{"id":1552,"title":"Can You Remortgage Online? A Complete Guide for Homeowners","slug":"can-you-remortgage-online-a-complete-guide-for-homeowners","lang":"en","description":"With more financial services moving online, many homeowners are asking an important question: Can you remortgage online? The short answer is yes—online remortgaging is possible and increasingly common. However, the process, requirements, benefits, and risks…","content":"

With more financial services moving online, many homeowners are asking an important question: Can you remortgage online? The short answer is yes—online remortgaging is possible and increasingly common. However, the process, requirements, benefits, and risks are not always fully understood.

This guide explains how online remortgaging works, what you can and cannot do digitally, who it is best suited for, and what homeowners should consider before switching mortgages online.

What Does Remortgaging Mean?

Remortgaging means switching your existing mortgage to a new deal, either with your current lender or a new one. Homeowners usually remortgage to:

Get a lower interest rate
Reduce monthly payments
Fix an expiring introductory rate
Change the mortgage term
Release equity from their home

Remortgaging does not involve buying a new property—it simply replaces your current mortgage.

What Does Remortgaging Online Actually Mean?

When people talk about remortgaging online, they usually mean that most or all of the process is handled digitally, including:

Comparing mortgage deals online
Submitting an application through a website
Uploading documents electronically
Completing identity checks digitally
Tracking application progress online

In many cases, you may never need to visit a bank branch in person.

Can the Entire Remortgage Be Done Online?

In many situations, yes—but not always 100%.

Typically done online

Mortgage comparison
Application submission
Document uploads
Credit checks
Communication with lenders

May still involve offline steps

Property valuation (physical or hybrid)
Legal paperwork (sometimes digital, sometimes postal)
Final confirmation and completion

The level of digital processing depends on the lender, your financial situation, and property details.

Who Can Remortgage Online Most Easily?

Online remortgaging works best for borrowers with straightforward financial profiles.

You are a good candidate if you

Are employed or have stable income
Have a good credit history
Are remortgaging a standard residential property
Have sufficient equity in your home
Are not changing ownership details

Complex cases may still require broker support or manual review.

How Online Remortgaging Works

Step 1: Review Your Current Mortgage

Before starting, understand:

Your current interest rate
Remaining mortgage balance
Early repayment charges
End date of your current deal

This helps you decide whether remortgaging now makes financial sense.

Step 2: Compare Mortgage Deals Online

Most homeowners begin by using online comparison tools or lender websites to:

Compare interest rates
Review fixed vs variable options
Estimate monthly payments
Check eligibility

This step is fast and usually free.

Step 3: Submit an Online Application

Once you choose a deal, you complete an online application that typically asks for:

Personal details
Income and employment information
Property details
Existing mortgage information

Applications are often completed in under an hour.

Step 4: Upload Documents Digitally

Lenders usually request digital copies of documents such as:

Proof of income
Bank statements
Identification
Mortgage statements

Secure portals are used to upload files.

Step 5: Property Valuation

The lender assesses your property value.

Valuation methods

Automated valuation models
Desktop valuations
Physical inspections (if required)

Many remortgages do not require in-person visits.

Step 6: Legal and Administrative Checks

Legal work may be handled:

By the lender’s appointed solicitor
Through online conveyancing platforms

Some documents may require electronic signatures, while others may still be sent by post.

Step 7: Completion

Once approved:

Your new lender pays off the old mortgage
The new mortgage begins
Monthly payments switch automatically

The homeowner typically does not need to transfer funds manually.

How Long Does Online Remortgaging Take?

Timeframes vary, but online remortgaging is often faster than traditional methods.

Typical timelines

Simple cases: a few weeks
More complex cases: several weeks

Delays may occur if additional documentation or valuations are needed.

Benefits of Remortgaging Online

Convenience

You can complete most steps:

From home
At your own pace
Without visiting branches

This is especially useful for busy professionals or retirees.

Faster Processing

Digital applications and document uploads reduce administrative delays.

Easy Comparison

Online tools make it easier to compare:

Rates
Fees
Mortgage terms

Transparency helps borrowers make informed decisions.

Lower Costs in Some Cases

Some online-only deals may have:

Reduced fees
Cashback offers
No legal fees

Always read the full terms before deciding.

Clear Tracking

Many lenders provide dashboards that show:

Application progress
Outstanding requirements
Estimated completion dates

This reduces uncertainty.

Potential Drawbacks of Online Remortgaging

Limited Personal Advice

Online applications may not provide tailored advice, which can be a disadvantage for:

Self-employed borrowers
Complex income situations
Multiple properties

Not Suitable for Complex Cases

If you:

Have poor credit
Own unusual properties
Need to change borrower details

You may benefit from speaking with a mortgage adviser.

Overreliance on Headline Rates

The lowest advertised rate is not always the best overall deal once fees are included.

Is Online Remortgaging Safe?

Yes—when using regulated lenders and secure platforms.

Safety tips

Use reputable, regulated lenders
Check website security (HTTPS)
Avoid sharing details via unsecured email
Read privacy policies carefully

Mortgage providers are subject to strict financial regulations in most countries.

Do You Still Need a Mortgage Broker?

Online remortgaging does not eliminate the need for brokers.

A broker may help if

Your finances are complex
You want access to exclusive deals
You need advice on long-term strategy

Some brokers also offer fully online services.

Costs to Consider When Remortgaging Online

Even when applying online, costs may include:

Arrangement fees
Valuation fees
Legal or conveyancing fees
Early repayment charges

Always calculate the total cost, not just the monthly payment.

When Is Online Remortgaging a Good Idea?

Online remortgaging is often ideal when:

Your fixed-rate deal is ending
Interest rates are favorable
You want lower monthly payments
Your finances are stable

Planning ahead—often several months before your deal ends—can save money.

Common Mistakes to Avoid

Waiting until your current deal expires
Ignoring early repayment charges
Not checking total costs
Assuming approval is guaranteed
Overlooking future rate changes

Being proactive reduces financial risk.

Can Seniors or Retirees Remortgage Online?

Yes, many retirees successfully remortgage online, especially if they:

Have sufficient income or pension
Meet lender age criteria
Have adequate home equity

Age alone does not automatically prevent online remortgaging.

Bottom Line

So, can you remortgage online? Yes—for many homeowners, online remortgaging is a practical, efficient, and secure option. It allows you to compare deals easily, submit applications digitally, and complete much of the process without leaving home.

However, online remortgaging works best for straightforward situations. If your finances or property are complex, professional advice may still be valuable.

By understanding how the process works and what to watch for, homeowners can confidently decide whether online remortgaging is the right choice for their situation.

Disclaimer: This article is for informational purposes only. Mortgage eligibility, rules, and processes vary by lender and jurisdiction. Always seek professional advice before making mortgage decisions.

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