AE Remortgages for UAE Nationals and Residents

What is a Remortgage?

A remortgage involves replacing your current mortgage with a new one, which can be with your existing lender or a different provider. This financial strategy is commonly used to secure better terms, release equity, or adjust the loan to meet your changing financial needs.

For high-net-worth individuals or those with complex financial situations, a tailored approach to remortgaging is often necessary. At Enness, we specialise in:

Providing remortgage offers within 24-48 hours
Facilitating UK and international property remortgages
Offering expertise in remortgaging for foreign nationals, non-resident property investors, and expats
Accessing over 500 lenders, including private banks as well as alternative, specialist, and niche lenders
Focusing on high-value and high loan-to-value remortgaging

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500⁺

A large network of trusted lenders.

Global market locations.

15⁺

Years of experience.

Enness Remortgage Experts

Enness sources competitive remortgage solutions for high-value properties, even in complex scenarios. Speak with our experts to explore your options.

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House Remortgage FAQs

When Should You Remortgage?

You can consider remortgaging anytime you believe you can secure a more competitive mortgage or take advantage of a better offer from another lender.

There are situations where it may be beneficial to remortgage to a short-term fixed product, while in other cases, a longer-term fixed product might be more advantageous. One of the best times to consider refinancing is when base rates rise or fall, as lenders often introduce new products to the market. Although it may seem counterintuitive to refinance during rising rates, switching to a longer-term mortgage can sometimes be more beneficial. Lenders often make longer-term rates more competitive than short-term fixed rates, providing you with greater financial certainty regarding your payments.

Here are additional situations to consider refinancing:

When your current mortgage term is approaching its end
When new mortgage products become available or lenders present more competitive packages
If your personal plans have changed and another mortgage product could offer you more flexibility or help you achieve your goals for your property more effectively
If you obtained your mortgage when interest rates were higher than they are currently, or if new products are available that would better suit your needs

Can I Remortgage My House to Borrow Money?

Yes, you can remortgage your house to borrow money. This involves refinancing your existing mortgage and increasing the loan amount to access equity tied up in your property. The additional funds can be used for various purposes, such as home improvements, investments, or debt consolidation. However, lenders will review factors such as your property value, income, credit history, and the purpose of the funds before approving the remortgage. Working with an experienced broker can help you secure competitive terms and ensure that the process aligns with your financial goals.

How Long Does Remortgaging Take?

Remortgaging generally takes less time than obtaining an initial mortgage. The process can be quicker if you have all the necessary documentation ready and a strong financial position. We can arrange a remortgage in as little as a month if we have everything needed, but it may take longer in some cases. However, completing the process within six to eight weeks is typically achievable.

Remortgaging At The End Of Your Existing Term

It’s common to consider remortgaging as your current mortgage term comes to an end. If you do not remortgage, your mortgage will typically revert to your lender's standard rates, which are often higher than your current fixed-term rates.

When your term is ending, it’s important to act quickly and start the remortgaging process well in advance. By approaching Enness sooner, you can benefit from more options and better negotiation outcomes. Additionally, you will have more time to gather your documents and to evaluate various offers without the stress of a looming deadline.

If you're looking to remortgage, don't hesitate to reach out. Your broker can guide you through the available products on the market and provide insights into the best offers they can secure for you. This guidance is especially valuable if you have a high-value mortgage or a high loan-to-value (LTV) ratio.

Remortgaging: Top Tips

If you are thinking about breaking a mortgage, here are some considerations to bear in mind:

1. Contact a Broker First
Before approaching your current lender, it's advisable to consult a mortgage broker. Many borrowers mistakenly go directly to their lender when thinking about remortgaging, especially at the end of their current term. However, lenders are aware that borrowers may seek to remortgage, so it’s better not to approach them before exploring other options.

Working with Enness, you can identify your available options and understand the alternative offers you may receive. Your broker will negotiate rates with new lenders and then approach your current lender to see if they are willing to renegotiate or match any competing offers. Having alternative remortgaging options in hand not only adds competition but also puts you in a better position if your current lender is not open to negotiation.

2. Don’t Wait Until the Last Minute
Even if you already have a mortgage and aren't moving, remortgaging takes time. A new lender must underwrite your loan, value your property, and assess your suitability for the remortgage. You will also need to arrange for your legal team to manage the process - Enness can assist in coordinating with them. Begin working with a broker early so they can negotiate a new deal in a timely manner. Enness can help you determine the most beneficial offers and negotiate the best rates and terms.

3. Access a Wide Range of Lenders Through a Broker
If you're looking to refinance, it’s crucial to work with a broker who can connect you to a broad selection of lenders. Enness has access to a global network of over 500 lenders, including private banks, high street lenders, and niche lenders. A broker with such extensive access can help you find the most competitive offers, streamlining the process for you. With Enness, you won’t need to approach individual lenders, negotiate separate deals, or try to determine the best offer on your own; they will handle all of this and explain the different remortgage packages so you can make an informed decision.

Enness will start by assessing your requirements, the details of your current mortgage, and your financial situation- including your net worth, assets, and background. This information will help identify the best lenders for you, what offers you can access, and what the team can negotiate on your behalf. The more complex your financial situation and the higher your mortgage amount or loan-to-value (LTV) ratio, the more valuable Enness' access to the entire market will be. Often, your broker will be able to reach lenders that you wouldn't be able to approach on your own.

4. Negotiations
When it comes to remortgaging, everything is negotiable - even though lenders typically present set products. Your financial strength and the quality of your documentation can significantly influence your ability to renegotiate favorable rates and terms.

To negotiate effectively, you will generally need the expertise of a broker who can tailor a refinancing package to your needs and engage with lenders in a productive manner. Enness will present a compelling case supported by facts and documentation. This requires a thorough understanding of what lenders want to see, ensuring that you only approach those with the capacity to negotiate and present your case in the best possible light.

Remortgaging: What Do You Need To Consider?

When considering remortgaging, it’s important to proceed carefully, as there may be fees involved in switching your mortgage. Enness can help you review your current mortgage, understand your options, and provide an overview of the likely costs associated with remortgaging. This information will allow you to assess the total cost of remortgaging and any upfront expenses you'll need to pay, making it easier to calculate your potential savings.

One of the most common fees to be aware of is the early repayment fee, which your current lender might charge if you pay off your mortgage early. Additionally, there are other fees to consider, such as valuation fees, legal fees, and lender fees. Depending on your circumstances and the specific mortgage product, you may also face other liabilities, which can vary by lender.

If you’re thinking about refinancing, it’s crucial to evaluate the costs of remortgaging and compare them with the payments you will make with a new mortgage product. Many borrowers mistakenly believe that obtaining a lower interest rate always makes refinancing worthwhile. While you may not save money in the short term due to the fees involved in remortgaging, you are likely to benefit in the long run. Enness can assist you in comparing mortgage offers, ensuring you have a complete understanding of the options available, and confirming that switching is the best decision for you.

Get In Touch To Explore Remortgaging

Enness specialises in high-value property finance and has a proven track record in assisting high-net-worth individuals with remortgaging. Whether your current mortgage terms are nearing their end, you're looking for more affordable options, or you need to break your mortgage for any reason, Enness is here to help. Contact Enness for a no-obligation conversation about your plans. We are available to answer your questions and to provide more information about the remortgaging process.

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