Three-time Prestige Award winner
Remortgage Barnet
Whole-of-market remortgage advice for homeowners in Barnet and across North London. If your current deal is close to ending, you'd like to free up some equity or you want lower monthly payments, we search the market and take care of the switch from start to finish.
✓ Rate switches, equity release, debt consolidation and term changes
✓ Phone or video appointments arranged around your routine
✓ 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.
'Your home may be repossessed if you do not keep up repayments on your mortgage'
Remortgaging in Barnet
Choose a remortgage that works in your favour
Moving to a new mortgage only pays off if you know exactly what you're getting. The market is packed with choice, so switching is easy, but that also leaves more room for error, and a badly judged remortgage can cost you money for years to come.
Remortgaging is what we do every day, and we've helped hundreds of homeowners move onto better terms. From 1930s semis in Whetstone and Totteridge to flats in Cockfosters and family houses in East and New Barnet, we know how North London property is valued and which lenders are comfortable lending on it.
We'll explain your options in plain language, point out any risks and help you decide whether remortgaging is the right move.
Why homeowners remortgage
5 reasons Barnet homeowners get in touch
01
Lower Interest Rate
You may want to find out whether other lenders can offer more competitive rates than the one you're on.
02
Raise Capital
If your home has built up equity, you could use it for improvements, buying another property, clearing debts or a personal need. Remortgaging to a new lender may let you borrow additional funds.
03
Change Mortgage Product
Your current lender may be able to offer you a better product, which would let you stay with them.
04
Consolidate Debts
The equity in your home could potentially help you deal with other borrowing. A remortgage may release cash to consolidate your debts and take away some of 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 cut your monthly payments.
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 England
What should Barnet homeowners know about remortgaging?
Valuations, the type of property you own and the legal process all affect what a lender will offer. Here's what we check before we recommend a switch.
Your valuation drives the deal
Property values in Barnet haven't moved at the same pace in every street or postcode. A higher valuation can place you in a lower loan-to-value band, which often gives you access to a better rate. We check where you stand before you apply.
Tenements and factored flats
Many Barnet homes are flats, and most flats are leasehold. Lenders look closely at how many years remain on your lease, the ground rent and service charges, and, for larger blocks, the building's safety checks.
Scottish legal work
A remortgage in England needs a solicitor to register the new lender's legal charge on your property. Many lenders pay for this on their remortgage products. We confirm exactly what's included, so there are no surprises on fees.
How it works
From first chat to your new rate
Step 01
Free consultation
A friendly, no-obligation conversation about your current deal, your balance and what you'd like to change.
Step 02
Switch cost review
We weigh up early repayment charges, fees and legal costs against the saving you'd make.
Step 03
Whole-of-market
We look at everything from the major banks to niche lenders, then give you a clear recommendation.
Step 04
Application
We submit the paperwork, follow up on the valuation and keep your solicitor up to date.
Step 05
Completion
Your new deal begins the day your old one finishes, so you don't slip onto the SVR.
Why Us
Why choose Prestige Mortgage Solutions?
We aim to provide more value than the average mortgage broker, and we leave no stone unturned.
☑ Mortgage support built around your own circumstances.
☑ Professional advice that saves you time, money and stress.
☑ Access to mortgage rates across the whole market.
☑ We manage communication between your lender, solicitor and estate agent.
☑ We'll stay with you for the long term, all the way to your dream home.
☑ All quotes come with no obligation.
Barnet areas where we help homeowners remortgage
⚲Chipping Barnet ⚲New Barnet ⚲East Barnet ⚲Friern Barnet ⚲Cockfosters ⚲Whetstone ⚲Totteridge ⚲Arkley ⚲Oakleigh Park ⚲Underhill ⚲Brunswick Park ⚲New Southgate ⚲Mill Hill ⚲Finchley ⚲Hendon ⚲Colindale ⚲Edgware ⚲Hadley Wood ⚲Potters Bar ⚲Borehamwood
Not on the list? Call us, as we cover the whole of the UK.
What our clients say:
★★★★★
"Chris provides a great service. He communicates well and keeps you in the loop; he takes your info and explains the process and his decisions back to you. Overall a very positive experience for my partner and I as first time buyers."
- Dodger Potter
★★★★★
"Fantastic service from Sian, great communication throughout and even a last minute change to save me additional money on my mortgage payments. Thoroughly recommend for all you mortgage needs."
- Robert Hall
★★★★★
"Me and my partner now own our very first home! We hired Chris from Prestige Mortgage Solutions as our mortgage broker and he made the entire application process feel easy.
At no point did I feel stressed or out of my depth which has made the experience of buying a home a positive one...."
- Alastair Thomson
FAQs
Remortgage questions, answered
What is remortgaging and how does it work?
Remortgaging means switching your existing mortgage to 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 handle the entire switch for you.
When is the best time to remortgage my home?
Generally 3 to 6 months before your fixed or discounted deal ends. That gives you time to secure a new rate and avoid moving onto your lender's standard variable rate (SVR), which is often more expensive. We'll look at your end date and any early repayment charges, then time the switch to save you the most.
Can I remortgage to release equity from my Barnet property?
Yes. If your home has gone up in value or you've paid off a good part 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 leasehold flat in Barnet?
In most cases, yes. Lenders look at the length of your remaining lease, the ground rent, service charges 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 property and lease.
Can I remortgage to consolidate my debts?
Potentially, yes. Using the equity in your home to clear other debts can reduce your monthly outgoings and simplify your finances. It's worth thinking carefully before securing other debts against your home, though. While your monthly cost may fall, you could pay more interest over the full mortgage term. We'll help you decide whether it's the right move.
Will I have to 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 come with 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.