SortRefer Remortgage Options

At SortRefer, we offer several Remortgage product options for you to use, suiting many different scenarios.

Remortgage Comparison

With more products to choose from, we want to make the process of selecting the right one for your client and their circumstances simpler and in turn making your job easier. To help you find the best product for you and your client, we have put together a side-by-side comparison of our offering, as well as some useful summaries.

Download Comparison

How to choose between our Remortgage products

With lots of Remortgage options, you may be wondering which one to pick. We have pulled together some key summaries on our products to help you decide the best option for you and your client:

Standard Remortgage

Tailored quotes on a case-by-case basis.

This offers largest selection of suppliers across our Remortgage products – giving you more choice.
Offers you a fully flexible referral fee – of up to £300 per case, giving you the choice to adjust accordingly.
Gives you a fully flexible quote – with the ability to bespoke the quotation and with additional work you know about at the time of quoting.

Fixed Price Remortgage (FP)

£199, £249, £299, £399, £499, £599

Great for those vanilla or straightforward cases - to make the most of the ‘fixed’ price package element.
A great alternative to free legals - especially when cash back is offered, protecting your client’s best interests.
Please be aware, the ‘fixed’ element refers to the package cost only. Any additional work will incur an additional cost, which won’t be shown on the bottom line of the quote. Please see the product information/quote PDF for full details.

Flexible Remortgage (FX)

£245, £295, £345, £395, £445, £495

Cost-effective base price packages - with the ability to add ‘additional work/costs’ to the overall cost, which is detailed on the bottom line – giving transparency and helping to manage cost expectations with your client.
A great alternative to free legals - especially when cash back is offered, protecting your client’s best interests.

Buy to Let (FP)

£375

A dedicated Help to Buy product - which can be paired with a valuation – helping you to give your client a bespoke Help to Buy service.
A great alternative to free legals - especially when cash back is offered, protecting your client's best interests.

Help to Buy (FP)

£199, £249, £299, £399, £499, £599

A dedicated Help to Buy product - which can be paired with a valuation – helping you to give your client a bespoke Help to Buy service.
A great alternative to free legals - especially when cash back is offered, protecting your client’s best interests..
Please be aware, the ‘fixed’ element refers to the package cost only. Any additional work (outside of the Help to Buy Redemption/Deed of Postponement) will incur an additional cost, which won’t be shown on the bottom line of the quote. Please see the product information/quote PDF for full details.

Additional work and extra costs

Each Conveyancing case is different, meaning some cases will unavoidably incur extra work and, therefore, additional costs to pay for the added time and effort required on the case.

As you can see from our comparison above, some of our Remortgage products allow you to add in additional work at the time of quoting, which will carry through to the quotation cost. If you know in advance through conversations during the mortgage appointment about this work, please build it into the quotation.

However, some additional work may be identified during the remortgage transaction's progress. If this is the case, your client will be advised of the additional work and cost so that the transaction can proceed. Client approval to proceed is obtained at this point and before the suppliers commit to the cost.

Here are some examples of additional work/costs. Please note this list is not exhaustive. Please see the quotation PDF for further details.

Unregistered Title
Satisfying Special Conditions in a Mortgage Offer
Dealing with a rent charge
Dealing with an Indemnity policy
Dealing with 3rd Party Lawyers
Repayment of Secured charges
Solar Panel Lease Approval
TT Fee for Payment of Excess Funds

Remortgage terms and conditions

*Flexible Remortgage -In order for us to offer a Flexible Remortgage price, the size of the referral fee has to vary due to the Land Registry Fees charged by HMRC; the higher the amount of the mortgage, the higher the Land Registry Fee, which means a lower referral fee. This is also the reason why this offer is only available on remortgage amounts up to £1,000,000; anything above this and the Land Registry Fees become too high to leave any room to pay referral fees.

+Referral fees – these depend on the product selected and the loan amount. Please refer to the full product details.

**A High Rise building is defined as where the building containing the flat has 4 or more storeys, or is higher than 11 metres. In both instances, any basement and the ground floor should be taken into account.

For full product details of each of our Remortgage options, please refer to the Product PDF or alternatively, please contact our friendly team to discuss in further detail:

0333 456 4567

enquiries@sortrefer.co.uk

Get Sorted with SortRefer

Any IFA or Mortgage Broker can register for free with SortRefer. Gain access to a large selection of products to assist your clients with throughout their home move process and earn an additional income stream.