Remortgage
Fee-free remortgage advice from Birmingham, for homeowners across the UK. We compare a panel of 110+ lenders to move you off an ending deal or borrow more, and tell you honestly if staying put is better.
What is remortgaging?
A new mortgage on the home you already own.
Remortgaging means replacing your mortgage with a new one from a different lender, on the same property. The new lender pays off the old one and you start paying the new deal.
Most people do it when a deal is ending, or to borrow more. Staying with your current lender on a new rate is a rate switch (product transfer), and we arrange those too.
Remortgaging may be worth a look if
- Your fixed or tracker deal ends in the next six months
- You are already paying your lender’s standard variable rate
- You want to borrow more against your home
- Your home has gone up in value or your balance has come down
- You want to overpay, offset savings or move from interest-only to repayment
- Your circumstances have changed since you last took a mortgage
Why people remortgage
The reasons we see most often, and what to think about with each.
Rate
A better rate when your deal ends
When a deal ends, most mortgages move to the lender’s standard variable rate (SVR), usually well above new fixed rates.
Borrow more
Home improvements
An extension or a new kitchen. Lenders check affordability on the larger loan, and some ask for details of the work.
Borrow more
Buy out a partner
A transfer of equity takes a co-owner off the mortgage and deeds, often after a separation. You need to afford the loan alone.
Borrow more
Help a child with a deposit
Some parents borrow against their home to gift a deposit. It must be affordable for you, and your child’s lender will want a gift letter.
Debt
Consolidate other debts
It can lower monthly outgoings, but spreading short-term debts over a longer term can cost more overall, and the debt becomes secured on your home.
Mortgage type
Interest-only to repayment
Moving all or part to repayment raises the payment but clears the balance. It is easier with years left on the term.
Equity
Release equity
If your home has risen in value, you can borrow against that equity on an ordinary mortgage. This is not the same as a lifetime mortgage.
Flexibility
Overpay, offset or change the term
If your deal limits overpayments, or you want to link savings to your mortgage, a new deal can fit how you repay.
Landlords
Buy-to-let remortgage
Remortgaging a rental property is usually assessed largely on the rent it earns. Most buy-to-let mortgages are not regulated by the FCA.
5.73%
Average two-year fixed rate (Moneyfacts, 15 September 2026)
5.78%
Average five-year fixed rate (Moneyfacts, 15 September 2026)
7.13%
Average standard variable rate (Moneyfacts, start of August 2026)
3.75%
Bank of England Bank Rate, September 2026
What the end of your deal can cost
Doing nothing when a deal ends usually means moving to the standard variable rate. Using the averages above, on a £200,000 repayment mortgage over 25 years:
| Rate | Illustrative monthly payment |
|---|---|
| Average SVR, 7.13% | about £1,430 |
| Average two-year fix, 5.73% | about £1,256 (around £174 a month less) |
Illustrative only. Market averages, not offers. Your rate depends on your circumstances, loan-to-value and lender criteria, and product fees are not included.
For what is moving rates, see current UK mortgage rates explained. If you are weighing up two years against five, read how long should I fix for?
Remortgage with a new lender vs staying with your current lender
Both can get you off the SVR. The main differences:
| Remortgage (new lender) | Product transfer (same lender) | |
|---|---|---|
| Choice | Deals across the market | Your current lender’s range |
| Checks | Full affordability and credit check, plus a valuation | Often no new assessment if you are not borrowing more |
| Borrowing more | Yes, subject to affordability and value | Sometimes, as a separate further advance |
| Time | Typically several weeks | Often days |
Neither is always cheaper, so we compare both. The rate switch page covers staying with your lender in more detail.
When to remortgage
- Start around six months before your deal ends. Many lenders let you secure a remortgage offer up to about six months ahead, so you can lock in a rate and complete as the old deal finishes.
- Check for early repayment charges. Most fixed and tracker deals carry an ERC until they end, often a percentage of the balance. Leaving early occasionally still makes sense, but only once the charge is counted.
- Check your loan-to-value. Lenders price in bands, such as 60%, 75% or 85%. If your balance has come down or house prices have risen, you may now sit in a lower band with lower rates. A £180,000 loan on a £240,000 home is 75%; if the home is now worth £265,000, it is under 68%.
Our remortgaging timeline guide sets out what to do and when.
Remortgage and borrow more
Borrowing more is a new lending decision: the lender looks at your income, credit file, the new loan-to-value and what the money is for. Home improvements and buying out a partner are widely accepted; debt consolidation is accepted by many lenders but not all. Borrowing more increases the total you repay.
What does remortgaging cost?
- Our advice: no broker fee. The lender pays us on completion.
- Arrangement or product fee: charged on some deals and not others, ranging from nothing to £1,000 or more. It can usually be added to the loan, though you then pay interest on it.
- Valuation: often free on remortgage deals.
- Legal work: many remortgage deals include “free legals”, where the lender pays a conveyancer to handle the switch. Others offer cashback instead.
- Early repayment charge: only if you leave your current deal before it ends.
- Exit fee: some lenders charge a small administration fee when a mortgage is repaid.
The cheapest remortgage is not always the lowest rate
A deal with a low headline rate and a large fee can cost more over two or five years than a slightly higher rate with no fee, especially on smaller loans. We compare the total cost over the deal period: payments, fees, and any incentives such as free legals or cashback. Our guide to fee-free brokers and fee vs no-fee deals shows how the maths changes with loan size.
How long does a remortgage take?
Typically four to eight weeks from application to completion, sometimes quicker, and longer if the underwriter has questions. There is no chain. The mortgage timeline explains each stage.
The quickest way to remortgage is to start early with your documents ready: ID, payslips or accounts, bank statements and your latest mortgage statement. Quick Mortgages is our name, not a promise about timescales.
Will the lender value my home?
Yes. For many remortgages this is an automated valuation (AVM) with no visit; otherwise a valuer visits. A lower figure than expected can change your loan-to-value band.
Can I remortgage?
Most homeowners with a mortgage can, but some situations narrow the list of lenders:
- Missed payments, defaults or CCJs since your last mortgage
- Becoming self-employed or changing how you are paid
- Approaching or in retirement, or a term running past retirement age
- Non-standard construction or an unusual property
None of these rules you out. They often mean looking at specialist lenders alongside the high street, and sometimes staying with your current lender is the better answer, because a product transfer often needs no new assessment.
How remortgaging with us works
Tell us about your mortgage
Your balance, rate, deal end date, any early repayment charge, and any extra borrowing. There is no fee.
We compare the options
We search our panel of 110+ lenders and set remortgage deals against your current lender’s switch offer, comparing total cost including fees.
Application and valuation
Once you have chosen, we submit the application, arrange the valuation and deal with the underwriter’s questions.
Offer and completion
The conveyancer pays off your old lender and the new deal starts, timed to your current deal ending where possible.
Remortgage questions
Can I remortgage with the same lender?
Staying with your current lender on a new deal is usually called a product transfer or rate switch. It is often quicker and may not need a new affordability check, but you only see one lender’s deals. Borrowing more from the same lender is a further advance, with its own checks. See our rate switch service.
How easy is it to remortgage?
For most people with steady income and a reasonable credit record, fairly straightforward: a similar application to your original mortgage, with no chain and often free valuation and legal work. It is harder if your income, credit or property have changed.
Can I borrow more money when remortgaging?
Often, yes, subject to affordability, your credit file and the property’s value. Be careful about using it to clear other debts: spreading short-term debt over a mortgage term can cost more in total interest, and it becomes secured on your home. Your home may be repossessed if you do not keep up repayments.
Does remortgaging affect my credit score?
A remortgage application involves a hard credit search, which is recorded on your file. One search is unlikely to make a lasting difference, but several applications in a short period can. We check lender criteria first so you apply once, to a lender likely to accept.
Do you charge a fee for remortgage advice?
No. Our advice is fee-free at every stage. The lender pays us when the mortgage completes, and we are not tied to any lender, so the recommendation is based on your circumstances.
Deal ending, or thinking of borrowing more?
Tell us where your mortgage stands and we will compare remortgaging with staying put, before anything is submitted. The advice is fee-free.