How Long Does It Take to Switch Your Mortgage

You can refinance your mortgage loan to take advantage of lower interest rates, change your term, consolidate debt or take cash out of your equity. Though there is no exact time limit on how long a refinance can take, most refinances close within 30 to 45 days of your application.

How long does it take to swap mortgages?

You can typically expect the mortgage switching process to take around one to two months. This may be longer, depending on any complications surrounding your existing mortgage. You’ll also need to complete a more thorough application process than switching with the same provider.

How long does it take for mortgage offer to completion remortgage?

You’ll need to allow at least four weeks from the date your mortgage offer is issued for a standard remortgage to complete. If your circumstances are more complex and the conveyancer requires additional information, it can take longer than this.