- 02083111234
- Mon-Fri : 9:00 - 17:30
Approximately 1.8 million fixed-rate mortgages are due to expire in 2026 in the UK. Many were fixed in 2021 or 2022 at rates below 1.5%. The people coming off those deals are now moving into a market where the average 5-year fixed rate sits around 5.50% and 2-year fixes average 5.51%.
That represents a significant payment increase, and the scale of it depends entirely on the loan size. For a £250,000 mortgage with 20 years remaining, the difference between a 1.5% rate and a 5.5% rate is approximately £660 per month. Getting the remortgage right, choosing the right product type, the right term, and the right lender, is therefore not an administrative formality. It is a financial decision worth giving proper attention.
When your fixed rate ends, you automatically move onto your lender’s Standard Variable Rate. In 2026, most lender SVRs sit between 7.5% and 9%, which is significantly higher than any fixed-rate product on the market. Staying on SVR is rarely the right choice. Start reviewing your options four to six months before your fixed term ends.
Even if you are not approaching the end of a deal, it is worth periodically checking whether a remortgage to a new lender would save money after accounting for any ERCs. In a falling rate environment, this becomes more relevant.
If your property has increased in value since your original purchase, remortgaging to a higher loan amount allows you to access some of this equity as a lump sum. Common uses include home improvements, debt consolidation, helping children onto the property ladder, or business investment.
Perhaps you want to reduce your remaining mortgage term to be mortgage-free sooner, extend it to reduce monthly payments, or switch from a repayment mortgage to interest-only. A remortgage gives you the flexibility to restructure as your life changes.
Bridging finance is typically interest-only. Interest is either serviced monthly during the loan, retained from the advance and charged at redemption, or rolled into the loan balance. Rolled interest means you do not make monthly payments but the balance increases over time. Retained interest is deducted from the net advance at the start. Serviced interest suits borrowers with strong cash flow. Rolled interest suits development situations where cash is tied up in works.
Arrangement fees are typically 1 to 2% of the loan amount. Exit fees, charged at redemption, may apply and should be checked. Legal fees are payable on both sides, borrower and lender.
We review your current mortgage, the end date of your deal, any applicable ERCs, and your lender's retention products. We search the market for alternatives and model the cost comparison.
We present you with two options side by side: your existing lender's retention rate, available without a new full application, and the best alternatives from across the market. We explain the costs and benefits of each.
For a product transfer, the process is quick, often completed online in days with no valuation or full affordability assessment. For a remortgage to a new lender, we submit a full application and manage all lender communication.
New lenders value the property, typically by desktop or drive-by for lower LTV cases. A simple remortgage without equity release usually requires only brief legal work, and many lenders offer free legals as a remortgage incentive.
The new lender issues a mortgage offer. Your solicitor confirms the existing mortgage will be repaid. The switch happens seamlessly, with your first payment to the new lender starting on the first of the following month.
Run the numbers, then talk to us. Our financial calculators cover mortgage repayments, how much you could borrow, stamp duty, bridging finance and rental yield. Results are estimates only and should not be relied on as financial advice.
A product transfer with your existing lender is quick and simple, but it is not always the best deal available. We compare your lender’s retention offer against 50 plus lenders before you sign anything, so you know exactly what you would be giving up.
Remortgaging to a higher loan amount releases equity as cash. The decision turns on how much additional borrowing makes sense relative to your property value, your new rate, and the total cost over the mortgage term. We model this for you before you proceed.
A change in employment type, a drop in income, or adverse credit since your last application can affect which lenders are available. We assess your current profile honestly and find lenders whose criteria accommodate your current position.
Rolling unsecured debt into a secured mortgage reduces monthly payments but increases the total amount secured against your home. This can be the right decision in certain circumstances. We talk through the full picture before you commit.
Speak to an adviser to discuss your circumstances and explore how bridging finance could work for you.
Clear,honest answers to the questions we hear most from clients and introducers.
You can start the process up to six months before your current deal ends. Many lenders allow you to reserve a product up to six months in advance, which protects you if rates rise before completion. If rates fall in the meantime, some lenders allow you to switch to a better product before completion without losing your reservation. We advise starting at the five to six month mark.
Applying for a remortgage with a new lender involves a hard credit search, which appears on your credit file with a minor, temporary impact. Multiple applications in a short period have a more noticeable effect. Using a broker minimises this because we identify the right lender before applying, rather than submitting multiple applications.
A product transfer typically has no arrangement fee and no legal costs. A remortgage to a new lender may involve an arrangement fee of £500 to £1,500, though some products are fee-free, a valuation fee often waived by the new lender as a remortgage incentive, and legal fees often covered by the new lender as well. Any ERCs on your current deal are the most significant potential cost and must be weighed against the savings of the new rate.
Yes. Combining high-interest credit card or personal loan debt into a lower-rate mortgage can significantly reduce monthly outgoings. However, you are converting unsecured debt into secured debt, meaning if you cannot meet the mortgage payments, your home is at risk. You are also likely extending the repayment period considerably, which means the total interest paid may be higher even at a lower rate. We present both the monthly saving and the total cost comparison in every debt consolidation case.
A product transfer means staying with your existing lender and switching to a new product on their range. It is faster, simpler, and involves no new solicitor or valuation in most cases. A remortgage means applying to a new lender entirely, which takes longer but gives you access to 50 plus lenders a wider range of products. We compare both before making any recommendation.
We search the market and handle the process so you can focus on moving.
Whole of market search across a wide panel of lenders
Dedicated adviser throughout the process
We handle the paperwork and liaise with lenders on your behalf
