Remortgage
Are your mortgage payments too high? Find out how switching your mortgage could significantly reduce your monthly costs.
What is a remortgage?
A remortgage means switching your mortgage — either to a new lender or to a new product with your existing lender. The most common reason is that your fixed-rate period is ending, after which your bank automatically moves you onto a higher Standard Variable Rate (SVR). Switching your mortgage can significantly reduce your monthly payments.
When should you consider remortgaging?
- Your current fixed rate is ending within the next 3–6 months
- You're on an SVR and paying more than you need to
- Your property value has increased — you may qualify for a better LTV and lower rate
- You want to release equity for home improvements, investment, or other purposes
- You want to consolidate debts into one lower monthly payment
How does the remortgage process work?
- We review your current deal and check for Early Repayment Charges (ERCs)
- We search the market and compare available deals
- We submit your application to the chosen lender
- Property valuation (often free with a remortgage)
- A solicitor handles the transfer of the mortgage
- New mortgage activated — old one repaid
Is remortgaging worth it?
This depends on several factors: the level of Early Repayment Charges with your current lender, available market rates, and your current LTV. Our advisers will carry out a free analysis and give you a straight answer on whether switching makes sense in your situation.
Start 3–6 months before your fixed rate ends
Many remortgage deals can be reserved in advance. This means you can avoid falling onto an expensive SVR. Get in touch now — we'll review your current mortgage and advise on the best time to act.
Book a free consultation
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