Remortgaging Simplified

Remortgaging Simplified

UK property finance has built a reputation as a specialist broker, providing finance options for more niche and complicated cases. Over the years, UK Property Finance has helped a park home site next to a nuclear power station, sourced funding for an old BT exchange station, and even helped and, on many occasions, provided welcome lifelines when eviction has loomed.

You may be forgiven for thinking that, as a broker, UK Property Finance tends to stay clear of the basic aspects of property finance. However, as you are about to read, the advisors and processing team made light work of a simple remortgage. Work out the costs of a mortgage using our UK mortgage calculator.

What is remortgaging your property?

Remortgaging is typically the process of changing from one lender to another; however, it is possible to remortgage with the same mortgage provider. Remortgaging is a loan based on the equity held in your property, like how a secured loan works. Clients often come to UK Property Finance to remortgage their property when they have come to the end of their fixed period and want to source a better interest rate. A lot of clients also use the funds to make home improvements such as an extension or a new kitchen or bathroom.

It is important to add that typically raising funds this way can take between 4 and 8 weeks and even longer if any issues occur, according to This was not to be the case with UK Property Finance’s next client…

The heart of the home

Robert and Julie from Aldershot, Surrey, wanted to extend their kitchen to create an open kitchen/dining room and family room. The couple both loved socialising at the weekends and wanted to host dinner parties more often. The current galley kitchen didn’t lend much to creating a social atmosphere for themselves.

The summer was fast approaching, and I optimistically wanted to make use of the better weather to undergo the work. After a short Google search, the couple found UK property finance and decided to call further to read positive trust pilot reviews online.

Fast financing

Julie discussed in detail with the advisor their plans for extending the kitchen and how much it meant to them to have this new space that they could entertain in. The advisor was able to gather all the information to source some very competitive quotes from the whole of the market. Negotiated on behalf of the clients was the opportunity to use the lender’s chosen solicitors for free. The opportunity fit the couple’s plans perfectly, and they quickly decided to proceed by submitting their application. By processing Robert and Julie’s application so quickly, UK Property Finance was able to obtain an offer back from the lender within 10 days! Completion was set for the following nine days. In total, the process from application to completion took 19 days, which is far quicker than conventional expectations.

The couple is nearing the date of their first dinner party, and the team at UK Property Finance is looking forward to comparing before and after photos of the project.

UK Property Finance, sourced:

  • Remortgage with a competitive rate
  • Fixed rate
  • Free legals
  • 19 days completed