Remortgaging is one of the most effective ways landlords can reduce costs, release equity, or switch to a more suitable mortgage product. But how long does the process actually take? Many landlords underestimate the timeline — and end up paying more than they need to.
Typical Remortgage Timeline
Week 1: Preparation
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Review your current mortgage and check for early repayment charges.
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Gather documents: tenancy agreements, rental income proof, bank statements.
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Contact a broker (like NetRent) to assess the best deals available.
Weeks 2–4: Application Submission
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Your broker submits the application.
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The lender carries out affordability checks across your portfolio (for portfolio landlords).
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A property valuation is arranged.
Weeks 4–8: Underwriting and Processing
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The lender’s underwriters review your application.
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Legal work begins (title checks, outstanding charges, leasehold queries if applicable).
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Any conditions are resolved with your broker’s support.
Weeks 8–12: Completion
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Once approved, funds are released.
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Your old mortgage is repaid.
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Your new deal begins immediately.
Factors That Can Speed Things Up
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Using a specialist broker who knows which lenders move quickly
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Having all paperwork ready in advance
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Applying early — ideally 3–6 months before your current deal ends
Why Timing Matters
Missing your remortgage window can mean slipping onto a Standard Variable Rate (SVR), which is often significantly higher than fixed or tracker deals. Even a short delay can cost landlords thousands per year in unnecessary interest.
How NetRent Helps
Through NetRent the remortgage process is managed from start to finish, ensuring timelines are met and delays are minimised. We know which lenders move quickly — and which to avoid if speed is crucial.
📞 Telephone: 01352 721300
📧 Email: mortgages@netrent.co.uk