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
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
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
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.
Once all the checks have been successfully completed, we'll send you a mortgage offer.
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.
Documents or information you'll need to apply:
When you apply for a mortgage, we’ll need some things from you, such as:
- Details of your names and addresses for the last 3 years
- Details of your current income
- Details about the property
You could qualify for our free standard conveyancing and valuation package for re-mortgage customers
Costs from your existing lender
If you want to leave your current mortgage lender before the end of your existing deal, you may have to pay an early repayment charge and exit fee.
Our product fee
For certain mortgage products, there'll be a product fee to pay. This is usually in return for a lower interest rate and can either be paid upfront or added to your loan.
Our valuation fee
This covers the valuation that we'll require to ensure that your property is adequate security for our loan to you.
To remortgage a property, you will need to appoint a solicitor or conveyancer to act on your behalf.
Visit The Law Society's website to find a suitable solicitor. We also have a recommended panel of solicitors who can provide you with legal advice for remortgaging your home.
See if our FAQs can give you the answer.
General information for regulated mortgagesDownload General information for regulated mortgages PDF (210KB)
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.