4.97 out of 5 based on 2,400+ reviews
4.97 out of 5 based on 2,400+ reviews
Whether you’re looking for a more suitable rate, release equity or change your mortgage term, remortgaging is a decision worth getting right.
Rated 4.97 out of 5 from 2,400+ reviews
REMORTGAGING YOUR PROPERTY
Most lenders allow borrowers to secure a fixed rate up to six months before their existing deal ends, often with the flexibility to switch if more competitive options emerge before completion.
We can provide a formal quotation promptly, giving you certainty on your monthly payments and protecting you from any further rate adjustments.
Your home or property may be repossessed if you do not keep up repayments on your mortgage
Coming to the end of your deal or have a question? Talk it through with one of our consultants and ask them directly.
your choices
Switching to a new deal with your existing lender rather than moving elsewhere. It’s often quicker and involves less paperwork than a full remortgage, and many lenders don’t require a full valuation when you’re not changing the amount you borrow.
Moving to a new lender can unlock a wider range of rates and features, but usually means a full application again, affordability checks, underwriting and a valuation. It can take longer and be more document-heavy than staying put.
Often called additional borrowing or a further advance. To raise funds for home improvements or consolidate debts, you may be able to increase your balance as part of a remortgage. Lenders look at your equity, loan-to-value and affordability.
Extending the term can reduce monthly costs. Shortening it can cut total interest and clear the mortgage sooner. Switching to or from interest-only changes payments significantly and raises the importance of a clear repayment plan and exit strategy.
The benefits
Remortgaging isn’t only about finding a lower interest rate. Done at the right time, it can help you save money, restructure your borrowing, or put your home’s equity to work. Common reasons people remortgage include:
Before you switch
Before exploring new products, it’s important to assess your existing mortgage.
Know how much longer you’re committed to your current deal.
The difference between your property value and outstanding mortgage determines your borrowing options.
Understand any penalties for leaving your current deal early.
Are you seeking lower monthly payments, debt consolidation or a shorter term?
every situation is different
High-Value or Complex Properties
Specialist lenders and private banks may offer bespoke solutions.
Debt Consolidation
Bring mortgage and non-mortgage debt into a single repayment for easier management.
Buy-To-Let or Investment Funding
Switching or borrowing additional funds for rental purposes.
Self-Employed or Complex Income
Support for fluctuating business profits and non-standard income streams.
Term Adjustment
Choosing to shorten or lengthen your mortgage term for better cash flow management.
Before you decide
It is worth considering:
Valuation fees, arrangement fees, legal fees, and any broker fees.
Leaving your current deal early may result in penalties.
Lenders reassess income and outgoings; make sure your finances support the new mortgage.
Extending reduces monthly payments but may increase total interest; shortening does the opposite.
Especially important for interest-only or equity release mortgages.
Applicants with self-employed income, multiple income streams, variable bonuses/commission, or recent changes in employment often face more detailed evidence requirements. Lenders may ask for additional documents to verify stability and affordability (and the process can take longer if underwriters need clarifications).
This is one reason remortgages with complex income can benefit from planning early—so you can gather the right paperwork and choose lenders whose criteria fit your profile.
Your home or property may be repossessed if you do not keep up repayments on your mortgage
every situation is different
Remortgaging isn’t just about chasing the lowest headline rate — it’s about getting the right structure, lender and long-term outcome for your circumstances. Private Finance provides clear, strategic advice from initial review to completion, so you can make confident decisions and avoid costly missteps.
With whole-of-market access, we compare options across high street, specialist lenders and private banks to find a deal that fits your goals — whether that’s reducing payments, releasing equity, consolidating debt or changing your term. We look beyond the rate to the total cost, fees, early repayment charges and key features that could affect your flexibility in the future.
If your situation is complex, such as self-employed income, multiple income streams, a high-value or unusual property, or time-sensitive borrowing, we help position your case and manage the process end to end, including documentation, lender communication and timelines. The result is a smoother remortgage journey and a solution built around your finances, not a one-size-fits-all product.
It is possible to remortgage in advance of your current mortgage deal expiring, however, you may be subject to ERCs (early repayment charges). These charges can vary depending on your specific mortgage agreement, so it’s important to check with your lender.
It’s also important to consider the overall costs and benefits of remortgaging early, including any potential savings in interest rates versus the cost of ERCs and other fees associated with remortgaging.
You should start looking for a new mortgage deal at least six months before your current mortgage deal ends.
You can remortgage at any point you feel you would benefit from switching to a new lender or changing your mortgage. However, there may be early repayment charges if you leave your current mortgage early.
Your house will only need to be valued for a remortgage if you are changing lenders, whereas you will not need a valuation if you are doing a product transfer with your current lender.
If you own your property outright or have paid a large chunk of your mortgage already, you may want to release some equity to:
Typically, remortgaging takes between 4 to 8 weeks on average, however this will depend on your individual circumstances and the conveyancing process as a third party involvement. We have a selection of trusted professionals we can recommend in this area. All partners we recommend to you are met with the high premium level service we offer.
Your mortgage can be useful as a financial planning tool. Remortgaging may enable you to raise capital on your existing property and allow you to finance the purchase of a second property or buy-to-let or finance home improvements which could add value to your home.
Remortgaging can help to finance outstanding debt however, you may find the total interest payments are higher compared to using alternative types of loans. Our consultants can help you understand the best option for you.
A solicitor will be required to remortgage for the conveyancing process, however as there is no exchange of contracts or change of ownership, this is much simpler process than buying a house.
Whatever your situation, our premier mortgage team can advise on suitable solutions. We specialise in complex and bespoke mortgage solutions to help you find competitive terms.
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