Many homeowners start exploring options 3–6 months before their current deal ends, so an adviser has time to review the market and arrange a switch before they fall onto the lender's Standard Variable Rate (SVR).
A Standard Variable Rate is your lender's default rate when your fixed deal expires. SVRs are typically higher than new fixed-rate products. A mortgage adviser can explain how this might apply to your mortgage.
You may be able to, but early repayment charges (ERCs) may apply. A mortgage adviser can review the timing and any ERC implications for your situation.
Some lenders require a valuation; others offer free valuations or no-valuation products. Your adviser will explain what a chosen lender needs.
First-Time Buyers
Most lenders look for a minimum 5% deposit. On a £250,000 property, that's £12,500. A larger deposit usually opens up more options. A mortgage adviser can talk you through what may be available.
A mortgage (or Decision) in Principle is a statement from a lender confirming how much they'd be willing to lend you in principle. It's not a guarantee, but estate agents often want to see one before accepting offers. Your adviser can arrange one as part of the advice process.
Schemes such as Lifetime ISAs, Shared Ownership and First Homes can help first-time buyers. Eligibility, terms and stamp duty relief vary. A mortgage adviser can explain which schemes might be relevant to you.
From accepted offer to completion, typically 8–12 weeks, though it can vary. Having a Decision in Principle in place often helps speed things up.
Self-Employed
Many high-street lenders look for 2–3 years of accounts; some specialist lenders may consider 1 year. A mortgage adviser can identify lenders whose criteria might suit your situation.
It varies by lender — some use salary + dividends (for directors), others net profit (for sole traders), or SA302 tax returns. A mortgage adviser can identify lenders whose calculation methods are most favourable for your set-up.
Some specialist lenders treat CIS income differently from standard self-employment. A mortgage adviser can identify lenders who consider CIS income.
Possibly. Lender criteria vary widely. A mortgage adviser can review your situation and explain what may be possible.
Fees & costs
No. The introduction is free.
If your mortgage adviser charges a fee for their advice or arranging your mortgage, they will disclose it to you in writing before you commit to anything. You will always know the cost up front.
You may also pay lender arrangement fees, valuation fees, solicitor/conveyancer fees, and stamp duty (for purchases). Your adviser will walk you through these as part of the advice.
Any adviser fee structure will be confirmed in writing before you commit. Nothing is payable to Remigo at any point.
The Process
Once an application is in, remortgages typically take 4–8 weeks and purchases 8–12 weeks. Requesting a callback takes around 60 seconds. Your adviser manages the application timeline if you choose to proceed.
Typically: payslips, recent bank statements, proof of ID, and proof of address. Self-employed applicants need tax returns or company accounts. Your adviser will give you a clear checklist for your lender.
No. Requesting a callback does not involve a credit check. Any credit checks would only happen later if you decide to progress to a Decision in Principle (often a soft search) or full application (a hard search).
Your adviser will keep you updated through the advice and application process by email and phone.
Credit & Eligibility
Some specialist lenders consider applicants with adverse credit history, including CCJs, defaults, and IVAs. A mortgage adviser can review your situation and identify what may be possible.
There is no universal minimum score. Each lender has its own criteria. A mortgage adviser can explain how lenders are likely to view your profile.
Common steps include registering on the electoral roll, checking your credit report for errors, reducing outstanding debts, and avoiding new credit applications in the months before applying. A mortgage adviser can give specific guidance for your situation.
Most lenders use a soft search for a Decision in Principle, which doesn't affect your credit score. Your adviser will confirm which type of search a chosen lender uses before proceeding.