When to think about remortgaging
A remortgage means switching your mortgage to a new deal, often when a fixed or tracker rate ends. Common reasons to review your mortgage include:
- Your current deal is coming to an end
- You want to borrow more, for example for home improvements
- Your circumstances have changed, such as your income, family or plans
- You want to change your mortgage term or how you repay
When a deal ends, many mortgages move onto the lender's standard variable rate. It is worth starting the conversation well before your deal expires so there is time to review the options. Before your deal expires, we will contact existing clients to discuss what options are available.
Switching lender or staying put
You may be able to switch to a new product with your existing lender (often called a product transfer) or move your mortgage to a different lender. Each route has different checks, timescales and costs. We will explain the options available to you and what each involves.
Things to check
- The date your current deal ends
- Any early repayment charges if you leave before that date
- Your outstanding balance and an idea of your property's value
- Any fees for arranging, valuing or the legal work on a new mortgage
- Any changes to your income or outgoings since you last applied
Our remortgage checklist goes into more detail.
How it works
- Initial consultationWe take time to understand your goals, circumstances, and finances - no jargon, no pressure.
- Market searchWe look for products that suit your needs and explain the options clearly.
- ApplicationWe handle the paperwork, liaise with lenders, and keep you updated at every stage of the process.
- CompletionCollect your keys. Before your deal expires, we will contact you to discuss what options are available.
Questions about remortgaging
Should I fix for two years or five years?
That is a personal recommendation that depends on your plans, budget and circumstances. An adviser will go through this with you before recommending anything.
Can I remortgage a buy-to-let property?
Yes, we help landlords too. See our buy-to-let page. Most Buy-to-Let mortgages are not regulated by the Financial Conduct Authority.
Do you charge a fee?
Fees are dependent on individual circumstances and will be payable on application. The typical fee would be £495; maximum 2% of the mortgage loan.
Please note: This information is a guide only and should not be relied on as a recommendation or advice that any particular mortgage is suitable for you. All mortgages are subject to the applicant(s) meeting the eligibility criteria of the specific lender.