• Your guide to remortgaging

    Remortgaging simply means switching your current mortgage to a new one, without moving home. There are plenty of good reasons to remortgage with The Nottingham. So let us show you the way with our essential guide.

    • Why remortgage?
    • We can help

    When remortgaging can help you

    To save money

    • If you’re coming to the end of an existing deal and about to go onto your current lender’s Standard Variable Rate (SVR), it’s certainly worth checking for other deals. You may find one that offers a better rate and reduces your monthly payments or that helps you to pay off your mortgage quicker.

    To invest in your current home

    • If you’ve outgrown your current house but really don’t want to move, then you can remortgage to raise the funds to let you make improvements, such as an extension or loft conversion

    To release equity in your home

    • If you’ve lived in the same house for a while and have some equity built up, then remortgaging could allow you to get access to that money

    How The Nottingham can help with remortgaging

    We have a range of remortgaging products with competitive rates that may be ideal for your current needs.

    Find the right mortgage

    Potential benefits of remortgaging with The Nottingham include:

    • Wide range of product options to match your needs
    • Lower monthly payments, so you have more money in your pocket
    • Free legal work and free valuations (with many products) to make it easier to switch
    • Fully portable mortgages, so if you move you can take your mortgage product with you
    • The ability to make overpayments to your mortgage without incurring an Early Repayment Charge (ERC) (up to 10% of the loan value per year)

    We also offer: Expert advice

    We know that you’ll have questions about changing your mortgage, so we’re here to help with any concerns. We’ll work out with you how much you want to borrow, how much you can afford to repay each month and we’ll show you the products that match your needs. To find out more come in to your local branch and speak to one of our mortgage advisers. If we don’t have the right deal for you, we can arrange to search the whole financial market to find a mortgage that is.

    Find your nearest branch or call us on 0844 481 4444

    We also offer: Help with the application form

    Our mortgage advisers are on hand to help you complete your application form. Once we have accepted your application, you will be sent a Mortgage Offer, which confirms your acceptance and includes a full illustration of the mortgage costs and terms.

    We also offer: Help with legal work and fees

    With most remortgages, there is some legal work involved. We can arrange this for you (usually free of charge). There will also need to be a valuation of your property – again, we often carry this out for you free of charge (see individual products for details).

  • THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Nottingham Building Society is a member of the Building Societies Association and the Financial Ombudsman Service and is a participant in the Financial Services Compensation Scheme. Nottingham Building Society is authorised by the Prudential Regulation Authority (opens in new window) and regulated by the Financial Conduct Authority (opens in new window) and the Prudential Regulation Authority. Registered under number 200785. Registered address, Nottingham House, 3 Fulforth Street, Nottingham NG1 3DL.

Nottingham Building Society is an introducer to Towergate Financial (East) Limited for investments, pensions and protection. Towergate Financial (East) Limited is authorised and regulated by the Financial Conduct Authority. (opens in new window)

Nottingham Building Society’s home insurance is underwritten by Royal & Sun Alliance Insurance plc registered in England and Wales. (company number 93792) at St Mark’s Court, Chart Way, Horsham, West Sussex, RH12 1XL. Royal & Sun Alliance is authorised by the Prudential Regulation Authority (opens in new window) and regulated by the Financial Conduct Authority (opens in new window) and the Prudential Regulation Authority. (opens in new window) Terms and conditions apply. For your protection, telephone calls may be recorded and monitored.

Nottingham Mortgage Services is the trading style of Nottingham Mortgage Services Limited registered in England and Wales (company number 03089887). Nottingham Mortgage Services is an appointed representative of Intrinsic Mortgage Planning Limited which is authorised and regulated by the Financial Conduct Authority. (opens in new window)

Nottingham Building Society is an introducer to The Will Writing Company for estate planning services and is regulated by the Institute of Professional Will Writers.

Nottingham Building Society is an introducer to Dignity Pre-Arrangement Limited who provide the Guaranteed Funeral Plan.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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