Please click below for the answers to our most commonly asked questions. If you can't find the information you need, call us free on 0800 694 5566 and one of our advisers will be happy to help.
How much can I borrow?
At Norton Finance you can borrow anywhere between £3,000 and £500,000.
How long are the repayment terms?
Our flexible repayment terms range from one to 30 years.
What are the interest rates?
Interest rates depend on your financial situation but start from 1.15%.
Are there any loan fees?
We get our commission from the lender, not the customer. We may charge broker fees of 12.5% of the original loan, but that’s capped at £3,995.
Do I need a solicitor?
If you’re remortgaging with the same lender, they’ll handle the legal work. However, if you’re switching for a better rate elsewhere or want to release a cash lump sum, a conveyancing solicitor can assist with all the legal paperwork.
Do I need a valuation?
You’ll need to get a valuation on your property to find out its current worth. This will give you an idea of how much you’d want to borrow, and if you could find a better deal elsewhere.
Can I pay off a remortgage early?
A remortgage can be paid off at any time during the agreement - but most lenders will charge an Early Repayment Fee if you do. This charge makes up for the interest the lender will miss out on when you leave. It’s worth considering whether you can afford these fees when deciding if you should repay in full early or not.
Can I remortgage with negative equity?
Sometimes the value of your home can drop, meaning it may be worth less than when you bought it. In this situation, it’s best to wait out the market and overpay on your debts rather than seeking a new deal, which is likely to be costlier than your current plan.