Remortgaging - How to remortgage your house | Royal Bank of Scotland

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Remortgaging

Considering moving your mortgage?
Find out all you need to know here...

Get an Agreement in Principle Steps to remortgaging

Your home may be repossessed if you do not keep up repayments on your mortgage

Royal Bank mortgages are available for over 18s

What is remortgaging?

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House icon

What is remortgaging?

 

Remortgaging is when you change the mortgage on your property to another lender... or, you can choose to stay with your current provider and apply for a different mortgage

In both cases you could change the mortgage term or the amount that you're borrowing 

This is a great opposrtunity to see if you could save on your monthly repayment by choosing a mortgage with a lower interest rate

If you secure a lower interest rate, you could choose to keep the same monthly payment...paying your mortgage off quicker!

Early repayment charges and product fees may apply.

Steps to Remortgaging

Use our simple three-step guide to help make the remortgaging process as smooth as possible.  

  • Step 1

  • Step 2

  • Step 3

Step 1

Find out how much your home is worth and how much you have left to repay

Guess what... if you're moving your mortgage to us we will pay your valuation and legal fees. Exclusions apply.

Get a copy of your latest mortgage statement from your current provider in order to find out how much you have left to repay. 

Tips: 

✔ Check if there are there any Early Repayment Charges on your current deal

✔ What type of mortgage are you currently on? Are you on a Standard Variable Rate or a Fixed Rate? Check out our range of Mortgages available and explore your options. 

✔ Check out our range of Mortgages available and explore your options

Step 2

Find out how much you could borrow

Research the best deal for you and make sure you're aware of any administration or exit fees which could apply to your current deal. Now could be a good time to review your finances overall and see where you could save. 

Tip:

✔ Use our 'How much can I borrow?' Tool to understand out rates and estimate your monthly costs
  

Step 3

Check out our mortgage rates

Now that you've completed your research and you're ready to apply, why not use our online Agreement in Principle Tool and get an indication of how much we could lend you? 

Tips:

✔ Our Agreement in Principle Tool gives a personalised view of the mortgages that could be available for you 
 

✔ It's just a soft credit check so there won't be any impact on your credit file

Ready to take the next step?
Get an Agreement in Principle
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