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Rate / Product
Services / Remortgaging & Equity Release
Make the mortgagework harder.
A remortgage can change the rate, term or amount borrowed. The useful question is not only what the monthly payment becomes, but what the change costs and enables over the full borrowing period.
Ratereviewed before the current deal ends
Equityconsidered around the purpose
Termmeasured against total cost
Start before the deadline
A new deal.
A wider decision.
A fixed rate ending may prompt the review, but the best route can also depend on property value, income, remaining term, early-repayment charges and why any extra borrowing is needed.
Who it’s for
- Homeowners approaching the end of a fixed or discounted deal.
- Landlords reviewing costs or capital across an investment property.
- Borrowers considering home improvements, debt consolidation or another use of equity.
Review the whole mortgage
Change rate.
Release funds.
Keep the
trade-offs visible.
Three reasons to revisit the borrowing—each with a different cost test.
Switch with
Compare the current lender, available alternatives, product fees, early-repayment charges and the remaining term.
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Capital / Property
Use equity
with a purpose.
Home improvements, another purchase or family plans assessed around affordability and the longer-term cost of borrowing more.Model an illustrative payment ↗
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Debt / Structure
Lower monthly cost
is not the whole cost.
Consolidating unsecured debt can reduce outgoings but may extend repayment and secure that debt against the home.The remortgage route
Four comparisons.
One recommendation.
The existing mortgage is the starting point, not a sunk detail.
Map what exists
Balance, rate, expiry, term and any early-repayment charge.
CURRENT / DEALDefine the change
Switch rate, alter term, raise funds or restructure borrowing.
CLIENT / GOALCompare the options
Review payments, fees, total borrowing cost and relevant risks.
OMF / REVIEWManage the handover
Package the chosen application and follow valuation and legal work through.
LENDER / SWITCHReview the full cost
A lower payment
can cost more.
Term, fees and extra borrowing can change the lifetime cost even when the new monthly figure looks easier.
Compare an illustrative payment↗Illustrative only. Consolidating debt may increase the total amount repayable and converts unsecured borrowing into debt secured against your home. Equity-release products can have significant long-term implications and require specialist regulated advice.At a glance
The essentials,
held together.
- Useful information
- Current balance, rate, end date, term and property value.
- Possible aims
- Switch rate, alter term, raise capital or consolidate debt.
- What matters
- Affordability, fees, early-repayment charges and total cost.
- Equity release
- Lifetime or later-life products need specialist advice and may affect inheritance and benefits.
Remortgage questions
Questions?
Answered.
01When should I review my current mortgage?
Begin well before the current deal ends so there is time to compare staying with the lender against switching, while accounting for any early-repayment charge.
02Can I borrow more when I remortgage?
Potentially, subject to affordability, property value, lender criteria and the purpose of the additional borrowing.
03Can remortgaging be used to consolidate debt?
It can be considered, but securing debt against the home and repaying it over a longer term may increase the total cost and the risk to your property.
The end date is a prompt, not the strategy.
Rate ending,
or plans changing?
A free review can put the current mortgage, new purpose and full cost into one clear comparison.
Free first reviewWhole-cost comparisonRisks explained clearly
