Are you looking to add or remove someone to your mortgage?

Whether you are looking to add someone to your mortgage or remove an existing co-owner we have the expertise to help. We will review your existing mortgage arrangements and establish whether amending your existing mortgage is the best option or whether you should consider a remortgage.

Read our FAQ's for further information...

Our service doesn't stop when we recommend a mortgage, we also deal with the remortgage application saving you time and effort dealing with the lender directly. As a Smaart Associates client you will have your own dedicated adviser supporting you through the remortgage process from day one. Our advisers are experienced in arranging a wide range of mortgages including large mortgages over £500,000.

Remember, our service is impartial, we work for you not the lender. For further information visit our about us page or why not take a look at what some of our customers have to say about our service.

As a whole of market mortgage broker we work hard to find you the right mortgage product. We are able to arrange mortgages with lenders who accept business from Mortgage Brokers.

What is a remortgage?

A remortgage is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security. The owners of the property can also be changed during this process.

Why remortgage?

You may wish to remortgage whilst taking over sole ownership of your home; this is common following a seperation or divorce or where a property was originally purchased with a family member or friend. A remortgage can be used to add a new owner to the mortgage and to release equity tied up in the property.

Can I increase my mortgage borrowing?

Provided you have sufficient equity and you can afford the mortgage repayments you can apply to increase the mortgage borrowing. Lenders may restrict the purpose of the increased borrowing, for example, raising money to buy out an ex partner, consolidating debt or to carry out home improvements are typically acceptable reasons to increase your mortgage.

Is remortgaging costly?

As with most mortgage applications there are fees involved. It is usual to pay a Solicitor and you might be expected to pay for the valuation of your property. Lenders may also charge you various fees specific to the mortgage scheme. The new lender may agree to pay some or all of the costs involved.

Some of the costs might include:

• Valuation charge
• Legal fees
• Arrangement fee (to lender)
• Early repayment charge or other penalty from your original lender.

How easy is it to remortgage?

It's usually very straightforward, firstly you should speak to your current lender to establish how much you owe on your mortgage and if any penalty would be charged if you change lender. The next step is to speak with a Smaart Associates mortgage broker who will compare the options being offered by your existing lender to those available in the wider mortgage market.

Before applying for a mortgage or remortgage it is important that you understand what your existing commitments are and how much you can afford in repayments for your mortgage. A Smaart Associates Adviser will help you establish a budget for your new mortgage but to get started please try using our online budget planner.

THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT