What information do I need for my remortgage?

When you speak to us you will probably know most of the information off the top of your head. However, it may be useful to know what information we will need to be able to help you.

Your current mortgage details

We will need to know which lender your current mortgage is with, your current balance, the remaining term and monthly payment. We would also need details of your current interest rate and if there are any Early Repayment Charges and when they finish.

Income details

Accurate income details are essential. Breaking your income down into basic salary, bonuses and overtime is particularly important as mortgage lenders have different calculations when assessing affordability. If you are self-employed then you won’t have payslips, generally speaking lenders will ask for your latest 2 tax returns if you have those to hand, they will contain all the information we need.

Other debts and regular outgoings

It is also important when we are checking affordability that we give the lenders accurate figures for any other financial commitments you may have. Typically, this would include any loan payments, credit card balances, childcare costs and pension payments. It is also important to include any additional mortgages and properties you own.

Your future plans

We also need to know what your future plans are, of particular importance would be any planned moves, home improvements or changes to your financial situation, we need to factor these in when advising on the best mortgage product for you at the time.

If you need any remortgage advice, we are here to help. Our service is fee free and without obligation.