Switch and save
Remortgaging, get a better deal
When your existing fixed or tracker deal ends, you’ll move onto your lender’s standard variable rate (SVR), typically one of the most expensive rates available. Remortgaging means switching to a new deal, either with your existing lender or a new one, to secure a better rate and lower your monthly payments.
We review the whole market on your behalf, not just the deals your existing lender offers. In many cases, switching lender delivers significant savings over staying put.
- Whole-of-market rate comparison
- Early review, 6 months before your deal ends
- No hidden fees surprises
- Capital raising options available
- Free, no obligation consultation
- Managed from application to completion
Timing your remortgage
When should you remortgage?
The right time to remortgage depends on your current deal and circumstances. As a general rule, we recommend starting your review six months before your current deal expires, this gives you time to lock in a rate now (many lenders allow you to agree a rate ahead of time) while your application completes before you fall onto the SVR.
Deal Expiry
Start your review 3-6 months before your fixed, tracker, or discount deal ends. Avoid rolling onto the SVR for even one month if you can.
Rate Falls
If market rates have dropped significantly since you last fixed, it may be worth paying an early repayment charge to switch early. We’ll run the numbers.
Equity Increase
If your property has increased in value, you may now fall into a lower LTV band, unlocking better rates even on a new deal at the same lender.
Borrowing more
Capital raising, borrowing against your equity
If you’ve built up equity in your home, remortgaging is also an opportunity to release cash, often called capital raising. Common reasons include home improvements, debt consolidation, school fees, or helping a family member onto the property ladder.
What to consider
The costs of remortgaging
Remortgaging isn’t always free, but in most cases the savings far outweigh the costs. Here’s what to factor in:
- Early repayment charges (if still in deal)
- Product/arrangement fees on new deal
- Valuation fee (often free with new lender)
- Legal fees (often free with new lender)
- Broker fee (we’re transparent about ours)
- New lender vs same lender trade offs
