Remortgage in Greenwich
Use this page as your local checklist for Greenwich. The goal is simple: find the deal that costs you the least overall, without getting stung by fees or ERC timing.
Quick answer
In Greenwich, the remortgage process is broadly the same as elsewhere in England and the UK: you compare deals, apply, the lender values the property, and a solicitor completes the legal switch. The biggest cost surprises usually come from ERC timing, product fees, and legal add-ons.
Local checklist for Greenwich
- Check your current deal end date and whether an ERC applies.
- Estimate your new payment using the payment calculator.
- Compare deals using break-even (fees vs savings).
- Confirm valuation type and likely timeline: valuation guide.
- Plan completion timing: timeline guide.
Costs and what affects them
- Product fee vs rate: use the maths, not the headline rate.
- Legal fees: free legals can be good, but check what is included.
- Valuation: a physical visit can add waiting time.
- Broker fee: sometimes worth it for complex cases.
Pitfalls to avoid (common in real life)
- Chasing the lowest rate while ignoring fees: a fee-heavy deal can lose if you switch again soon.
- Completing too early: ERC can wipe out the savings.
- Not checking what “free legals” includes: there may be add-ons depending on your case.
- Multiple applications at once: can complicate credit checks and timelines.
- Assuming valuations are instant: some need booking and report turnaround.