Just as you’ve finally cleared your inbox, all the replies come in at once. Your phone is ringing in the other room. You were hoping that this time you’d actually get to make that cup of tea once the kettle had boiled. 

You give in and go back to answer your phone. The cuppa will have to wait again. It is an old client from five years ago and they are looking to remortgage. Nice and simple, or is it?  

We know how much you have to juggle as a mortgage broker, that’s why we’ve put together this handy remortgage tick list to go through with your client – now you don’t need to wrack your brain whilst it is already too full!  

Here are all the (main) points to consider to make sure you secure a simple remortgage for your client: 

1. Check their current deal and term.
   Is your client still tied into a fixed rate? Early repayment charges can make switching costly. 

1. Review their credit status.
   Even long-standing clients need a fresh credit check. A dip in score can limit options. 

1. Confirm property valuation.
   Market changes can affect loan-to-value ratios, which can impact available rates. 

1. Assess income and employment changes.
   Has your client changed jobs, gone self-employed, or had a reduction in income? Affordability checks still matter with remortgages. 

1. Watch for rate movements.
   Sudden interest rate changes can make or break a deal. Timing is everything. Maybe your client should wait, or maybe the early repayment charges are worth it with new rates. 

1. Factor in fees and costs.
   Arrangement fees, valuation fees, and legal costs can eat into savings – compare total costs, not just the headline rate to give your client the full picture. 

1. Plan ahead for timing.
   Don’t let them slip onto the dreaded Standard Variable Rate. Start the process early to avoid expensive, unwelcome surprises. 

1. Account for life changes.
   For example, divorce or adding /removing a name from the mortgage – lifestyle shifts can complicate things. 

1. Stay alert to lender product changes.
   Products can be withdrawn overnight. Always have a backup plan. 

1. Keep compliance in mind.
   New regulations or stress tests can affect eligibility mid-process. Stay up to date.