What to ask before your mortgage renewal
A remortgage conversation should cover more than the headline rate. Fees, stress testing, valuation and future plans can materially change the result.
Set out the whole portfolio
Give the broker accurate rent, debt, ownership and anticipated works information. Portfolio lending decisions rarely sit in isolation.
Compare total cost
Include product fees, valuation, legal work, early repayment charges and the effect of the rate across the intended holding period.
Allow time
Start early enough to correct records, discuss property values and consider alternatives before the current arrangement expires.
Editorial note
General information only. Check current official guidance and obtain advice for your circumstances.