When and how to remortgage
Everything you need to know about switching your mortgage — from timing your move to finding the best new rate. Your adviser does the hard work.
What is remortgaging?
Remortgaging means switching your mortgage to a new deal — either with your current lender or a different one. Most homeowners remortgage when their initial fixed or tracker rate ends, to avoid moving onto their lender's Standard Variable Rate (SVR), which is typically much more expensive.
A well-timed remortgage could save you hundreds of pounds a month. The average UK homeowner on a typical SVR could save over £2,000 a year by switching to a competitive deal — but the right time and the right deal depend on your individual circumstances. That's where a mortgage adviser with access to a wide variety of lenders comes in.
When should you remortgage?
There's no one-size-fits-all answer — but these are the most common reasons UK homeowners switch.
Your fixed rate is ending
Start looking 3-6 months before your initial deal ends to avoid slipping onto your lender's expensive Standard Variable Rate (SVR).
Your home's value has risen
If your property has increased in value, your loan-to-value (LTV) ratio has improved — unlocking access to cheaper mortgage rates.
You want to borrow more
Remortgaging can release equity for home improvements, a new kitchen, or consolidating more expensive debts into one lower monthly payment.
Your circumstances changed
A new job, better credit score, or increased income could mean you now qualify for deals that weren't available when you first took out your mortgage.
The remortgage process
Check your current deal
Find out when your rate ends and whether there are any early repayment charges (ERCs). Your adviser can help you time the switch perfectly.
Get your property valued
An up-to-date valuation determines your LTV, which is the single biggest factor in the rate you'll be offered.
Compare deals with your adviser
Your adviser searches 90+ UK lenders — high street banks, building societies and specialist lenders — to find deals suited to your circumstances.
Apply through your adviser
Your adviser handles the application paperwork, liaises with the lender, and keeps the process moving — so you don't have to.
Complete and switch
Once approved, your new mortgage pays off the old one. Many remortgages complete in 4-8 weeks with no upfront fees.
A mortgage adviser does what a lender can't
Going direct to one lender means seeing one set of deals. A mortgage adviser with access to a wide variety of lenders sees far more.
Access to a wide variety of lenders
Your adviser searches a wide variety of UK lenders — not just the handful on the high street. 90+ lenders, one conversation.
Expert, regulated advice
FCA-regulated, CeMAP-qualified advisers who explain your options clearly and recommend the right deal for you.
Complex cases welcome
Self-employed, contractor, imperfect credit? A mortgage adviser knows which lenders will look at your full picture.
We handle the paperwork
Applications, valuations, legal work — your adviser manages the whole process so you can get on with life.
Ready to find a better remortgage deal?
An expert mortgage adviser will search 90+ UK lenders for your best remortgage rate. No obligation, no credit check.
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