Remortgage
If your current deal is ending or your circumstances have changed, we can help you compare a remortgage with the options offered by your existing lender.
Tell us what you want to achieve. We’ll explain what we need to understand your circumstances.
Support that fits your situation
A remortgage allows you to replace your existing mortgage with a new one, usually with a different lender. It can be an opportunity to secure a new mortgage product, review your repayments or choose an arrangement that better reflects your current financial circumstances.
Read common questions ↓A product transfer allows you to move onto a new mortgage product with your existing lender. For many homeowners, it provides a straightforward way to secure a new deal without changing lenders or completing a full remortgage application.
Read common questions ↓Before you proceed
We’ll help you understand the overall costs and practical considerations. Advice and availability depend on your circumstances and the lender’s criteria.
Make room to plan
Use our calculator to explore the numbers, then speak to us about your individual circumstances. Results are estimates, not a mortgage offer or advice.
Common questions
Most lenders allow you to secure a new mortgage product around three to six months before your current deal ends. Starting early gives you time to compare your options, complete the application and move onto your new mortgage without automatically reverting to your lender's Standard Variable Rate (SVR).
The amount you can borrow depends on factors such as your income, existing financial commitments, credit history, property value and the lender's affordability assessment. We'll review your circumstances and explain the borrowing options available before you apply.
Yes. Many lenders consider applications from self-employed borrowers, although they'll usually require evidence of your income and business performance. We understand how different lenders assess self-employed income, and we'll make sure your application presents your income clearly, accurately and in the format lenders expect.
Possibly, although your options may be more limited depending on the nature and age of the credit issues. Some lenders specialise in helping borrowers with adverse credit. We'll identify lenders whose criteria suit your circumstances and explain the options available.
It may be possible to increase your borrowing when you remortgage, subject to affordability and the lender's criteria. Additional borrowing is commonly used for home improvements, debt consolidation or other significant expenses. If you're consolidating debts, think carefully before securing other debts against your home, spreading repayments over a longer term may increase the total amount you repay.
In many cases, yes. The lender needs to confirm the current value of your property before making a lending decision. Some lenders use automated valuations, while others may arrange a physical inspection depending on the property and application.
Depending on the mortgage product you choose, there may be arrangement fees, valuation fees, legal costs or early repayment charges from your existing lender. We compare the overall cost of each option rather than focusing solely on the interest rate.
Most remortgages complete within four to eight weeks, although timescales vary depending on the lender, legal work and how quickly the required documents are provided.
Not necessarily. While a remortgage gives you access to a wider range of lenders and mortgage products, a product transfer may be the better fit in some situations. We'll compare both before making a recommendation.
Your home may be repossessed if you do not keep up repayments on your mortgage. It's also important to consider any fees, early repayment charges and the long-term affordability of the new mortgage before making a decision.
A product transfer allows you to switch to a new mortgage product with your existing lender instead of moving your mortgage to another provider. It is commonly arranged when your current mortgage deal is coming to an end.
Many lenders allow you to choose a new mortgage product up to six months before your current deal expires. Reviewing your options early gives you time to secure a new rate before your existing mortgage moves onto the lender's Standard Variable Rate.
Not always. Because you're remaining with the same lender, the process is often simpler than a remortgage. However, if you're making changes to your mortgage or borrowing additional funds, further checks may be required.
Yes, some lenders allow additional borrowing through a further advance. Approval will depend on your affordability, the amount you wish to borrow and the lender's requirements.
Product transfers often involve fewer upfront costs than changing lenders, although some mortgage products include arrangement fees. We'll explain any charges before you decide which option to choose.
Because you're staying with your existing lender, product transfers often complete more quickly than a remortgage, in many cases within a few days to a few weeks, although timescales vary between lenders.
They may. Your monthly repayments will depend on the mortgage product you choose, the interest rate, your remaining mortgage balance and the term left on your mortgage.
Some lenders allow changes to your remaining mortgage term as part of a product transfer. Any changes will be subject to the lender's criteria and may affect your monthly repayments and the total amount of interest paid.
Although staying with your existing lender can be convenient, another lender may offer a mortgage product that's better suited to your circumstances. Comparing both routes helps ensure you're making an informed decision rather than simply accepting the first offer available.
Accepting a product transfer without comparing the wider market could mean missing out on a mortgage that's better suited to your circumstances. Before making a decision, it's important to consider the overall cost, available features and your longer-term financial plans.
