AT A GLANCE
What is remortgaging?
Remortgaging means replacing an existing mortgage with a new mortgage, usually with a different lender. It can be considered when a deal ends or circumstances change. Compare fees, early repayment charges, the total cost and alternatives with your current lender.
A mortgage that suited you a few years ago may deserve another look today. Remortgaging means moving your borrowing to a different lender while keeping the property. A review can also consider staying with your current lender, changing your term or features, and the practical costs of each option.
What this can help you explore
- Prepare before an existing mortgage deal ends.
- Compare a lender switch with a product transfer.
- Review borrowing against changes in income or property value.
Things to consider
Switching can involve early repayment charges and other costs; a lower rate does not guarantee savings.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Your questions, answered.
Several months before the current rate ends can allow time to compare options and handle the application. Timing depends on lender offers and existing terms.
It is a move to another mortgage product with your existing lender. The available choices and assessment requirements depend on the lender and any changes requested.
Who provides this service?
The provider, applicable permissions, advice scope and terms must be confirmed before you proceed. Regulatory treatment and protections vary by service and product.
Regulatory information