Remortgaging and further loans

During your mortgage term, you may wish to change lender to get a better deal, borrow more money or do both. There are different rules for doing this, depending on whether you are a leaseholder who owns 100% of your property or a shared owner. 

There will be costs if you move to a new lender: your present lender will charge you a fee, called a redemption penalty. You will also have to pay the cost of arranging a new mortgage. We recommend you consult a financial adviser or mortgage lender to help you find the best deal for what you need. 

Please note, we charge you an administration fee for dealing with changes to your mortgage.