Know the dates
Check when the deal ends, the follow-on rate and whether an early repayment charge applies.
Remortgage advice
Remortgage advice before your current deal ends.
Compare staying with your lender, moving to another lender or borrowing more—with the rate, fees, flexibility and longer-term cost considered together.
Start with the mortgage you have
A remortgage is a review of the borrowing on the home you already own.
It usually means replacing your current mortgage with a new one on the same property.
You are not moving home; you are deciding whether the mortgage can work better for what comes next. That may mean a different lender, a product transfer with your current lender, a new term, more certainty or additional borrowing.
Understand the position
Your mortgage balance and property value help determine the loan-to-value options available.
Look beyond today
Affordability, future plans and the remaining term all shape a suitable route.
Reasons to review
The next mortgage should fit the next stage of your plans.
A lower headline rate is only part of the picture. Fees, incentives, charges, flexibility and total cost need to be considered together.
Current deal ending
Plan before the follow-on rate
Review the available routes before your current product finishes, rather than leaving the decision until the last moment.
↗ Rate and termRework the structure
Consider whether a different product type, repayment term or level of payment certainty better suits you.
↗ Additional borrowingRaise funds with care
Explore borrowing for home improvements or another purpose while understanding the extra secured debt and overall cost.
↗ Circumstances changedFind the right lender approach
A change in income, employment, credit or commitments can affect which lenders and routes may be suitable.
↗Compare both routes
Stay with your lender or move to another?
Neither route is automatically better. The useful comparison is the one that reflects your circumstances, eligibility and total cost.
Product transfer
Choose a new product from your current lender without replacing the mortgage with another provider.
- May involve fewer checks and less administration
- Options are limited to your current lender’s range
- Can be worth comparing where simplicity or timing matters
Remortgage
Replace the existing mortgage with a new mortgage from a different lender on the same property.
- Opens a wider range of lenders and product options
- New affordability, credit and property checks usually apply
- Valuation, legal work and fees may need to be allowed for
The comparison should include: rate, product fees, incentives, early repayment charges, legal or valuation costs, flexibility and the cost over the period you expect to keep the mortgage.
What lenders review
Your current circumstances still matter.
Even though you already have a mortgage, moving to a new lender normally means a fresh assessment. Different lenders can take different views of the same application.
Discuss your positionIncome and outgoings
Affordability is assessed using income, regular spending and financial commitments.
Credit and commitments
Credit history, loans, cards and other monthly commitments can influence the available route.
Property and equity
The property, estimated value, mortgage balance and resulting loan-to-value are considered.
Purpose and future plans
The reason for borrowing, preferred term and likely changes ahead help shape the recommendation.
Remortgage questions
Clear answers before you decide.
Your existing statement, current balance, deal-end date and any early repayment charge are useful starting points for a review.
When should I start reviewing my mortgage?
Starting several months before your current deal ends can leave time to compare options and prepare an application. How far ahead a new product can be arranged varies by lender and product.
What is the difference between a product transfer and a remortgage?
A product transfer means selecting a new deal with your current lender. A remortgage usually means replacing the mortgage with one from a different lender. Both should be compared on suitability and overall cost, not rate alone.
Can I borrow more when I remortgage?
Possibly. The answer depends on your equity, affordability, credit profile, the property and the reason for the additional borrowing. Any extra amount becomes part of the debt secured against your home.
What if my income or credit position has changed?
A change does not automatically prevent a remortgage, but it can alter the lenders and products available. Reviewing the details early helps identify a realistic route before an application is made.
Will I need a solicitor or conveyancer?
Moving to a different lender usually involves legal work, although some products may include a standard legal service. A straightforward product transfer with the same lender does not usually involve the same conveyancing process.
What will the advice cost?
We charge a fee for mortgage advice. Our standard fee is £495, although the fee may range from £0 to £650 depending on the application. The exact amount will be confirmed before you proceed.
Take the next step
Review the options before your current deal ends.
Share your current balance, rate and deal-end date for a clear view of what is worth comparing next.
Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it. Changing your mortgage may involve fees or early repayment charges.