Follow our flow chart to see if you should remortgage

Published 17/10/2019

Remortgaging means switching your existing mortgage to a new deal, either with your existing lender or a different provider. You're not moving house and the new mortgage is still secured against the same property. There can be any number of reasons for making the switch. But we're here to make it easy for you. Just answer the questions below to find out if now is the right time for you to start your remortgage and find a great new deal!

Are you on a fixed rate mortgage? Yes/No

Is it coming to an end? Yes/No | Are you on a Standard Variable Rate? Yes/No

Time to remortgage! | Do you have an early repayment charge? | Are you near the end of your mortgage term? | Are you worried about rising rates?

Yes - It could still be worth paying the ERC and remortgaging | No - Maybe time to remortgage! | Yes - It might be better to stay on the SVR but it's always worth checking if you could do better even in the short term | No - Time to remortgage! | Yes - Have you thought about a fixed rate deal? | No - It's always a good idea to keep an eye on rates as you might be able to get a better deal

If you're ready to get started on your remortgage give us a call on 0808 292 3434 or fill in our online Mortgage Finder now. Remember this is only a guide and before taking any actions on your mortgage, you should get some expert advice tailored to your circumstances - just give us a call.

Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage. London & Country Mortgages Ltd, Beazer House, Lower Bristol Road, Bath, BA2 3BA is a company limited by shares. Our Companies House number is 1988608. We are also authorised and regulated by the Financial Conduct Authority. Our FCA number is 143002. The FCA does not regulate most Buy to Let mortgages.

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Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

We're here to offer our customers excellent fee free mortgage advice. Our expert advisers will help you secure the best mortgage deal whether you're a first time buyer, remortgaging your home, buying to let or moving up the property ladder. We'll help you throughout the mortgage process – no hidden costs or surprises, just straightforward, honest, mortgage advice.

Representative example A mortgage of £218,181 payable over 24 years, initially on a fixed rate until 31/07/26 at 4.71% and then on a variable rate of 6.99% for the remaining 22 years would require 27 payments of £1,266.09 followed by 261 payments of £1,541.62. The total amount payable would be £437,546 made up of the loan amount plus interest (£218,366) and fees (£999). The overall cost for comparison is 6.7% APRC representative.

London & Country Mortgages Ltd, Unit 26 (2.06), Newark Works, 2 Foundry Lane, Bath, BA2 3GZ is a company limited by shares. Our Companies House number is 1988608. We are also authorised and regulated by the Financial Conduct Authority. Our FCA number is 143002. The FCA does not regulate most Buy to Let mortgages.