Why Your Remortgage Could Be Delayed – 5 Common Reasons

Common Causes of Remortgage Delays and How to Avoid Them

Introduction

Remortgaging can be a useful financial decision—whether you’re aiming to secure a better interest rate, release equity, or switch to a more flexible mortgage product. However, delays during the process can be frustrating and, in some cases, lead to increased costs—especially if your current deal is nearing its end.

⚠ Important: Your home may be repossessed if you do not keep up repayments on your mortgage.

Understanding the most common remortgage delay reasons can help you manage expectations and reduce the likelihood of disruption. This guide outlines five typical causes of delays and offers practical steps that may help keep your application moving.

1) Incomplete or Incorrect Documentation

Why it happens

Lenders require a full set of documents to assess your application, including proof of income, identification, bank statements, and property information. Missing or inaccurate paperwork can cause delays.

How to reduce the risk

• Gather all required documentation before applying.
• Check all details carefully for accuracy.
• Respond promptly to any requests from your lender or broker.

2) Property Valuation Issues

Why it happens

As part of the assessment process, lenders will commission a property valuation. If the valuation is lower than expected, it may affect the loan-to-value (LTV) ratio and the range of products available to you.

How to reduce the risk

• Review recent, comparable local property sales.
• Consider value-enhancing improvements, if appropriate.
• Provide evidence to support your estimated property value where possible.

3) Credit Report Problems

Why it happens

Issues such as missed payments, outdated records, or unresolved defaults on your credit file can slow down or prevent the application process from proceeding smoothly.

How to reduce the risk

• Check your credit report at least 3–6 months before applying.
• Dispute any inaccuracies with credit reference agencies.
• Avoid taking on new borrowing before and during the mortgage application process.

4) Delays in the Legal Process

Why it happens

Solicitors (or conveyancers) handle the legal side of your remortgage, such as title checks and updating records with the new lender. Delays may occur if they are overburdened or waiting for third-party documentation.

How to reduce the risk

• Choose a solicitor with capacity and strong client reviews.
• Stay in regular contact to monitor progress.
• Provide any requested documents or information without delay.

5) Lender Backlogs

Why it happens

Periods of high demand—often following interest rate changes or government announcements—can increase lender processing times.

How to reduce the risk

• Start your application well before your current deal ends.
• Ask your broker about lenders with faster average turnaround times.
• Be open to a range of products or providers if speed is a priority.

Practical Tips That May Help Avoid Remortgage Delays

1. Start early – Begin preparations at least 3–6 months before your current mortgage deal ends.
2. Use an FCA-authorised broker – They may help you find suitable lenders, access exclusive deals, and navigate the process more efficiently.
3. Stay organised – Keep all documentation ready and respond quickly to any communication.
4. Monitor your credit file – A clean and accurate credit history can support a smoother application.
5. Time your application wisely – Consider avoiding peak application periods, such as immediately after major Bank of England rate changes.

You can check whether a broker is FCA-authorised by visiting the FCA register.

FAQs

1. How long does a remortgage usually take?

Many remortgage applications take between 4–8 weeks, but the timeline can be shorter or significantly longer depending on the lender, the legal process, and your individual circumstances.



2. Can a low property valuation stop my remortgage?

Not always. It may affect your loan amount or available rate, but other products may still be available.



3. Will using a broker speed up my remortgage?

In many cases, yes—FCA-regulated brokers can guide you through documentation requirements and liaise with lenders on your behalf.



4. What happens if my current mortgage deal ends before my remortgage completes?

You may be moved onto your lender’s Standard Variable Rate (SVR), which is often higher than fixed-rate alternatives.



5. Can I switch lenders during a remortgage application?

Yes, but doing so may restart parts of the process and result in additional delays or costs.

Important Information

Your home may be repossessed if you do not keep up repayments on your mortgage.

This article is for general information only and does not constitute financial advice. Always seek guidance from an FCA-authorised mortgage adviser. Product availability and criteria may change. Accurate as of August 2025.