How Remortgaging Works

Remortgaging means switching your current mortgage to a new deal, either with your existing lender or a different one. It’s often a smart way to save money or adjust your finances as your circumstances change.

Reasons to remortgage:

  • Secure a better interest rate:
    When your current deal ends, you may avoid higher standard variable rates by switching to a new fixed or tracker deal.

  • Release equity:
    You can borrow additional funds for home improvements, debt consolidation, or other financial needs, if affordability allows.

  • Change your mortgage term:
    Shortening or extending your term adjusts monthly payments and the total amount of interest paid over time.

  • Change mortgage type:
    Move from variable to fixed (or vice versa) depending on your financial preferences.

The remortgaging process:

1️⃣ Review your current deal’s expiry date and any early repayment charges (ERCs).
2️⃣ Assess affordability based on current income, debts, and outgoings.
3️⃣ Compare available deals across the market.
4️⃣ Apply for the new mortgage, subject to full underwriting and valuation.
5️⃣ The new lender (or solicitor) handles the switch on completion.

When should you start looking?

  • Typically, 3–6 months before your current deal ends to avoid slipping onto your lender’s higher variable rate.

We handle the full process, compare lenders, and ensure you switch smoothly to the most suitable new deal.

"Remortgaging is often one of the easiest ways to improve your financial position — but with so many deals available, choosing the right one can feel overwhelming. We’ll review your full situation and handle the entire process to secure the best outcome for you."