Refinancing
Refinance for better terms
Switch your existing loan to a better deal
Why Credipass?
You don't have to insist on an old loan
Expert guidance
We review your current mortgage and identify refinancing options suited to your financial situation.
Market comparison
We compare offers from multiple banks, including rates, fees, repayments and total costs.
A smoother process
From the first calculation to the new agreement, we help you navigate every step.
Better-suited conditions
We help you explore terms that may fit your current needs better than your existing mortgage.
Our partners
Trusted banking partners behind every successful solution
Our experts
Why work with an expert?
Refinancing involves more than finding a lower interest rate. We compare the full cost of switching and help you determine whether changing your mortgage would genuinely benefit you.
A clearer, more predictable process
We guide you through every step, helping you understand the costs, requirements and potential benefits.
A more informed application
We assess the available options before you apply, helping you focus on solutions that may suit your situation.
Access to a wide range of offers
Through our established banking partnerships, we help you explore relevant refinancing options.
Avoid costly decisions
We calculate whether the potential savings outweigh the fees and other costs involved in switching.
About refinacing
Could refinancing improve your mortgage?
- 1
Refinancing replaces your current mortgage
A new mortgage is used to repay your existing loan. You then continue repayment under the conditions of the new agreement.
- 2
A lower rate could reduce your costs
If more favourable rates are available, refinancing may lower your monthly repayment or the total amount you repay.
- 3
A longer term is not always cheaper
Extending the loan term can reduce your monthly instalment, but it may increase the total cost of borrowing over time.
- 4
Switching comes with additional costs
Valuation, administration, notary and early repayment fees may apply. These should be compared with the potential savings.
- 5
This is where Credipass adds value
Our experts calculate the real cost of refinancing, compare relevant offers and help you decide whether switching makes financial sense.
How does the process work?
From your first calculation to successful disbursement, our experts guide you through every step of your mortgage journey.
- 01
- Start a calculationFind out how much you can borrow.
- 02
- Get in touchFill out the form and one of our financial experts will call you back.
- 03
- Free consultationWe present you with the best available offers.
- 04
- Start your applicationPre-qualification and full support throughout the process.
- 05
- Successful disbursementYou receive your loan and move forward with your plans.
Requirements
What will you need to refinance?
You’ll typically need:
- 1
Your existing loan agreement and up-to-date loan details.
- 2
A statement from your bank confirming your outstanding balance.
- 3
Valid identification documents.
- 4
Regular, verifiable income.
- 5
A good credit history.
- 6
For mortgages, documents relating to the property used as collateral.
Start building your financial future today
Discover how much cash you have in your home and ways you can access it
Questions and aswers
Clear answers to the most common questions about refinancing.
Loan refinancing means taking out a new loan to repay your existing debt, then continuing to make repayments on the new loan. The aim may be to lower your monthly repayments, reduce the total amount repayable, shorten the loan term or secure a more predictable interest rate.
Refinancing may be worth considering if a better deal is available, you still have a long time left on your mortgage, or your current loan no longer suits your circumstances. Before making a decision, you need to take all the costs of switching into account.
Not necessarily. Your new interest rate, outstanding balance and chosen loan term together determine your monthly repayments. A longer term may reduce your monthly payments but increase the total amount you repay.
Potential costs include early repayment fees, property valuation fees, notary fees, land registry fees and bank fees associated with the new loan. Some promotional offers may reduce or reimburse certain costs.
Yes. Refinancing often involves switching banks, but it is always worth checking whether your current bank offers better terms for modifying or refinancing your loan.
You may be able to, depending on the options your bank offers. Before deciding, it is worth comparing your current bank’s offer with those available from other lenders.
Some loan products allow you to consolidate multiple existing debts. This can leave you with a single monthly repayment, but switching is only beneficial if it also makes financial sense when all costs are taken into account.
Usually, yes. The new bank needs to confirm that the property provides sufficient security for the refinancing loan.
Some loan products allow you to borrow additional funds for any purpose alongside refinancing your existing debt. Whether this is available depends on your income, the value of your property and the bank’s lending criteria.
Refinancing a mortgage generally takes longer than applying for an unsecured loan, as it may involve a property valuation, a credit assessment and notarial formalities. The exact time frame depends on the complexity of your case and the bank you choose.
Yes. Your existing bank may treat refinancing as full early repayment of your loan, which may incur a fee. You should factor this into your calculations when assessing whether refinancing will pay off.
That depends on your goal. A longer loan term may ease pressure on your monthly budget for the time being, but you could end up repaying more overall. It is worth looking at both your monthly repayments and the total amount repayable before deciding.
Credipass’s loan brokerage service is free of charge for our clients.
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