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Remortgaging

Time for a better deal

When your current mortgage deal ends, you move onto the lender's standard variable rate, which is almost always more expensive. We start searching six months before your deal expires, so a better rate is ready and waiting. No gap, no overpaying.

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Search 6 months early
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Release equity

How remortgaging works

Remortgaging means replacing your current mortgage with a new one, either with the same lender (a product transfer) or by switching to a different lender entirely. The process is simpler than buying a home because there is no chain, no estate agents and no completion date pressure.

We start the process six months before your current deal expires. That gives us time to compare the market, submit the application and get everything in place so the new deal starts the day the old one ends. You do not spend a single day on the standard variable rate.

Reasons to remortgage

Better rate

Your fixed or tracker deal has ended, or is about to. We compare the full market and find a new deal that keeps your payments low. Even a small rate difference adds up to hundreds over the term.

Release equity

Your property has gone up in value and you want to access some of that equity. Home improvements, helping a family member with a deposit, or paying for a major expense. We arrange the additional borrowing alongside your remortgage.

Consolidate debts

Rolling credit card balances, car finance or loans into your mortgage can reduce your total monthly outgoings. The debt is secured against your home, so it is important to understand the implications. We talk you through the numbers honestly.

Change of circumstances

Relationship changes, income increases, or wanting to switch from interest-only to repayment. Whatever the reason, we review your current deal and find a better fit.

Product transfer vs full remortgage

Your existing lender will offer you a product transfer, which is quick and simple but might not be the best deal. A full remortgage to a new lender involves a valuation and legal work but could save you significantly more. We compare both options and recommend whichever one genuinely saves you the most money.

Do not just accept your lender's offer

Your current lender will send you a letter offering new rates before your deal ends. These are often not the best available. We check those rates against the whole market and tell you honestly whether to stay or switch.

Common questions

When should I start?
Contact us six months before your current deal ends. Most lenders allow you to lock in a new rate that far ahead, protecting you if rates rise in the meantime.
Are there exit fees?
Most fixed-rate deals have early repayment charges if you leave before the fixed period ends. Once the fixed period is over, there is usually no charge to switch. We check your current terms before recommending anything.
Will I need a valuation?
If you switch to a new lender, they will usually arrange a valuation. Many lenders offer free valuations as part of the deal. Product transfers with your existing lender rarely need one.
Can I borrow more?
Yes, you can often borrow additional funds when you remortgage. This is commonly used for home improvements or debt consolidation. The lender will assess the extra borrowing against your income and the property value.

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Ready to explore your options?

Get in touch for a friendly chat. Honest, straightforward advice from our family to yours.

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