Residential Mortgages in Greenwich

Whether your current fixed rate is ending, you’re looking to lower monthly payments, or you want to release equity for home improvements, we help Greenwich homeowners remortgage with clarity and confidence. From riverside apartments near Cutty Sark and Deptford Creek to family homes around Greenwich Park, Maze Hill, Westcombe Park and Charlton, we’ll guide you through your options and keep the process moving smoothly.

Why Remortgage?

• New fixed rate: Move off a standard variable rate (SVR) to reduce payment volatility.
• Lower repayments: Secure a sharper deal or extend term to reduce monthly cost.
• Borrow more: Raise funds for renovations, debt consolidation, or a major purchase.
• Change product type: Switch between fixed/tracker, or add/remove features (offset, overpayments).
• Change borrower(s): Add or remove a party from the mortgage (subject to affordability and legal process).

When to Start

Most lenders allow you to secure a new rate up to 6 months before your current deal ends. Starting early gives time to compare options and avoid slipping onto a higher SVR.

Your Options in Greenwich

• Product Transfer: Stay with your current lender and switch to a new rate with light paperwork. Often fast, but not always the cheapest long-term.
• Like-for-Like Remortgage: Move to a different lender on similar borrowing and term to improve your rate or features.
• Further Advance / Additional Borrowing: Borrow extra with your current lender for home improvements (e.g., extensions near Westcombe Park or loft conversions in Charlton).
• Equity Release (Later Life): For eligible homeowners, specialist products may allow tax-free cash. (Requires regulated advice from an FCA-authorised adviser.)

How Lenders Assess a Remortgage

• Property Value (LTV): Up-to-date valuation determines your loan-to-value band and available rates.
• Income & Outgoings: Employed, self-employed or mixed income; commitments like loans, cards, childcare.
• Credit Profile: Payment history, utilisation, electoral roll.
• Property Type: Lease term and charges for flats near the river; construction type; any restrictions.

Costs to Factor In

• Early Repayment Charges (ERCs): Check if your current deal penalises exiting before the end date.
• Valuation & Legal: Many remortgages include free valuation and free legal packages; others may charge.
• Product/Arrangement Fees: Sometimes worth paying to access a lower rate; can often be added to the loan.

Step-by-Step: The Remortgage Process

1. Review & Goals: We confirm your current rate/end date, balance, and priorities (lower cost vs flexibility vs raising funds).
2. Illustrations: We outline like-for-like, product transfer and remortgage options so you can compare.
3. Decision in Principle (DIP): Soft-check borrowing with a chosen lender (if moving lender).
4. Application: Submit documents; valuation arranged.
5. Offer: Lender issues the offer; solicitors complete legal work and funds are set for the switch date.
6. Completion: Old mortgage is repaid; new deal starts (often timed with your existing deal end).

Raising Funds: Common Uses in SE10

• Home improvements: Extensions, kitchen upgrades, energy efficiency (windows/insulation/heat pumps).
• Debt consolidation: Combine unsecured debts into the mortgage to reduce monthly cost (consider total interest and term).
• Major purchases: Education fees or business investment (subject to lender criteria).

Self-Employed, Contractors & Mixed Income

We’ll help present income correctly (accounts, SA302s/Tax Year Overviews, contracts, dividends). Getting documentation right can unlock better affordability with mainstream or specialist lenders popular with Greenwich and Canary Wharf commuters.

Tips to Strengthen Your Case

• Check credit report: Ensure details are correct and on the electoral roll.
• Reduce utilisation: Lower credit card balances where possible before application.
• Prepare documents: ID, address proof, last 3 months’ bank statements, payslips or accounts.

How We Work

We provide clear information and introductions. When regulated mortgage advice is required, we introduce you to an FCA-authorised adviser who can recommend a suitable product for your circumstances.

Useful Links

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

Remortgage FAQs — Greenwich

When should I start a remortgage?

Around 4–6 months before your deal ends so your new rate is ready in time.

Is a product transfer easier than switching lender?

Usually yes, with lighter checks. But another lender may offer a better overall deal or features. We’ll compare both.

Can I raise extra funds when I remortgage?

Often yes, subject to affordability and LTV. Many clients in SE10 raise funds for refurbishments or energy upgrades.

Will I need a valuation and solicitor?

Most cases get a valuation. Many remortgages include free standard legal work; otherwise we’ll flag costs upfront.

What if I have historic credit issues?

Minor blips don’t always rule out options. We can introduce you to advisers familiar with flexible lenders.

Ready to Review Your Rate?

Talk to our Greenwich team about product transfers vs remortgages and how to time your switch. Send an enquiry or call 01277 548.