement fees: £999–£1,499
- Valuation/legal fees: Many lenders cover these
- Early repayment charges: Check before switching
Step 6 – Brentwood Property Market
- Shenfield: Strong demand due to Elizabeth Line
- Hutton: Family homes with rising equity
- Ingatestone: Attractive village setting with long-term value
- Central Brentwood: Flats and terraces with solid rental demand
Step 7 – EPC Ratings
Lenders increasingly consider EPC ratings. Upgrades like insulation or new heating systems can unlock better mortgage deals and reduce energy bills.
Step 8 – Apply at the Right Time
Apply 4–6 months before your deal ends. Many lenders let you switch to a lower rate if one becomes available before completion.
Step 9 – Mistakes to Avoid
- Leaving it too late and paying SVR
- Over-borrowing without a repayment plan
- Focusing only on the rate and ignoring fees
- Failing to check your credit file early
Step 10 – Specialist Situations
If you’re self-employed, a contractor, or have adverse credit, mainstream lenders may say no. Specialist lenders can often help. See our Adverse Credit Mortgages page.
Brentwood Remortgage FAQs
How long does remortgaging take?
Product transfers: days. Full remortgages: 6–12 weeks.
Do I need a solicitor?
Yes, for full remortgages. Many lenders provide basic legal services free.
Can I remortgage early?
Yes, though early repayment charges may apply. Switching can still be cheaper overall if rates rise.
Can I release equity?
Yes — many Brentwood homeowners remortgage for home improvements or family support.
What if I have bad credit?
Specialist lenders may still help, though rates are higher.
Next Steps
Remortgaging in Brentwood can save money and release funds for your plans. Visit our Remortgages page or request a callback to be connected with an FCA-regulated adviser.