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  5. Your mortgage explained

How to remortgage your home

Learn about the process of remortgaging and see how we could help you save money.

Before you apply

  • See if remortgaging is right for you

    Remortgaging means moving your mortgage from one lender to another.

    Already have a mortgage with us?
  • See if you could get a free standard conveyancing and valuation package

    You could qualify for this free mortgage package.

    How to get the free package
  • Find the right mortgage deal

    Use our mortgage calculator to find out how much you could borrow, and compare our rates.

    See our rates
  • Get a mortgage in principle

    This is a document that states whether or not you're eligible for a mortgage. it also states how much we could lend you.

    • No impact on your credit score
    • It only takes 10 minutes online
    • There's no obligation to take out a mortgage with us
    • Remember though - getting a mortgage in principle doesn’t guarantee you a mortgage offer. For that you need to go through a full application.
    Get a mortgage in principle

    Check our eligibility criteria

Apply for your mortgage

  • Gather your documents

    When you apply for a mortgage, we’ll need some things from you to confirm your identity, circumstances and mortgage requirements.

    Check which documents we’ll need from you

    You may also need a solicitor to remortgage your property.

    Find out if you qualify for our free remortgage package
  • Apply

    By phone or in branch, completing your full mortgage application could be easier than you think.

    • Our mortgage team will be with your from start to finish, to explain what's involved.
    • If the mortgage you’ve chosen has a product fee, you may need to pay it at this stage.

    Your home may be repossessed if you do not keep up with repayments on your mortgage

    How to apply
  • Your application’s complete!

    Now we’ll assess your mortgage application, and keep you up to date on its progress.

    Check what happens behind the scenes

Behind the scenes

  • We check all the documents

    Our team will start to process your application now. We might need confirmation of income from your employer, so we'll send out a form for you to fill in and return to us.

  • Instructing your valuation

    We'll get our valuer to come and view your property. They'll then check to make sure that the property is in a mortgageable condition and report back to us.

    We'll also calculate the expected value of your property.

  • Remortgage complete!

    Once all the checks have been successfully completed, we'll send you a mortgage offer.

After completion

Your first monthly repayment

Your first payment will be taken one calendar month after completion.

The next payment will be on the date of the month you specified during the application. This payment may be slightly higher due to the way we charge interest.

Make overpayments to save in the long run

Overpayments are when you pay an extra amount into your mortgage, with the aim of reducing your interest in the long run or reducing your term time.

If you have a fixed rate mortgage, you can overpay by up to 10% of your outstanding mortgage balance each year. If you overpay more than 10% each year during your fixed term, however, you will incur an early repayment charge. Once your fixed term ends, you won't need to pay an early repayment charge.

Customers who have a tracker mortgage can make unlimited overpayments without incurring an early repayment charge.

Full details of early repayment charges are provided with product information available on our rates pages.

Got questions?

See if our FAQs can give you the answer.

Important information

General information for regulated mortgages

Download General information for regulated mortgages PDF (210KB)

How we use your personal information

Download How we use your personal information PDF (622KB)

Mortgages legal information

Read more

The Co-operative Bank reserves the right to change or withdraw any of its mortgage deals at any time. All loans are subject to status and valuation.