Remortgage advice – how to remortgage.

Deal Direct offer accurate and impartial remortgage advice to all home-owners wanting to switch deals. We are currently experiencing an increase in demand with many of you wanting to move away from your current rising SVR deal.

With remortgage comparison currently sitting at the top of many mortgage holders 'to do list' the best remortgage advice we can offer is make a switch now.

However, we understand that some of you may be unfamiliar with remortgaging therefore we have put a simple guide together to help you understand.

Step one is to contact Deal Direct.

Issue us with an instruction to compare all of the best remortgage deals on offer. Once we have compared rates we can advise you on the most competitive deals available from which you can chose.

Step two is to apply for a remortgage deal.

You will be credit-checked and asked submit documentation in support of your application including payslips, bank statements and proof of identity.

Step three is the mortgage offer.

Once your application is accepted we will issue a mortgage offer. If you are happy with the lenders offer then you sign and return the paperwork. Note at this point you are not bound by the offer and so have the option pull out of the deal if you change your mind.

Step four is the legal work.

Some lenders have a panel of solicitors and conveyancers to choose from or you may choose to appoint your own. Whoever is appointed will act on behalf of both you and your mortgage provider. Your existing lender will be asked to send title deeds and a redemption figure. Any necessary searches will also be carried out at this time.

Step five is to set a completion date.

Step six is to sign the mortgage deed.

Step seven is to report on title

Your solicitor submits a report on title to your new lender confirming you have proper title and that it's safe to lend.

Step eight is the request of funds

Your solicitor will ask for the funds from your new lender and sends these to your existing lender on the completion day. Any extra funds borrowed will be release to you shortly after.

For the very best remortgage advice contact Deal Direct and we will help you to switch to a great new deal.