Remortgaging Guide

As a local Liverpool firm, AL Mortgage Solutions have a personal and stress free process for our clients. We work closely with you to help find the best deal for your circumstances which may result in you saving thousands.

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A Guide to Mortgages for Those Remortgaging

Remortgaging can happen more frequently than you think. For example, every time your deal comes to an end you’ll want to remortgage. If you don’t, you run the risk of going onto the lenders standard variable rate which is often a lot higher than other rates offered by other lenders.

Remortgaging can potentially save you thousands of pounds over the lifetime of your mortgage and here’s the good news… When you arrange your mortgage with us, we’ll look after you for the rest of your life and always make sure you’re on the best deal for you at any given time.

Please bear in mind remortgaging involves a whole new application to another lender and will require solicitors to deal with the legality side of things. This is why it’s crucial for you to get advice from an expert on what your options are and the best way for you to proceed. AL Mortgage Solutions will search the whole market for you, find you the best deal and process the whole application from start to finish.

What is Remortgaging?

A remortgage simply means switching from one lender to another either to get a more suitable deal.

Why should you remortgage?

You might think your current lender will offer you the best deal out there but I’m sorry to say that often isn’t the case. This is because they will only offer you what they have available, they won’t look at competitors products to find the best deal for you.
We will, and we’ll do one better… we’ll also check with your current lender and let you know if staying with them works out best.

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

When Should I Remortgage?

When your initial rate is coming to an end (i.e. the end of your 2 year fixed rate)

The best time to do this is 3 – 6 months before the end of your initial rate period (fixed, tracker, etc) as it takes a long time for everything to be finalised. It can be done quicker, but it’s always best to be on the safe side. This means you’ll have a nice smooth change over from one lender to another… as soon as one deal finishes the other one starts.

When rates are low (lower than when you took out your original mortgage)

The best time to do this is 3 – 6 months before the end of your initial rate period (fixed, tracker, etc) as it takes a long time for everything to be finalised. It can be done quicker, but it’s always best to be on the safe side. This means you’ll have a nice smooth change over from one lender to another… as soon as one deal finishes the other one starts.

When you want to borrow additional funds

There other many other reasons you may want to remortgage. You may want some additional funds to do an extension, buy a car, get married, pay off credit cards and loans, etc and the good news is, these reasons are all acceptable. But the bad news is, not to every lender. That’s where we come in… we’ll speak to you to find out exactly what you want to do, advise you on the best lender to go with and then complete the whole transaction for you.

When your home has increased in value

One of the best things about buying a house is the rate at which it can increase in value. Sometimes it will increase in value quicker than you imagined and you could suddenly find yourself with a large amount of equity sitting in your home. Lenders will generally give you a much better rate if the amount you owe them is much lower than the value of the property. This is looked at as a % and is known as the loan to value (LTV). The lower the LTV, the better the rate. Speak with our advisers to find out if you can get a better deal today.

Our Mortgage Products

Read more about the different Mortgage products we can offer. 

First Time Buyers

Buying your first home? Look no further, AL Mortgage Solutions are here to help to make this exciting time as enjoyable as possible for you. 

Mortgages for first time buyers

Moving Home

A stressful time for buyers and sellers, AL Mortgage Solutions take the stress away from the Mortgage aspect of moving home.

Mortgages for moving home

Buy To Let

Buy to let Mortgages are increasingly popular with investors choosing to buy property rather than saving with low interest bank rates.

Buy to let mortgages

A Personal, hassle free aprocess.

“We know the stress and hassle surrounding buying a new home, retmortgaging your existing home or making your first step onto the property ladder. Our team do everything we can to take that stress away to help you enjoy your new home.

With a personal approach for each of our customers with your own dedicated mortgage broker to answer any of your questions and provide you with the support to ensure a seamless Mortgage application and funding process. “

Alex Leppert

Owner & Mortgage Broker, AL Mortgage Solutions

What our Customers Say

Don’t just take our word for it, read what our fantastic customers have to say about their experience with AL Mortgage Solutions. 


neave brennan
neave brennan
14/05/2024
Such an amazing service and team ! Made a stressful time so relaxing and no question felt too silly to ask ! Would 100% recommend AL MORTAGE 👍🏾
Emma Hanson
Emma Hanson
09/05/2024
Victoria is a wonderful adviser! She really explains everything and has helped me so much. She made sure I have the right life policies in place as other advisers in the past didn’t even bother talking to me about it. Thank you so much Victoria 😊
Shaun Coakley
Shaun Coakley
27/04/2024
Everyone we dealt with was great throughout the process of buying our first house. Explained everything clearly and they were always there to answer any questions, even after the purchase was done. When things started to move fast through the process Alex was happy to give us a phone appointment even though he was abroad on holiday. Couldn't be happier with the service we received and can't recommend them enough!
Charlotte Davis
Charlotte Davis
14/04/2024
Alex and his team are brilliant. Navigated us through 2 of the most challenging years of our lives and as attempted to sell our home and buy a bigger property. We hit hurdle after hurdle with circumstances that were beyond our control but Alex and his team were always the calm we needed when we need to change budget or lend more money. They made the entire process of applying for and getting approved for a mortgage stress free and were also flexible and very patient when we asked questions. Thanks for all you do! Highly recommended. Posting this as we did our house warming this weekend.
Paige Wilson
Paige Wilson
11/03/2024
10/10 service and would 1000% recommend. We contacted Al Mortgage Solutions last year on a whim to get a better understanding of our circumstances. Alex sat down with us and went through everything, we came out of the meeting with no questions unanswered and ready to start looking for our first home. Our offer was accepted three weeks later and we completed 6 months after that. It's been a longer process than we would of liked but Alex and his team have been on hand through out the whole process to answer all of our questions no matter how stupid or small. Alex and the team are simply amazing, I'm sure Beth is was sick of hearing my voice and seeing my name pop up! We honestly couldn't recommend these enough. Thank you all so much! Paige and Paul.
Jake Nuttie
Jake Nuttie
03/11/2023
Excellent service that made re-mortgaging effortless. Alex kept us up to date at all stages and ensure we understood everything, ensuring we got the deal that was right for us and offered us the best value. Sarah arranged life and critical illness cover which again was effortless and now gives the confidence that all aspects are protected. 10/10 fantastic service, would highly recommend.
Alina Dragan
Alina Dragan
11/10/2023
This people are the best. I called them many times , for different reasons, and always I got the best advice, and they helped me at all the time. I recommend them 100% .
Holly Fearon
Holly Fearon
02/09/2023
My partner and I are first time buyers and contacted Alex back in Nov last year after a recommendation from a friend. We had recently moved back from Australia and found out that we had a little one on the way, so buying a house was a huge priority. Having been abroad for 4 years we were told by multiple banks that getting a mortgage would be difficult which is why we contacted Alex. I cannot recommend Alex and his team enough, they where all so helpful and really did their research to find us a lender so we could buy a home for our growing family. Absolutely excellent service and I would highly recommend AL Mortgage solutions for anyone looking to buy a home. Thank you all so much :)
Conor O'Dea
Conor O'Dea
01/09/2023
This is our 3rd mortgage/remortgage now with Alex and the team and as always can’t fault their service. This time round as well Alex stayed on late to get everything over the line for us as the lender announced a rate increase with 12 hours notice. Safe to say Alex got us the cheaper rate boxed, much appreciated as always going that step beyond!!
freshpander man123
freshpander man123
26/07/2023
Excellent service, responsive and friendly