Ready to Remortgage?

According to Barclays, one in three homeowners know remortgaging could save them money, yet 49% of homeowners have never switched their deal.
(Source: Barclays, October 2021)

Some borrowers would simply opt to remain with their existing lender on a like-for-like mortgage deal. This is called a Product Transfer, which may be the most suitable route to adopt, and we can help you with this.

Assess the wider marketplace

However, it would also be prudent to consider what’s on offer elsewhere. Particularly, as your circumstances may have changed since you took out the previous deal.

You might be earning more, may now be with a partner/family, possibly benefited from your property rising in value, face financial issues, and so on.

All of this needs to be weighed up, as alternative lenders may be better suited for your current situation.

Whilst, at the same time, your existing lender’s appetite to lend may have waned.

Remortgage early

If you think that the current decent deals on offer are also something you’d like to snap up now, ahead of the end of your deal period, then that’s feasible too.

However, there may be an early repayment charge payable to your existing lender, if you do remortgage. It’s then about doing the maths.

Remortgage for further funds

Any type of remortgaging isn’t simply about looking to take up a new deal for the same amount of borrowing. You may be keen to raise extra money to cover the cost, for example, of home improvements or major renovations.

Sitting on your lender’s SVR

Whatever you opt to do, it’s probably best to avoid coming to the end of your mortgage deal period and not setting up a new one, as the lender will revert you onto its Standard Variable Rate.

On average, this is 4.46%. This could then result in a hefty increase to your monthly payments. Or, conversely, a sizeable saving if you’re currently on an SVR, and now keen to remortgage.
(Source: Moneyfacts, 7 February 2022)

Your home may be repossessed if you do not keep up repayments on your mortgage.

Speak to one of our mortgage experts
Enter your number below to schedule a callback with one of our team.*
Now choose your preferred day and time
Excellent service, highly recommended. Great communicators and very helpful for us as first-time buyers.
Always there to help with helpful and honest advice, would recommend to anyone. We are first time buyers and they really helped with simplifying all the jargon and giving us great advice.
Chris M
Great communication and customer service throughout the process.
A very helpful, trustworthy and straight,-talking service that got us the result we wanted.
First time buyer
Very informative personnel, happy to help and easy to communicate with. I would definitely recommend.
Excellent service! Couldn't ask for.more. thank you so much !!
Mr&Mrs Martin
Request a
call back
Preferred day*
Preferred time*

Arrange a callback

Please complete the form below and one of our specialist mortgage advisers will call you back.
Preferred day*
Preferred time*

We use cookies on this website. You are free to manage cookies settings via your browser at any time. To learn more about how (and why) we use cookies, take a look at our Privacy Policy.