Remortgage
Time to remortgage? Whether you're nearing the end of your rate or you want to learn how remortgages work, here on our Remortgage Hub you'll find everything you need to know.
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Remortgage a Property
Here you'll find the remortgage process broken down into 4 easy steps to get you started on your journey.
- Step 1: Learn How to Remortgage
- Step 2: Determine if You Want to Remortgage to Raise Capital
- Step 3: Work Out Much Can You Borrow on a Remortgage
- Step 4: Compare Remortgage Rates and Deals
Each section below covers one of the 4 main steps and includes an assortment of relevant information, resources and remortgage advice.
Step 1: Learn How to Remortgage
First thing's first: you need to understand what remortgaging is and how it works. See our How to Remortgage guide here which takes you through what to expect and your remortgage options or browse our guides below for answers to more specific questions.
How Long Does It Take to Remortgage?
Looking to remortgage your home but unsure on the timeline? We explain how remortgaging works, how long it takes and all the costs involved in remortgaging in our guide.
How Much Does It Cost to Remortgage?
What remortgage costs do you need to factor in? Learn all about the different remortgage costs in the UK here. We go through ERCs, arrangement fees and more.
Do I Need a Solicitor to Remortgage?
Looking to remortgage your home? We explain when and why you may need a solicitor to remortgage your property and support you through the remortgaging process.
9 Reasons to Remortgage Your Home
Unsure whether remortgaging now is right for you? Here you'll find 9 reasons why you should remortgage your home. The first? You can a lot of money with a remortgage.
How to Remortgage a House
Getting a remortgage on your house is pretty straightforward. Here is go through the basics: what a remortgage is, how it can save money, raise money and more.
How to Remortgage Help to Buy
Want to pay off your mortgage early on a help to buy property? Here we go through all of your options when remortgaging a help to buy property to ensure you get the best deal.
Remortgaging a Shared Ownership Home
On this page you'll learn about shared ownership schemes, getting a shared ownership remortgage on your home, comparing the right deals for shared ownership and more.
How to Remortgage a Buy to Let
Learn how to remortgage a buy to let property. We answer all your questions about buy to let remortgages: from releasing equity to switching to residential.
Want to Remortgage Early?
Remortgage Within 6 Months of Purchase
"I recently bought a property and need to remortgage. How soon can you remortgage after buying a house? Can you remortgage early?"
Day 1 Remortgage Explained
Considering a day 1 remortgage? Learn what they are, how they work, when you might need one, when you can apply, what interest rates are like and more.
Early Repayment Charges
If ERCs are part of your mortgage conditions, you may find that remortgaging onto a lower rate before your introductory deal period is over just isn’t financially worthwhile.
Mortgage Overpayment Calculator
Want to remortgage early so you could pay off your loan quicker? Making overpayments before locking in to a new deal could save you money.
Step 2: Determine if You Want to Remortgage to Raise Capital
One of the main benefits of a remortgage is that it gives you the opportunity to release equity and raise money that you can use for pretty much whatever you want - for example, a home extension, to consolidate debt, for a deposit on a new property and more.
You raise capital by remortgaging for an amount greater than what's outstanding on your existing mortgage. Whether you're able to do this will depend on your affordability. Learn more in our guide here or see if any of the guides below applies to your situation.
Remortgage to Release Equity
Want to remortgage to release equity from your home and raise funds? Here we explain what equity is, how to remortgage to release equity, what you can use the cash for and more.
Remortgage for Debt Consolidation
Want to remortgage to consolidate debt? On this page we go through debt consolidation remortgages, how they work, when you can do it, the pros and cons, which lenders are available and more.
Remortgage to Buy Another Property
Can you remortgage to buy another house? Yes! Find out how it works here. We go through what to expect, common reasons to remortgage and release equity, what to consider and more.
Let to Buy
"I have a mortgage on my home but I’d like to purchase and move into a new property, renting out my current one. Can I release equity to fund my new purchase while also changing the mortgage to a buy to let?"
House Extension Calculator
Thinking of adding an extension to your property? Here you can try our free home extension value calculator which will show you how much value an extension could add to your house.
Remortgage an Unencumbered Property to Buy a New One
"Can we remortgage our existing property so that we can be cash buyers and in a position to move very quickly when we find a new home?"
Can I Use Existing Equity as a Deposit?
If you're looking to buy a second home or purchase a property to rent it out, learn about releasing equity in your main residence by remortgaging the property.
Second Home Mortgage Deposit
Find out what a second home mortgage deposit is, when you need one, how much deposit you need, what options and LTVs there are for second home mortgages and more in our guide.
Remortgaging to Save Rather Than Raise?
Use Our Remortgage Calculator to Work Out Savings
If you don't want to raise capital but you do want to avoid going on to your lender's more expensive SVR (standard variable rate), then use our remortgage calculator to work out what you could potentially by remortgaging with a new lender on to a new deal.
Step 3: Work Out How Much You Can Borrow
Now you've got a better idea of how remortgaging works and your options, you can start to get into the facts and figures, including your maximum potential borrowing on a remortgage.
Get an idea of what you can borrow based on your income with our calculator here.
Or, see below for information on remortgage affordability and calculators that can help you work out what your remortgage could cost.
How Much Can I Borrow on a Remortgage?
Here, we walk you through how much you could borrow on a remortgage. Learn how remortgage lenders determine what you can borrow from them, how LTVs work when you remortgage and more.
Loan to Value Calculator
On this page you’ll find our LTV (loan-to-value) calculator that you can use to work out the LTV on your remortgage. You’ll also discover information on what LTV means exactly and how it impacts your mortgage repayments.
Repayment Calculator
Our mortgage repayment calculator can work out how much your monthly repayments will be on a remortgage, based on the interest rate, borrowing amount and mortgage term. You'll also find answers to FAQs.
Interest Only Calculator
Here is our free and easy to use interest only mortgage calculator. This calculator will work out how much your monthly interest payments will be based on how much you want to borrow and the interest rate of a new mortgage.
Can't Borrow Enough on a Remortgage?
If you want to reduce your mortgage payments or raise some cash but remortgaging isn't suitable for your situation, then consider some alternative ways to secure a better rate or unlock equity in your home.
Second Charge Mortgage Calculator
A second charge can be a great alternative to a remortgage. Use our second charge mortgage calculator to work out how much you could borrow on a second charge mortgage.
Mortgage Product Transfer vs Remortgage
Stuck between a mortgage product transfer or remortgage? Here we lay out the pros and cons of each and ask the questions that will help you figure out your best option.
Funding Home Improvements
Looking to renovate or improve your home but unsure on the best way to get the cash? Learn about the different options, including - personal loan, remortgage, further advance or second charge.
When Not to Remortgage
Not sure whether now’s the time to remortgage? Here we go through the different circumstances in which remortgaging may not be the best option for your situation so you can avoid unnecessary costs.
Step 4: Compare Remortgage Rates and Deals
By the time you get to this step, you'll have a better idea of how remortgaging works, what you want to get from your remortgage and how much you could potentially borrow, which means you're now in the perfect position to compare remortgage rates!
Compare remortgage rates with our free best buys tool here.
Below you'll also find resources on the different types of remortgage deals for different situations.
Fixed Rate Remortgage
Want to remortgage on to a new fixed rate? Fixed rates offer predictability and stability. Compare fixed rate mortgage deals and learn about the different fixed terms here.
Buy to Let Remortgage
Whether you want to remortgage a buy to let to release equity or switch a residential property to a buy to let, you can compare the best buy to let remortgage rates here.
Interest Only Remortgage
Considering a remortgage on to interest only basis? Learn about the benefits of an interest only remortgage and what you need to consider before taking the plunge.
How to Find the Best Remortgage Rates
You can compare all the remortgage rates in the world, but it doesn't mean anything unless you know what you're looking for. Find out here.
Remortgages for Specialist Circumstances
Bad Credit Remortgage
Got bad credit and worried about remortgaging? Here we walk you through bad credit remortgages, including how your credit rating, mortgage arrears and CCJs impact your remortgage options.
Can You Remortgage with a CCJ?
Yes, you can remortgage with a CCJ (county court judgement) but it can be challenging and impact the options available to you. Here we go through what you need to know.
Remortgage When Retired
Many people don't realise you can remortgage when you're retired. In fact, it can be a simply way to release equity and free up some of the cash in your property. Learn about the options here.
Self Employed Remortgage
Wondering if you can get a remortgage when self employed or on part time hours? Yes - you absolutely can. Find out what information you need to give to your lender and how it works.