With more financial services moving online, many homeowners are asking an important question: Can you remortgage online? The short answer is yes—online remortgaging is possible and increasingly common. However, the process, requirements, benefits, and risks are not always fully understood.
This guide explains how online remortgaging works, what you can and cannot do digitally, who it is best suited for, and what homeowners should consider before switching mortgages online.
What Does Remortgaging Mean?
Remortgaging means switching your existing mortgage to a new deal, either with your current lender or a new one. Homeowners usually remortgage to:
- Get a lower interest rate
- Reduce monthly payments
- Fix an expiring introductory rate
- Change the mortgage term
- Release equity from their home
Remortgaging does not involve buying a new property—it simply replaces your current mortgage.
What Does Remortgaging Online Actually Mean?
When people talk about remortgaging online, they usually mean that most or all of the process is handled digitally, including:
- Comparing mortgage deals online
- Submitting an application through a website
- Uploading documents electronically
- Completing identity checks digitally
- Tracking application progress online
In many cases, you may never need to visit a bank branch in person.
Can the Entire Remortgage Be Done Online?
In many situations, yes—but not always 100%.
Typically done online
- Mortgage comparison
- Application submission
- Document uploads
- Credit checks
- Communication with lenders
May still involve offline steps
- Property valuation (physical or hybrid)
- Legal paperwork (sometimes digital, sometimes postal)
- Final confirmation and completion
The level of digital processing depends on the lender, your financial situation, and property details.
Who Can Remortgage Online Most Easily?
Online remortgaging works best for borrowers with straightforward financial profiles.
You are a good candidate if you
- Are employed or have stable income
- Have a good credit history
- Are remortgaging a standard residential property
- Have sufficient equity in your home
- Are not changing ownership details
Complex cases may still require broker support or manual review.
How Online Remortgaging Works
Step 1: Review Your Current Mortgage
Before starting, understand:
- Your current interest rate
- Remaining mortgage balance
- Early repayment charges
- End date of your current deal
This helps you decide whether remortgaging now makes financial sense.
Step 2: Compare Mortgage Deals Online
Most homeowners begin by using online comparison tools or lender websites to:
- Compare interest rates
- Review fixed vs variable options
- Estimate monthly payments
- Check eligibility
This step is fast and usually free.
Step 3: Submit an Online Application
Once you choose a deal, you complete an online application that typically asks for:
- Personal details
- Income and employment information
- Property details
- Existing mortgage information
Applications are often completed in under an hour.
Step 4: Upload Documents Digitally
Lenders usually request digital copies of documents such as:
- Proof of income
- Bank statements
- Identification
- Mortgage statements
Secure portals are used to upload files.
Step 5: Property Valuation
The lender assesses your property value.
Valuation methods
- Automated valuation models
- Desktop valuations
- Physical inspections (if required)
Many remortgages do not require in-person visits.
Step 6: Legal and Administrative Checks
Legal work may be handled:
- By the lender’s appointed solicitor
- Through online conveyancing platforms
Some documents may require electronic signatures, while others may still be sent by post.
Step 7: Completion
Once approved:
- Your new lender pays off the old mortgage
- The new mortgage begins
- Monthly payments switch automatically
The homeowner typically does not need to transfer funds manually.
How Long Does Online Remortgaging Take?
Timeframes vary, but online remortgaging is often faster than traditional methods.
Typical timelines
- Simple cases: a few weeks
- More complex cases: several weeks
Delays may occur if additional documentation or valuations are needed.
Benefits of Remortgaging Online
Convenience
You can complete most steps:
- From home
- At your own pace
- Without visiting branches
This is especially useful for busy professionals or retirees.
Faster Processing
Digital applications and document uploads reduce administrative delays.
Easy Comparison
Online tools make it easier to compare:
- Rates
- Fees
- Mortgage terms
Transparency helps borrowers make informed decisions.
Lower Costs in Some Cases
Some online-only deals may have:
- Reduced fees
- Cashback offers
- No legal fees
Always read the full terms before deciding.
Clear Tracking
Many lenders provide dashboards that show:
- Application progress
- Outstanding requirements
- Estimated completion dates
This reduces uncertainty.
Potential Drawbacks of Online Remortgaging
Limited Personal Advice
Online applications may not provide tailored advice, which can be a disadvantage for:
- Self-employed borrowers
- Complex income situations
- Multiple properties
Not Suitable for Complex Cases
If you:
- Have poor credit
- Own unusual properties
- Need to change borrower details
You may benefit from speaking with a mortgage adviser.
Overreliance on Headline Rates
The lowest advertised rate is not always the best overall deal once fees are included.
Is Online Remortgaging Safe?
Yes—when using regulated lenders and secure platforms.
Safety tips
- Use reputable, regulated lenders
- Check website security (HTTPS)
- Avoid sharing details via unsecured email
- Read privacy policies carefully
Mortgage providers are subject to strict financial regulations in most countries.
Do You Still Need a Mortgage Broker?
Online remortgaging does not eliminate the need for brokers.
A broker may help if
- Your finances are complex
- You want access to exclusive deals
- You need advice on long-term strategy
Some brokers also offer fully online services.
Costs to Consider When Remortgaging Online
Even when applying online, costs may include:
- Arrangement fees
- Valuation fees
- Legal or conveyancing fees
- Early repayment charges
Always calculate the total cost, not just the monthly payment.
When Is Online Remortgaging a Good Idea?
Online remortgaging is often ideal when:
- Your fixed-rate deal is ending
- Interest rates are favorable
- You want lower monthly payments
- Your finances are stable
Planning ahead—often several months before your deal ends—can save money.
Common Mistakes to Avoid
- Waiting until your current deal expires
- Ignoring early repayment charges
- Not checking total costs
- Assuming approval is guaranteed
- Overlooking future rate changes
Being proactive reduces financial risk.
Can Seniors or Retirees Remortgage Online?
Yes, many retirees successfully remortgage online, especially if they:
- Have sufficient income or pension
- Meet lender age criteria
- Have adequate home equity
Age alone does not automatically prevent online remortgaging.
Bottom Line
So, can you remortgage online? Yes—for many homeowners, online remortgaging is a practical, efficient, and secure option. It allows you to compare deals easily, submit applications digitally, and complete much of the process without leaving home.
However, online remortgaging works best for straightforward situations. If your finances or property are complex, professional advice may still be valuable.
By understanding how the process works and what to watch for, homeowners can confidently decide whether online remortgaging is the right choice for their situation.
Disclaimer: This article is for informational purposes only. Mortgage eligibility, rules, and processes vary by lender and jurisdiction. Always seek professional advice before making mortgage decisions.