Remortgages
You could receive your money in as little as 3 days!
Borrow up to £250,000
Flexible terms from 3-30 years
We consider all credit histories
Employed, self employed, pension and benefit income
We're a direct lender, so there are no hidden broker fees
Representative Example: A secured loan of £35,000 payable over 7 years on a fixed rate of 10.69% for the first 5 years, followed by a variable rate, currently 11.95%, would require 60 monthly payments of £635.96 followed by 24 monthly payments of £643.99. The total amount repayable would be £53,613.36, this includes interest, an arrangement fee of £1,999 and a processing fee of £499. The overall cost for comparison is 13.9% APRC representative.
How it works
Organising your finances can sometimes feel stressful, but we want to make it as easy as possible for you.
In just 3 simple steps you could have the money in your bank account. All you need to do is:
1: Enquire
Complete our quick and easy online enquiry form. Alternatively, you can speak to an advisor instantly by calling us or starting a live chat.
2: Your details
One of our qualified advisors will call you to discuss your enquiry and work out a monthly payment that meets your needs and circumstances.
3: We'll do the rest
We'll help you complete the paperwork and any other supporting documentation required.
What do our customers say?
You can relax knowing you’re working with a highly rated team. But don’t just take our word for it, visit our website and read our reviews – they speak for themselves.
What does remortgage mean?
Remortgaging means replacing your existing mortgage with a new mortgage, either with your current lender or a new one. You're not relocating; you're simply modifying the existing mortgage on your present residence. People usually remortgage to:
- Get a better interest rate
- Reduce monthly repayments
- Borrow more money (for home improvements, debt consolidation, etc.)
- Switch to a more flexible mortgage deal
When you remortgage, your new mortgage pays off your old one. Then you begin making mortgage payments on the new deal. This could save you money or give you extra funds, based on your goals.
How does remortgaging work?
Here's how remortgaging typically works:
- Choose a new deal: You pick a mortgage offer that suits your needs, for example, a lower interest rate or longer mortgage term.
- Apply and get accepted: The lender checks your income, credit, and property value.
- Your new lender pays the old loan: They settle the balance so your previous mortgage is cleared.
- Start your new repayments: You begin paying a fresh monthly payment—possibly lower and tailored to you.
You can remortgage over a shorter or longer period depending on your plan and lender.
Why choose Central Trust?
35 years' experience
We are one of the UK's longest established specialist lenders trading since 1988 giving us over 35 years' experience providing secured loans, homeowner loans and second mortgages.
Simple application process
You can call our team directly on 0800 980 6273 (Mon-Fri:8:00am-7:00pm) or you can enquire online at any time using our quick and easy online form.
All credit considered
We understand that life happens and there's more to your story than your credit score or recent pay slip. So if you have a less than perfect credit score we could still help.
Can I remortgage with bad credit?
Yes, you can. At Central Trust, we work with people who have less-than-perfect credit. Your new mortgage is secured against your home—just like your current mortgage. This gives mortgage lenders more confidence because if you don’t repay, they have the legal right to take action against your property.
We’ll look at your full situation—not just your credit score—to see what’s possible. Even with past problems, if the loan is affordable and your equity is strong, we may still be able to help.
Case studies
Home improvement loan
For an applicant with poor credit history.
Secured loan
For a self-employed client with limited trading history.
Debt consolidation loan
For an applicant with multiple lines of credit.
Ready to enquire?
Talk to our qualified mortgage experts
Friendly UK based advisors
Enquiring won't affect your credit rating
Fast turnaround times 7-10 days is possible
No phone menus - immediate contact from our advisors
We are a direct lender, so we'll work with you from start to finish
FAQ's
It typically takes 4 to 8 weeks, depending on how fast your paperwork is processed and surveyors report.
Yes, you can remortgage early, but check your current deal. Some mortgages charge an early repayment fee if you leave before the term ends.
You can switch anytime, but often people do at the end of a fixed-rate deal or to get better terms.
Yes. You’ll need a solicitor or conveyancer to handle legal checks, contracts, and registering the switch.
Costs usually vary depending on valuation fees, legal fees, early repayment fees (if applicable) and arrangement fees (if your new deal charges one).
After you repay your old mortgage, you start repayments on the new loan over your chosen term.
You can borrow up to a certain percentage of your home's worth. Lenders call this loan-to-value (LTV). It varies depending on each lender’s criteria and the worth of your property.
Yes, you can. Central Trust considers your existing debts, like credit cards. If your overall income and affordability look good, we may still lend—even if you have credit card balances.
If your finances are organised, it’s straightforward. At Central Trust, our online mortgage application and support team make it smooth, even if your credit isn’t perfect.
A fresh valuation helps your lender know your home’s current worth. You can ask your solicitor or mortgage advisor for a professional valuation. This is a good idea if you think your property has increased in value.
It can be if you're moving to a lower rate, reducing monthly payments, repaying debts, or funding your plans. But there are costs involved, so it’s worth checking everything fits your budget before deciding.