Remortgage

Whether your current mortgage deal is coming to an end or you’re looking to reduce monthly payments, release equity, or simply secure a better rate, remortgaging can be a smart financial move.

Speak with an adviser

Find the Right Deal for Your Next Step

Understanding Remortgaging

Remortgaging essentially means switching your existing mortgage to a new deal, either with your current lender or a different one. Many homeowners do this when their fixed-rate deal is ending, to avoid moving onto a higher standard variable rate (SVR).

However, remortgaging isn’t only about avoiding increased interest rates. It can help you reduce your monthly payments, shorten your mortgage term, or access new features like the ability to make overpayments more flexibly.

The Home Partnership works with lenders across the market, allowing us to compare a wide range of products and highlight deals that may lower your costs or improve your financial position.

When Is the Right Time to Remortgage?

Most homeowners start exploring remortgage options around six months before their existing rate expires. This gives you time to secure a new deal early and switch seamlessly when your current one finishes.

You may also consider remortgaging if your property has increased in value, as a lower loan-to-value (LTV) ratio could qualify you for more competitive interest rates.

For some, remortgaging may also support major life changes, such as wanting to reduce monthly payments for affordability reasons, or alternatively, shortening the mortgage term to pay off the loan sooner.

Remortgaging to Release Equity

If you’ve built up equity in your home, a remortgage can allow you to release some of that value as a lump sum. This is often used for home improvements, consolidating debts, or funding major life expenses.

Releasing equity should be approached carefully, as increasing your mortgage balance can affect your long-term costs. We provide honest, practical advice to help you determine whether this is the right solution, or whether alternative options might be more suitable.

We’ll walk you through affordability checks, lender criteria, and how borrowing more could impact your monthly payments, ensuring the decision is a secure and well-informed one.

How We Support You Through the Remortgage Process

We begin by reviewing your current mortgage deal, your financial circumstances, and your goals, whether that’s securing a lower rate, borrowing more, or increasing flexibility.

Next, we compare suitable deals across the full market, clearly explaining the differences in rates, fees, and features so that you feel confident in your choice.

Finally, we handle the application process, liaising with the lender and keeping you updated at each stage to ensure your remortgage progresses smoothly and efficiently.

Book an appointment with

One of our Mortgage team will be in touch shortly.

Please enter your name.
Please enter a valid email.
Please enter your phone number.
What area of advice are you after?

You must be 18 years or older to register for our property matching service through this website ("Service"). From time to time we will send you information about properties that we feel may be of interest to you and/or provide you with information about our valuation services.

If you would like to receive information from us, please indicate this by selecting the appropriate box(es) below:

Our Privacy Policy and Notice describes how we use your data, who we might share it with and what rights you have.

FAQs

It’s advisable to begin exploring options around six months before your current rate ends. This helps you secure a new rate early and avoid moving onto your lender’s standard variable rate (SVR), which is often higher.

Most lenders will carry out a valuation, though many offer free standard valuations as part of the remortgage process. If your home’s value has risen, it may improve the deals available to you.

Yes, subject to affordability checks and lender criteria. Many homeowners remortgage to fund renovations, consolidate debts, or cover major expenses. We can assess whether additional borrowing is suitable for you.

There may be costs such as arrangement fees, legal fees, or early repayment charges if you leave your current deal early. We’ll calculate these upfront so you can compare options accurately.

Not at all. You can complete a “product transfer” with your existing lender, or switch to a different one if a better deal is available. We will compare both options for you.

Yes, although it may affect the deals available. We assess your current situation and identify lenders most likely to accept your application, providing clear advice on your best route forward.

Think carefully before securing other debts against your home. As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments

HOME Mortgages is a trading name of The Home Partnership Limited which is authorised and regulated by the financial conduct authority. The Financial conduct authority does not regulate commercial buy to let mortgages. As a mortgage is secured against your property, it may be repossessed if you do not keep up repayments on your mortgage. Where you have a complaint or dispute with us and we are unable to resolve this to your satisfaction then we are obliged to offer you the Financial Ombudsman Service to help resolve this. Please click here for further details.

Company registered address Henry Brake House, South Woodham Ferrers, Essex CM3 5NG. FCA number 616505. Company number is 05355751.

Follow us on Social Media

Stay up-to-date with new properties in your area.

instagram logo @thehomepartners
facebook logo @HomePartnership
Reviews Value My Home