Remortgage
Mortgage and Insurance Advice You Can Trust Across The Whole of the UK
Get the right deal when you remortgage
When switching from one mortgage to another, you need to know exactly what you’re benefitting from. With so many options on the market, there’s plenty of opportunities to switch. This also means extra risks, and a poor remortgaging decision can end up costing you money in the long run.
We are experts in remortgaging your home, we’ve helped hundreds of homeowners switch to more beneficial mortgages.
We’ll talk you through the options available, point out any potential risks and help you decide whether remortgaging your home is the right choice.
‘Your home may be repossessed if you do not keep up repayments on your mortgage’
Here’s how we can help-
Work with remortgaging experts with years of experience in helping homeowners.
Whole of market access to mortgage rates.
We negotiate with lenders, write up documents, and sort the complex parts.
No-obligation quote of your current situation
You could potentially borrow up to 90% of the value of your home
‘Think carefully before securing other debts against your home. Consolidating debt may reduce your outgoings now, however you may pay more interest over your mortgage term’
‘Your home may be repossessed if you do not keep up repayments on your mortgage’
‘You may have to pay an early repayment charge to your existing lender if you remortgage
Lower Interest Rate
You may be looking to remortgage to see if there are more competitive deals available from other lenders.
Raise Capital
If your property has equity you may wish to make improvements on your home, invest in another property, consolidate debts or use for another personal reasons. You may be able to remortgage to a new lender and borrow additional funds which will help you to enjoy the additional money but still keep your monthly payments at a manageable level.
Change Mortgage Product
You may be able to gain a better deal from your exisiting mortgage provider to remain with them as a mortgage customer.
Consolidate Debts
You can potentially use the equity in your home to help with debt you may have. Remortgaging your home may be a solution to help free up cash to consolidate your debts and reduce stress
Change Your Mortgage Term
Mortgages are stretched over a long period and your circumstances will change within that time. You may choose to change your mortgage term over that time too, you may be able to pay off your mortgage quicker and retire earlier than planned, or you may be struggling with money and choose to increase the term to reduce payments.
Is It Worth Remortgaging My Home?
Remortgaging your home can come with plenty of benefits, like saving you money from a variable mortgage rate that’s consistently increasing, or releasing extra money from your home as the market value goes up.
You could end up paying less in outgoings each month, or even less interst overall by reviewing your mortgage balance and term. Remortgaging can help you release some equity on your home, freeing up money to consolidate debts, or put back into the house to raise its value even further.
Remortgaging your home isn’t an easy decision and you’ll need to ensure you’re getting a worthwhile benefit before going ahead. Although many lenders will offer good deals, there can also be a lot of costly fees involved with the process, known as “switch costs”if you dont choose wisely
If these costs outweigh the benefits of the remortgage, it’s best to stick with your current deal.
If you’re not sure how to approach this, get in touch with us. We’ll put together all the information you need to know — explaining the process from start to finish, the costs involved, and whether or not we think it’s worthwhile.
What is remortgaging and how does it work?
Remortgaging means switching your existing mortgage to a new deal — either with a different lender or a better product from your current one. People typically remortgage to secure a lower interest rate, release equity from their home, consolidate debts, or change their mortgage term. We compare deals across the whole of the market and handle the entire switch for you.
When is the best time to remortgage my home?
The ideal time is usually 3–6 months before your current fixed or discounted deal ends, so you can lock in a new rate and avoid rolling onto your lender’s standard variable rate (SVR), which is often more expensive. We’ll review your current deal’s end date and any early repayment charges to time the switch so it saves you the most money.
Can I remortgage to release equity from my property?
Yes. If your home has increased in value or you’ve paid down a good chunk of your mortgage, you may be able to remortgage and borrow additional funds — often up to 90% of your property’s value, subject to circumstances. Homeowners commonly use this for home improvements, investing in another property, or consolidating debts, while keeping monthly payments at a manageable level.
Is it worth remortgaging, or should I stay on my current deal?
It depends on the “switch costs” involved — such as early repayment charges, arrangement fees, and legal costs. If these outweigh the savings from a new deal, staying put may be the smarter option. We’ll give you a no-obligation review of your current situation, lay out all the costs, and give you an honest view on whether remortgaging is worthwhile.
Can I remortgage to consolidate my debts?
Potentially, yes — using the equity in your home to clear other debts can reduce your monthly outgoings and simplify your finances. However, it’s important to think carefully before securing other debts against your home: consolidating may reduce your outgoings now, but you could pay more interest over the full mortgage term. We’ll help you weigh up whether it’s the right move.
Will I have to pay any fees when I remortgage?
Possibly. You may face an early repayment charge from your existing lender if you leave your deal early, plus potential arrangement and valuation fees on the new mortgage. Our initial consultation is free with no obligation, and if you proceed we typically charge a £499 arrangement fee — payable only once you receive your mortgage offer.