Common Reasons to Remortgage:
- Lowering Your Rate / Reducing Monthly Payments
Secure a more competitive rate to reduce your monthly repayments. - Switching Lenders
Move to a new lender for better deals or terms. - Releasing Equity for Home Improvements
Tap into your property’s equity to fund renovations, extensions, or upgrades - increasing your home’s value and comfort. - Shortening or Extending Your Term
Adjust your mortgage term to suit your cash flow or long-term plans. - Avoiding SVR (Standard Variable Rate)
Remortgaging before your fixed rate ends avoids higher standard variable rates.
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is £495.
How Lumino Guides You Through the Remortgage Process
1. Initial Consultation
We discuss your current mortgage, goals, and plans to determine whether to renegotiate with your current lender, move lenders to a more competitive products or to borrow more on the mortgage to suit your plans.
2. Cost & Savings Analysis
We calculate potential savings, factoring in all remortgage costs and any extra borrowing for property upgrades.
3. Deal Comparison & Recommendation
Using market access, we compare lender deals — fixed, variable, or tailored equity-release options for home improvement projects.
4. Application & Coordination
We handle your application, valuation, and legal coordination to make the process seamless.
5. Completion & Ongoing Advice
After completion, we continue to monitor your mortgage, ensuring you maximise savings and plan future improvements.
Frequently asked questions (FAQ)
Yes - if your property has enough equity, you can borrow additional funds to renovate, extend, or upgrade your home.
Typically 3–6 months before your current deal ends - allowing you to lock in a new rate and fund improvements.
Some deals include no arrangement or exit fees, but costs vary by lender. We’ll review what’s most cost-effective for your situation.
Yes - we can structure your remortgage to release funds for home improvements while still achieving lower repayments if feasible.
Take Control of Your Mortgage Today!
Whether you’re looking to fund home improvements, avoid being trapped on a high variable rate, or simply want to review competitive mortgage products, Lumino Mortgages is here to help. Book a free, no-obligation consultation and let us guide you through your options, helping you secure the most suitable mortgage for your home and your goals.