Remortgage
Move to a new mortgage
Remortgaging is when you move your existing mortgage to a new deal. This might be with a new lender, or your current one, when it’s called a product transfer or switch.
Most people look to remortgage when their current deal comes to an end, to avoid falling into the lender’s Standard Variable Rate (SVR), which is usually higher. For others it's to release funds, or to update the property ownership or mortgage term.
Remortgaging can also work if your property has increased in value, moving you to a lower Loan To Value (LTV) band, making you eligible for better rates.
Remortgage
Frequently Asked Questions
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Why should I remortgage?
You should consider remortgaging if there has been a change in your circumstances or the value of your home, or if your current mortgage is coming to an end. Our team of advisors will be able to talk through your options.
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When should I remortgage?
You can remortgage at any time, however, it may not always be the right time. Most people tend to remortgage towards the end of their existing rate, to avoid falling into the lender’s Standard Variable Rate (SVR), which is typically higher than the deal you were on.
Keep in mind – if you’re not coming to the end of your existing rate, you’ll need to check whether there’s an early repayment charge or fee for exiting your current mortgage. -
How much can I borrow?
How much you can borrow will depend on your individual circumstances and the amount of equity and deposit you have. Our advisors will be able to assess your situation to find how much is available to you based on your current circumstances.
