Looking to remortgage?

Want a better deal or need to free up some capital?

We can help.

If you’re looking to save money on your monthly mortgage payments, free up some equity or consolidate debt, remortgaging could be a smart move. With the right remortgage deal, you could lower your interest rate, switch to a more competitive lender, or unlock equity in your property.

At Mortgage Decisions, we understand that remortgaging can seem overwhelming, which is why we’re here to help. Our expert advisors can guide you through the process and find the best remortgage deals for your needs and circumstances.

There are several different ways to remortgage, and we have access to thousands of mortgage products from over 90 lenders.

These include:

  • Fixed rate mortgages

You pay the same monthly payment for as long as your fixed-rate period lasts – when it ends you can apply for a remortgage to secure another competitive mortgage deal.

  • Tracker rate mortgages

A tracker rate mortgage will be linked to the Bank of England’s base rate. When the Bank of England base rate is low, your repayments will reflect this, and if the rate rises so will your monthly repayments.

  • Variable rate mortgages

A variable rate mortgage, your monthly repayments will be linked to the lenders standard variable rate so, when their variable rate is low, your repayments will be low too, but will rise when their variable rate goes up.

If you’d like to know more about the remortgaging process or the different types of mortgages available, read our FAQs below.

Or feel free to get in touch! Call us now on 03454 500200, alternatively click here and complete this short form about yourself. We’ll be in touch very shortly. With mortgage brokers nationwide, you are never too far from mortgage advice.

What is remortgage and how does it work?

A remortgage is the process of replacing your current mortgage with a new one from a different lender or a different deal with your current lender. This is often done to take advantage of better interest rates, to borrow more money, or to switch from a variable rate to a fixed rate mortgage. When you remortgage, your new lender will pay off your existing mortgage and you will start making repayments to the new lender instead.

Why should I remortgage?

  • Remortgaging can help you save money on a monthly basis, consolidate debt, or release equity for your to use as you want.
  • You can potentially reduce your monthly payments or shorten your mortgage term by finding the best remortgage deals available
  • With a competitive remortgage deal, you can benefit from lower interest rates and better terms, giving you more control over your finance

When should I remortgage?

Remortgaging may be beneficial in various scenarios such as when your current mortgage deal is coming to an end, when you want to switch to a better interest rate, or when you want to release equity from your home. However, you should weigh the pros and cons, and the decision to remortgage should ultimately depend on your individual circumstances and financial goals.

How do I remortgage?

Remortgaging is typically a straightforward process, and many people find it easier than applying for a mortgage for the first time.

  1. Research the right remortgage deals and rates available to you
  2. Contact the lender to begin the application process
  3. Provide information about your current mortgage and financial situation, as well as your reasons for remortgaging, and supporting documentation
  4. Wait for your application to be approved
  5. Arrange for the new mortgage to pay off the old one
  6. Your solicitor or conveyancer will handle the legal work and transfer of funds

Frequently asked questions

Why do people remortgage?

When shouldn’t I remortgage?

How much does remortgaging cost?

How does the loan to value (LTV) rate of my property affect remortgaging?

How much could I borrow?

Will I be able to ask to borrow more if I need to?

What happens at the end of my mortgage deal?

What happens if I want to move home in the middle of my mortgage deal?

Do you need an Agreement in Principle to remortgage?

Can I remortgage with bad credit?

How long does a remortgage take?

Can you remortgage early?

Can I remortgage with a different lender?

Can I remortgage if I’m self-employed?

Do I need a solicitor to remortgage?

Do I have to get my house valued when I remortgage?

How can I remortgage to release equity?

What information will I need to remortgage?

Is there an age limit for remortgaging?

Do I need to take out life insurance to get a mortgage?

What insurance do you need for a mortgage?

Because we play by the book we want to tell you that…

You may have to pay an early repayment charge to your existing lender if you remortgage.

Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.

Speak to our experts

With access to 1000s mortgages from over 90 high street lenders, we can help you find the right mortgage. Our five-star Google reviews back this up. Call us now and speak to a member of our experienced team.

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Fantastic service from Mark on securing me a mortgage offer under my difficult circumstances, thanks for all the work and effort. A real asset to the business.

  • 5 star review on TrustPilotLR O

Both Mark and Beccy have been amazing throughout a very erratic and stressful time. They have been professional and attentive, making sure to stay in touch regularly to ensure everything went smoothly. I've been so impressed with their level of detail and service. I would not hesitate to recommend them.

  • 5 star review on TrustPilotMarie B

Louis and Toby have been extremely helpful, They offered us advice and guidance throughout the whole process and they couldn't have done a better job. The service we received was exemplary.

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Toby was absolutely a knight in shining armour. Every step of the way he explained everything, he understood my situation and it felt like he was holding my hand through some turbulent times. I can't thank him enough.

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Would give them more stars if possible! John and Russell being on-hand, promptly respond and chase updates, they are unbelievably exceptional.

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