Correct at 30/06/2023
Whether you’re looking to switch to a better deal, coming to the end of your existing mortgage term, or want to borrow money against your property, a remortgage could be the solution for you. We’ve got all the remortgage advice you need - and because our expert mortgage advisers give advice on deals from across the market, you can be sure that you’ll secure the best remortgage deal for your circumstances.
Remortgaging is a great opportunity to shop around and look for a better deal. Our mortgage expert, David Hollingworth, provides all the tips you need to know on remortgaging. He covers everything from when to start thinking about remortgaging to how to find the best rates on the market. Watch the video to find out more.
We can help you switch to a new deal, either with your existing lender or a different one
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See how much you could save by switching deals
Find out what size mortgage you could get based on your income, with our mortgage affordability calculator.
Use our mortgage interest calculator to understand the impact of changing rates on your mortgage.
Remortgaging your home? See the latest best buy deals here.
Looking for a Buy to Let remortgage? Check the current best rates here
There's lots of good reasons to remortgage, discover them here
Find out how remortgaging works and what you need to do to move to a new deal
Timing is important, read our guide to find out when you should be getting started
There are many reasons to remortgage but when should you get started?
Find out what costs might be involved to change your deal
You can remortgage with the same lender or switch to a new one, find out more here
Find out why getting an accurate remortgage valuation on your home is an important part of the process
Learn about remortgaging to release equity and if might be right for you
Find out about remortgaging your home could give you the funds for home improvements
You may be wondering if you can remortgage to help pay off debt, learn more here
Our guide takes a look at the remortgage conveyancing process, including its main steps
Find out more about the various options for self-employed remortgages
Find out everything you need to know about Stamp Duty when remortgaging.
What you need to know about remortgaging if your house value has gone up
If you’re looking to buy a second property, find out the different options available
Here we’ll explain everything you need to know about this government scheme
Find out everything about remortgaging a property that you let out to a new deal
Learn how falling house prices could affect remortgaging and other considerations
If this is the first time you’re looking to remortgage, it can be a little confusing. How do you remortgage a house? When do you do it? And how does a remortgage work? We’re here to help you navigate the process with helpful tips and advice.
L&C could save you time and hassle whether you’re remortgaging your home or a property that’s let out. We’ll compare your existing lender’s deal to 1000s of other deals from over 90 lenders and make it easy for you to find your best remortgage deal in just a few simple steps.
All you need to get started is to give us some information about yourself and your mortgage needs, which you can submit online using our Mortgage Finder, or over the phone if you’d prefer. We’ll then search thousands of mortgages from trusted lenders on your behalf, to help you find the best deal you’re eligible for. And don’t forget, our mortgage advisers are on hand to provide you with all the fee free advice you need.
Once we’ve found the right deal for you and you’ve submitted your application, we’ll support you through the mortgage process from start to finish, from help with the paperwork to chasing things up. You’ll also be able to track your application online 24/7 or over the phone seven days a week.
We know you’ll probably have lots of questions about remortgaging. From “how to remortgage my house?” to “what information do I need?” we’ve answered some common questions below and in our handy guides. If you still have questions, or want support with the remortgaging process, just get in touch with our friendly team today to find out more.
A remortgage is when you move your mortgage on your existing property from one lender to another, or change to a new deal with your current lender. There are a variety of reasons you might do this, but it’s most common when homeowners are coming to the end of their current mortgage deal. It’s always worth shopping around for a good deal on your property remortgage, rather than just staying with your existing lender. Timing is important too, as once you reach the end of your deal, you’ll be switched to their Standard Variable Rate – and that means you could end up paying more interest. Some people also choose to remortgage in the middle of their mortgage deal in order to switch to a better rate. If you do this, you may be subject to Early Repayment Charges, but we can help you work out whether now is the right time to remortgage. Another reason some owners will want to remortgage their property is if they’re looking to borrow more money against it, for example to fund home improvements.
If you want to remortgage your house or flat, timing is everything. Switch too early and you may be subject to Early Repayment Charges on your current mortgage which will reduce any benefits of cheaper mortgage deals – but leave it too late and you could find yourself paying over the odds. Getting a new deal in place before your existing mortgage deal expires can avoid you paying an expensive Standard Variable Rate. It’s a good idea to start thinking about your next mortgage deal 6 months from your end date and some lenders will even let you ‘lock in’ to a new deal at this time.
The amount you can borrow on a remortgage will depend on both your income and how much equity you have in the property. Although many people just look to switch their mortgage over to a better deal it can also be a good time to raise additional money for things such as home improvements. You can get an idea of how much you could borrow on a remortgage and what it might cost by using our online Mortgage Finder.
Choosing the right mortgage for you can be really tricky.
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