Prestige Award winner, three years in a row
Remortgage Aberdeen
Whole-of-market remortgage advice for homeowners in Aberdeen and across Aberdeenshire. If your fixed rate is coming to an end, you'd like to release some equity or you want to bring your monthly payments down, we compare the market and take care of the switch for you.
✓ Rate switches, equity release, debt consolidation and changes to your term
✓ Phone or video appointments to fit around your day
✓ Free first consultation with no obligation
90%
Loan to value available when you remortgage
3X
Prestige Award winner, three years running
£0
Initial consultation is FREE with no obligation
FCA
Appointed representative.
Remortgaging in Aberdeen
Secure the right deal when you remortgage
Moving from one mortgage to another is only worthwhile if you know exactly what you stand to gain. The market is full of choice, which creates plenty of chances to switch, but it also brings extra risk, and a poor remortgage decision can cost you money over the years.
Remortgaging homes is something we do every day, and we've helped hundreds of homeowners move onto better terms. From granite flats in Ferryhill and Rosemount to family houses in Cults and Bieldside, we understand how Aberdeen property is valued and which lenders are comfortable lending on it.
We'll set out the options in plain terms, flag any risks and help you decide whether remortgaging is the right move for you.
'Your home may be repossessed if you do not keep up repayments on your mortgage'
Why homeowners remortgage
5 reasons Aberdeen homeowners get in touch
01
Lower Interest Rate
You might want to see whether other lenders are offering more competitive deals than the one you're on now.
02
Raise Capital
If your home has built up equity, you could use it to improve the property, buy another one, clear debts or cover a personal expense.
03
Change Mortgage Product
It may be possible to get a better deal from your current provider and stay with them as a customer.
04
Consolidate Debts
The equity in your home could potentially be used to deal with other debts. Remortgaging may free up cash to consolidate what you owe and ease the pressure.
05
Change Your Mortgage Term
You could shorten your term to clear the mortgage sooner and retire earlier than planned, or lengthen it to bring your monthly payments down.
Not sure which applies to you?
A free, no-obligation review will show you your options and what a switch would really cost
Remortgaging in Scotland
What's different about remortgaging in Aberdeen?
Scottish legal work, the way Aberdeen properties are valued and the city's granite buildings all influence what a lender will offer. Here's what we look at before recommending a switch.
Your valuation drives the deal
Property values haven't moved evenly across Aberdeen, with some areas changing far more than others. A higher valuation can move you into a lower loan-to-value band, which is often what opens the door to a better rate. We check where you stand before you apply.
Tenements and factored flats
Flats in older parts of the city can raise questions about shared roofs, factoring arrangements and the condition of the building. Lenders view these differently, so we match your application with one that is comfortable with your property.
Scottish legal work
Remortgaging in Scotland requires a Scottish solicitor and a new standard security. Plenty of lenders pay for this on their remortgage products. We confirm exactly what's covered so there are no surprises on fees.
How it works
From first conversation to a new rate
Step 01
Free consultation
An informal, no-obligation talk about your current deal, your balance and what you'd like to change.
Step 02
Switch cost review
We weigh early repayment charges, fees and legal costs against the saving you'd make.
Step 03
Whole-of-market
We look at everything from major high-street names to niche specialists, then give you a clear recommendation.
Step 04
Application
We submit it, chase the valuation and keep your solicitor in step.
Step 05
Completion
Your new deal begins on the day the old one finishes, so you never slip onto the SVR.
Why Us
Why choose Prestige Mortgage Solutions?
Our goal is to give you more than the typical mortgage broker, and to leave no stone unturned.
☑ Mortgage support designed around your own circumstances.
☑ Professional advice that saves you time, money and worry.
☑ Access to rates across the whole of the market.
☑ We handle communication between your lender, solicitor and estate agent.
☑ We'll stay with you for the long term, right through to your dream home.
☑ Quotes come with no obligation.
Aberdeen areas where we help homeowners remortgage
⚲Ferryhill ⚲Rosemount ⚲Old Aberdeen ⚲Torry ⚲Cove Bay ⚲Cults ⚲Bieldside ⚲Mannofield ⚲Bridge of Don ⚲Dyce ⚲Kingswells ⚲Westhill ⚲Portlethen ⚲Stonehaven ⚲Ellon ⚲Inverurie ⚲Peterculter
Don't see your area? Call us, as we cover the whole of the UK.
What our clients say:
★★★★★
"Siân was a star when it came to buying or dream home , if it wasn’t for her we would never be where we are !! Always there to answer all our queries no matter how silly we felt they were .
Can’t thank her enough 🥰🏡."
- John Oneil
★★★★★
"Sian was a great help for my remortgage! She came recommended from my daughter and son-in-law, who used her the end of last year. She was so helpful and friendly. Always able to answer all my questions."
- Susan Ward
★★★★★
"Most professional financial service ive used, chris was efficient and wasted no time in getting me a deal i didnt think was possible shaving 3 years off my mortgage at no extra monthly cost, first class and definitely will use again, thanks again"
- Gordon Peters
FAQs
Your remortgage questions, answered
What does remortgaging involve and how does it work?
Remortgaging means moving your existing mortgage onto a new deal, either with a different lender or on a better product from your current one. People usually do it to get a lower interest rate, release equity, consolidate debts or change their mortgage term. We compare deals across the whole market and manage the entire switch on your behalf.
When should I remortgage my home?
The best time is usually 3 to 6 months before your current fixed or discounted deal ends. That lets you lock in a new rate and avoid rolling onto your lender's standard variable rate (SVR), which is often more expensive. We'll check when your deal finishes and look at any early repayment charges so we can time the switch for the biggest saving.
Can I remortgage to release equity from my Aberdeen property?
Yes. If your home has gone up in value or you've paid off a good portion of your mortgage, you may be able to remortgage and borrow extra funds, often up to 90% of the property's value, depending on your circumstances. Homeowners commonly use this for home improvements, buying another property or consolidating debts, while keeping payments manageable.
Can I remortgage a granite tenement flat in Aberdeen?
In most cases, yes. Lenders take different views on traditional tenement construction, shared roofs, factoring arrangements and the condition of the building, so choosing the right lender matters more than the headline rate. We match your case with a lender that is comfortable with your building and tenure.
Can I remortgage to consolidate my debts?
Potentially, yes. Using the equity in your home to clear other debts can lower your monthly outgoings and simplify your finances. It's worth thinking carefully before securing other debts against your home, though, because while it may cut what you pay each month, you could pay more interest over the full mortgage term. We'll help you decide whether it's the right move.
Will I pay any fees when I remortgage?
Possibly. Your current lender may charge an early repayment charge if you leave your deal early, and the new mortgage may carry arrangement and valuation fees. Our first consultation is free with no obligation, and if you go ahead we typically charge a £499 arrangement fee, payable only once you receive your mortgage offer.