Remortgages in Lee

We help homeowners in Lee, Hither Green, Grove Park and Blackheath review their mortgage and secure suitable new deals. Whether your rate is ending or you want to release equity for improvements, we’ll walk you through the remortgage process step by step.

Why Remortgage?

• Secure a new fixed rate: Avoid moving onto a higher SVR.
• Lower monthly payments: Improve rates or adjust term.
• Release equity: Fund projects such as new kitchens, bathrooms or extensions.
• Switch product type: Move between fixed, tracker or offset where available.
• Change borrowers: Add or remove a party on the mortgage.

When to Start

It’s usually sensible to start looking at options 4–6 months before your current deal ends.

Your Options in Lee

• Product Transfer: Stay with your existing lender and switch to a new deal.
• Remortgage to a New Lender: Move to a lender offering more suitable terms.
• Further Advance: Additional borrowing for home improvements or other goals.
• Later Life Lending: Accessed via FCA-authorised advisers where appropriate.

How Lenders Assess a Remortgage

• Property Value & LTV: Based on current market value in SE12/SE13.
• Income & Expenditure: Employment or self-employed income and committed outgoings.
• Credit Record: History of payments and outstanding credit.
• Property Type: Terraced houses, flats, maisonettes and ex-local authority properties are all underwritten differently.

Costs to Factor In

• ERCs: Early repayment charges if leaving your current deal early.
• Valuation & Legal: Often free on many remortgage products.
• Product Fees: Can be added to the loan if appropriate.

Step-by-Step: The Remortgage Process

1. Review: Assess your current deal, monthly payments and objectives.
2. Compare: Look at new deals with your lender and alternatives.
3. DIP: Obtain a Decision in Principle if switching lenders.
4. Application: Submit documentation; valuation instructed.
5. Offer: Lender issues a new offer; legal work is completed.
6. Completion: New mortgage replaces your old one on the agreed date.

Raising Funds: Common Uses in SE12

• Extensions or loft conversions.
• Garden offices and home-working space.
• Debt consolidation, subject to careful advice.

Self-Employed & Mixed Income

We help package salary, self-employed earnings and additional income streams to support affordability with suitable lenders.

Tips to Strengthen Your Case

• Check credit files across the main agencies.
• Reduce short-term borrowing if possible.
• Keep bank accounts in good order in the run-up to application.

How We Work

We provide clear information and introductions. Where individual advice is required, we introduce you to an FCA-authorised mortgage adviser to recommend a suitable remortgage.

Useful Links

Mortgage Calculator · First-Time Buyers · Buy-to-Let · Contact Us

Remortgage FAQs — Lee

Can I remortgage if my property value has increased?

Yes, and a lower LTV band may unlock better rates.

Do I have to stay with my current lender?

No—you’re free to shop around, and sometimes another lender is more competitive.

Ready to Review Your Rate?

Talk to our Lee team about your remortgage and next steps. Send an enquiry to start the process.