Remortgage with us

Remortgaging involves switching your mortgage to a new deal with a different lender. If you’re thinking of switching with us, we offer a switch and save feature to cover the cost of surveys and internal solicitor fees and help you get a better rate or release equity.

If you're eligible for Fast-Track Remortgage it can take as little as 5 days. Standard remortgage applications can take between four to eight weeks.

We'll let you know during your application if Fast-Track Remortgage is available to you. You can also complete an Agreement in Principle (AiP) and book an appointment with a Mortgage Adviser.
Fast-Track may be available if you're switching an existing standard residential repayment mortgage to a new Nova Bank deal and:

• There are up to two existing borrowers on your mortgage.
• Your property is a standard construction, freehold house only, with no second charges or secured borrowing (or for Scottish cases absolute ownership houses only).
• You're borrowing up to 80% of your property's value and are not applying for additional borrowing.
• You choose a product that includes Nova Bank Standard Legal Service
• Your property is worth up to £2 million.
• You've had no adverse credit events in the last two years.

Important information

• Fast-Track is subject to eligibility, affordability, identity, fraud and valuation checks.
• The timescales assume all information and supporting documents are submitted accurately.
• Timescales may vary in Scotland and Northern Ireland.

Remortgaging is a good option when your current deal is ending or if your property has increased in value.

Yes, you need a solicitor to manage the legal side of remortgaging, but our switch and save feature covers the legal costs with  internal solicitor services to help you through the process.

Yes. If you remortgage with us, you can borrow up to 80% of your property’s value, covering key costs like surveys and legal fees. It’s a good idea to get independent financial advice before doing this.

Releasing equity is a way of turning some of your property’s value into cash. If you choose to remortgage, you can release equity by borrowing more than your current mortgage balance.

Yes, but your options might be limited. To see if you’re eligible, complete an Agreement in Principle (AIP). If you’re not eligible, we might be able to help through Kensington Mortgages, which offers tailored solutions for customers with credit challenges.