Re-mortgage question please advise?

im remortgaging with Chelthnam and Glochester (currently with Nationwide) and they are requesting ALL the same paperwork you would need to provide if we were taking out a mortgage for the first time.

Is it normal procedure for C%26amp;G (or any remortgage provider) to request; pay slips 2007, 2007 P60,Child Tax credits assesment, Child benefit assesment, and passports for proof of ID on a remortgage?

We also have over 65% equity in our property (so only borrowing 35% the value of our house) so its not like they are loaning us 100% mortgage.

any insight appreciated

Re-mortgage question please advise?

yes it is normal practice some place ask for less than others but most will be around the same for id and such bits of info, remember YOU are remortgaging but to them it's a new mortgage application even if it is for less than 50% of the property value hope you get a good rate as the prices are high now and dont tie in too long as they are likely to drop in the future.

Re-mortgage question please advise?

The fact that you are using the money to pay off another loan is irrelevant, no one is going to loan you tens of thousands of pounds without first ensuring that you have the means to pay it back.

Re-mortgage question please advise?

It should not be a long drawn out process. Those things they are requesting are silly. You don't need all that to re-fi.

Re-mortgage question please advise?

You are applying for a brand new loan and that is why they want all the paperwork. It is normal. Even if you were refinancing with the same company they would probably ask for all of that information because your income could have changed from when you originally got the loan. Also, you'll probably have to have the property appraised and a title search done.

Re-mortgage question please advise?

The mortgage company can still request the information all over again at any time to verify your current financial standing. Especially with current Foreclosures. Mortgage companies are being way too careful.

Re-mortgage question please advise?

A remortgage is a replacement loan taken out by the same borrower for the same property, usually with a different lender; as such, a remortgage is considered in exactly the same way as any conventional mortgage application. The lender has to take account of the legal capacity to borrow, motives and purposes of borrowing, income and outgoings, occupation, personal circumstances, age, existing commitments and payment record to date and security offered. It is not just required to do so under its conduct of business rules, it is sound risk management and business practice to ensure that all applicants meet their lending criteria.