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Remortgaging

What your current rate is costing you.

When a fixed rate ends your lender moves you to their standard variable rate, which they set and can change whenever they like. This works out the difference between staying, switching, and doing nothing.

Remortgage SavingsLive
On your annual statement. Ask us if you cannot find it.
Difference each month if you switch
—
On your current rate—
On the new rate—
If you do nothing and roll onto SVR—
Difference over two years—

Deal ending soon?

Send us these figures with your lender and end date, and we will price the switch properly, fees and all.

Send these figures

Illustrative only, based on a repayment mortgage and the figures you have entered. It excludes fees and any early repayment charge. It is not a quote or a recommendation.

What this sum cannot see

  • It ignores fees. A product fee, a valuation fee and any legal costs all come off the saving, and a cheaper rate with a large fee sometimes loses to a higher rate without one.
  • It ignores early repayment charges. Leaving a deal before it ends usually costs a percentage of the balance, and that can be thousands.
  • It assumes the rate you type is one you can actually get. Rates depend on your loan to value, your credit file and the lender's criteria on the day.
  • Your lender's own product transfer may be quicker and cheaper than moving, or it may not. It is worth pricing both rather than assuming either.

Every one of those is a question an adviser answers in a phone call. Send us your figures and we will tell you what they mean for you. Or read more about Remortgage.

Remortgaging, answered

When should I start looking?

About six months before your current deal ends. Most lenders let you reserve a rate that far ahead, so you can lock something in and still take a better one if rates fall before completion.

What happens if I do nothing?

You roll onto your lender's standard variable rate. Nobody chooses it, but plenty of people end up on it because the end date arrived while they were busy.

Does the saving here include fees?

No. Fees and any early repayment charge come off the top, which is why a cheaper headline rate does not always win.

Is a product transfer with my existing lender easier?

Usually quicker, often with no valuation or legal work. Convenient is not the same as cheapest, so it is worth comparing before accepting.

Request assistance

Send these figures to an adviser

Your figures come with the enquiry. These few extra answers cover what the calculator cannot know.

  • One of the five advisers on Eastfield Road, not a call centre.
  • Usually the same working day.
  • No obligation, and nothing to sign at the end of it.

Would rather talk now? Call 01733 602 033.

Please do not include medical or health details here. An adviser will go through those with you directly.