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  • FIRST POST
    • doraappa
    • By doraappa 9th Jul 17, 10:31 PM
    • 14Posts
    • 1Thanks
    doraappa
    How much time does it take to process a remortgage?
    • #1
    • 9th Jul 17, 10:31 PM
    How much time does it take to process a remortgage? 9th Jul 17 at 10:31 PM
    Hello

    I am looking to remortgage for first time. If I make a remortgage application today, how long does it take to finalise and complete in reality based on your experience? I understand it will be quicker than buying for first time but just want to get a sense of time (weeks, months)?

    Thanks
Page 1
    • glosoli
    • By glosoli 9th Jul 17, 10:41 PM
    • 673 Posts
    • 391 Thanks
    glosoli
    • #2
    • 9th Jul 17, 10:41 PM
    • #2
    • 9th Jul 17, 10:41 PM
    Assuming you are referring to switching lenders entirely, anywhere between 3-8 weeks, depending on who you are going with.
    • Edi81
    • By Edi81 10th Jul 17, 5:35 AM
    • 428 Posts
    • 289 Thanks
    Edi81
    • #3
    • 10th Jul 17, 5:35 AM
    • #3
    • 10th Jul 17, 5:35 AM
    I have just remortgaged and it has taken 9 weeks. Leasehold flat and I was on holiday which delayed it.
    • chelseablue
    • By chelseablue 10th Jul 17, 11:44 AM
    • 2,395 Posts
    • 2,868 Thanks
    chelseablue
    • #4
    • 10th Jul 17, 11:44 AM
    • #4
    • 10th Jul 17, 11:44 AM
    Was wondering the same thing. Currently with Halifax and our fix is up in March next year.

    Thinking of starting the process after Christmas, hopefully that should be long enough!
    Mortgage starting balance 231,000
    Mortgage after Year 1 225,000
    Mortgage after Year 2 218,000
    • debtisnotme
    • By debtisnotme 10th Jul 17, 12:32 PM
    • 103 Posts
    • 78 Thanks
    debtisnotme
    • #5
    • 10th Jul 17, 12:32 PM
    • #5
    • 10th Jul 17, 12:32 PM
    If you are keeping the same term and borrowing don't forget to see what options your existing lender can provide, I just switched mine to a new rate online, took two minutes.
    Debt on 25/5/17
    Mortgage 61,999 59,335
    Secured loan approximately 20,000 19,353
    Unsecured debt in DMP with Stepchange 38,887 37,763
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