Sorry if this sounds stupid but..

[Heidyx]

Is getting a new fixed rate on your morgage the same as remorgaging ? Cant find anything online

Yes. Even if you're moving to a new fixed deal with the same provider it's still a new mortgage.

Not necessarily.

Remortgaging is changing lender without moving house.

You could stay with the same lender and just move onto one of their fixed rate deals.

You normally get a better deal with a remortgage because you're a new customer to your new lender and they normally do better deals for new customers rather than existing customers.

Yes!

If you’re coming to the end of a deal (2-years/3 years/5 years etc) and your mortgage will go up unless you get another fixed rate, then you need to remortgage onto another deal.

Right so. Getting a new fixed rate with the same kender isnt a remorgage ? But getting a new fixed rate with a different lender is remorgaging ?

Yes, but ime far fewer hoops to jump through. Mine was a single form completed online and accepted within an hour or so.

No bank statements or valuation etc.

I think it's maybe termed applying for a new fixed rate rather than remortgage.

Im so confused about it. Has anyone seen the other thread about those new fire security forms needed in flats and how itbwill effect people wanting to sell or remorgage ? Im wondering if wpuld effect people wanting to just get new fixed rates.

It won't affect you getting a new deal (switch) with your existing lender as they've already done their valuation/checks etc on your property. If you changed lender (remortgaged) they'd have to make sure your property fit their lending criteria

Former mortgage broker here. If you stay with the same lender you are NOT remortgaging. You need to speak to your lender to see what fixed rates are available to existing customers.

A remortgage is when you switch to another lender.

Has anyone seen the other thread about those new fire security forms needed in flats ... No but I live in a flat, so do tell me more. Got a link to a specific thread. I imagine that flats with cladding on could be an issue, so maybe something that affects some types of flats and not others.

Thank you all for the clarification! Also I dont know how to link threads sorry

When someone tells me they have remortgaged their house I assume they have taken a bigger loan and had a cash-out.

“We had to remortgage the house to get the money for the extension” kind of thing.

Thats what I assumed too , but then I did wonder about new fixed terms, tried googling it and I couldnt really figure out the answer