Stop paying your lender's standard rate.
Your current deal is probably costing you more than it should. Albot checks 100+ lenders to find a better rate, and your adviser handles the switch from start to finish.
Why are you remortgaging?
We handle all of these
What is a remortgage?
A remortgage is switching your existing mortgage to a new deal, either with your current lender or a different one. Most people remortgage when their fixed or tracker rate ends and they're moved onto their lender's standard variable rate (SVR).
SVRs are almost always higher than the deals available on the open market. Switching to a competitive new rate is one of the most straightforward ways to reduce your monthly outgoings.
You can also remortgage to release equity from your home, borrowing additional funds against the value you've built up, or to consolidate other debts into a single mortgage payment.
Residential and buy-to-let mortgages are both handled. If you're on a buy-to-let, the process is very similar but lenders assess affordability differently.
Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home.
Remortgages are regulated by the Financial Conduct Authority (FCA). Applications are handled by Loan.co.uk, which is authorised and regulated by the FCA. You're protected by strict rules on fair treatment, clear information, and responsible lending.
New deal vs staying put
Why switching is worth it
Remortgage
Staying on SVR
Switching when your deal ends can mean
Why are you remortgaging?
There's no single reason to remortgage. Here are the most common situations we help with every day.
Get a better rate
Your deal has ended and you're on the SVR. Or rates have moved since you last fixed. Either way, there's likely a better deal out there.
Release equity
Your home has gone up in value and you want to unlock that equity. Borrow additional funds alongside your switch for home improvements, debt payoff, or other purposes.
Consolidate debts
Roll credit cards, loans, and other borrowing into your mortgage. One lower monthly payment, though be aware you'll pay more interest over a longer term.
Buy-to-let switch
Your buy-to-let deal is ending. We compare across specialist landlord lenders to find you a rate that works for your rental income and portfolio.
Fund home improvements
Remortgage to release funds for an extension, conversion, or renovation. Do it at the same time as your rate switch and keep it simple.
Change your term
Want to pay off your mortgage faster, or reduce monthly payments by extending the term? A remortgage lets you restructure to fit where you are now.
Other reasons people remortgage:
Why remortgage now?
If your fixed or tracker deal has ended, or is ending soon, here's why acting now makes financial sense.
Stop paying the SVR
When your deal ends, your lender automatically moves you to their Standard Variable Rate, which is almost always their most expensive product. Switching can make a significant difference to your monthly payments.
Access better rates elsewhere
Your current lender is unlikely to offer you their most competitive deal. Checking across 100+ lenders means you see what the whole market has to offer, not just what one lender wants to give you.
Release equity you've built up
If your property has increased in value, or you've paid down your mortgage, you may be in a better LTV band. This can unlock lower rates and allow you to borrow additional funds if needed.
Fix your payments and plan ahead
A new fixed rate gives you certainty. You know exactly what you're paying each month for the length of the deal. That's useful if you're budgeting carefully or rates look likely to change.
Restructure your mortgage term
Want to clear your mortgage sooner? Or reduce payments by stretching the term? A remortgage gives you the chance to reset the structure of your borrowing to match your current circumstances.
Consolidate into one payment
If you're managing multiple debts, some lenders will allow you to consolidate these into your new mortgage. This can simplify your finances, though it may mean paying more overall. Your adviser will explain the full picture.
Three steps to your remortgage
From first check to completion, it's simpler than you think. Here's what happens.
Quick questions
Tell us about your property, your current mortgage, and what you're looking to do. Takes 90 seconds.
⏱ 90 secondsSee your options
Albot checks 100+ lenders and shows you what rates are available for your situation, with no credit impact at this stage.
⚡ Instant resultsAdviser handles it all
A qualified adviser from Loan.co.uk reviews everything with you and manages your full remortgage application to completion.
👤 FCA regulatedThe smarter way to remortgage
We combine instant comparison with expert advisers so you get the right deal without the legwork.
Instant comparison
Check 100+ lenders in seconds. See what's available for your LTV, income, and circumstances before speaking to anyone.
Expert adviser support
Qualified advisers at Loan.co.uk handle your remortgage from application through to completion. Authorised and regulated by the FCA.
Total transparency
All rates and costs shown clearly upfront. No hidden fees, no surprises when you reach completion.
No credit footprint
Checking your remortgage options uses a soft search. It won't appear on your credit file or be visible to other lenders.
Common questions about remortgaging
Everything you need to know before you switch.
When is the right time to remortgage?
The most common time is when your fixed or tracker deal is ending. Typically 2-3 months before your rate expires is a good point to start comparing. You can also remortgage mid-deal, though you may face early repayment charges from your current lender. Your adviser will check whether switching still makes sense after any exit fees.
How long does a remortgage take?
Typically 4-8 weeks from application to completion, though it can be faster, especially if you're staying with your existing lender (a product transfer). Switching to a new lender involves legal work and usually a property valuation, which takes a little longer. Starting 3 months before your current deal ends gives you plenty of time.
Will I pay early repayment charges?
If you're still within a fixed or tracker deal period, your current lender will usually charge an early repayment charge (ERC), typically 1-5% of the outstanding loan amount. If your deal has already ended and you're on the SVR, there are normally no exit fees. Your adviser will check whether switching is still financially worthwhile after any charges.
Can I remortgage to release equity?
Yes. If your property has increased in value or you've paid down your mortgage, you can borrow additional funds at the same time as switching your rate. The amount you can release depends on your property value, your outstanding mortgage, your income, and the lender's maximum loan-to-value. Your adviser will calculate exactly what's available to you.
Can I remortgage with a less-than-perfect credit history?
It depends on the type and severity of the credit issue. Minor blips, such as a late payment, are often accepted by mainstream lenders, especially if they're not recent. More significant issues like CCJs, defaults, or missed mortgage payments may require a specialist lender. Rates will typically be higher, but options often exist. Your adviser will search across specialist as well as mainstream lenders.
What are the costs of remortgaging?
Costs can include a product fee from the new lender (which can often be added to the loan), a valuation fee, and legal fees for the conveyancing work. Some lenders offer free legal work and free valuations as part of their deal. Your adviser will show you the total cost of switching, including all fees, so you can compare like for like.
See your remortgage options in 90 seconds
No commitment, no credit check, no upfront fees. Just a clear picture of what's available.
Get my free quoteRepresentative Example (Remortgage)
If you remortgage £150,000 over 20 years on a fixed rate of 4.99% for 2 years, then reverts to the lender's standard variable rate of 7.99% for the remaining 18 years, you would make 24 monthly payments of £989.10 and 216 monthly payments of £1,183.45. The total amount repayable would be £279,569. The overall cost for comparison is 7.8% APRC representative. This means 51% or more of customers receive this rate or better for this type of product. A broker fee may apply; your adviser will confirm all costs before you proceed.
Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home.
Albot is an introducer and technology platform, not a lender and not a broker. Applications may be passed to Loan.co.uk Ltd, which acts as a credit broker, not a lender. Rates are subject to status, affordability checks and lender criteria.