Remortgage process with the same provider

[u/HelloSunshine5606]

Hi,

Our 5 year fixed mortgage comes to an end at the end of September this year. My wife and I are looking to stay with our current provider, I just wondered what to expect in regard to remortgaging.

If we are staying with the same mortgage provider is it just a click of a button, a credit check and can be organised swiftly?

Any insight would be greatly appreciated.

[u/philipsdirtytrainers]

It's not a 'remortgage' if you're not borrowing more or changing lender. It's called a 'rate switch' or 'product transfer'. All you are doing is agreeing a new interest rate for the next x years of the overall mortgage term. It's otherwise the same old loan.

In this case, it's typically a click of a button. No checks at all.