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Whether your deal is ending, you want to raise money, or you’re just looking for a better rate—compare 100+ lenders instantly and get expert advice.
Why are you remortgaging?
We help with all scenarios
Why do people remortgage?
There are many reasons to remortgage. Here are the most common scenarios we help with.
Fixed rate ending
Your deal is ending and you’ll move to the lender’s standard variable rate. A new deal could save you hundreds per month.
Raise capital
Release equity from your home for improvements, debt consolidation, a property deposit, school fees, or other major expenses.
Better rate available
Rates have dropped since you fixed, or you’ve built more equity. Even a small rate reduction can mean big savings.
Stay with your lender
Get a new rate with your current lender without the full application process. Often quicker and simpler—no valuation or legal work needed.
Buy-to-let refinance
Remortgage your investment property to release equity, get a better rate, or restructure your portfolio financing.
Change circumstances
Remove a partner from the mortgage after separation, add someone new, or switch from interest-only to repayment.
Consolidate debts
Roll credit cards, loans, and other debts into your mortgage for one lower monthly payment—often at a much lower rate.
Business purposes
Release equity to invest in your business, fund expansion, or manage cash flow. Some lenders specialise in this.
Change your term
Extend your mortgage to reduce monthly payments, or shorten it to pay off sooner and save on total interest.
Is now the right time to remortgage?
A quick guide to help you decide whether to act now or wait.
Good time to remortgage if…
Your fixed rate ends in the next 3-6 months — start looking now to lock in a deal
You’re on your lender’s standard variable rate — you’re almost certainly paying too much
Your home has increased in value — you may qualify for better rates at a lower LTV
You need to raise capital for home improvements, debt consolidation, or other purposes
Your circumstances have improved — better income or credit score means better rates
You might want to wait if…
You have high early repayment charges — the savings may not outweigh the cost to exit
Your credit has recently dipped — you may not get the best rates right now
You’re about to change jobs — lenders prefer stable employment history
You’re on an excellent rate that’s hard to match in today’s market
Your deal ends soon but you’re selling — a short-term tracker may be better
Not sure? Check anyway — it’s free
Even if you’re not sure whether now is the right time, it costs nothing to see what deals are available. Our soft search won’t affect your credit score, and there’s no obligation to proceed.
How much can you borrow?
Your maximum mortgage is based on your household income, multiplied by a factor that depends on the lender and your circumstances.
Income multiples explained
Lenders typically offer between 4 and 5.5 times your annual household income. Some go higher in certain circumstances.
Standard lending
Most lenders’ baseline. Available to most applicants with good affordability.
Most common
Typical for applicants with solid income and clean credit history.
Higher earners
Available for professionals, high earners, or those with large deposits.
What you’ll need to qualify
Proof of income
Payslips, P60s, or tax returns if self-employed. Lenders need to verify your earnings.
Credit history check
Lenders review your credit file. Issues don’t always mean rejection—some specialise in adverse credit.
Bank statements
Usually the last 3 months. Shows your spending patterns and affordability.
Property valuation
The lender values your property to confirm LTV. This determines available rates.
ID verification
Passport or driving licence plus proof of address for anti-money laundering checks.
Stay with your lender or switch?
You have two main options when your deal ends. Here’s how they compare.
Stay with your lender
Get a new rate, same lender
Quick and simple — often just a phone call or online
No valuation needed — saves time and hassle
No legal work — the charge stays in place
Limited to their rates — may not be the best deal
Can’t raise capital — same amount only
Best for
Those happy with their current amount who want a quick, hassle-free switch to a new rate.
Switch to a new lender
Full remortgage
Whole market choice — find the best rate available
Can raise capital — borrow more for any purpose
Potentially much better rates — especially if your LTV has improved
Takes longer — typically 4-8 weeks
More paperwork — full application, valuation, legal work
Best for
Those who want to raise capital, or are confident they can find a better deal elsewhere.
We’ll help you decide
Not sure which option is best? We compare both—your current lender’s offers and the whole market—so you can see exactly which saves you the most.
How remortgaging works
From first enquiry to completion, here’s what to expect.
Compare deals instantly
Tell us about your property and what you’re looking for. We search 100+ lenders and show you the best options—without affecting your credit score.
Get expert advice
A qualified mortgage adviser reviews your options, explains the details, and recommends the best deal for your situation. No pressure, no jargon.
Submit your application
If you’re happy to proceed, we submit your application to the lender. You’ll provide documents to verify your income, ID, and address.
Valuation & underwriting
The lender values your property and reviews your application. Most valuations are done remotely using data, so no surveyor visit needed.
Legal work & completion
Conveyancers handle the legal transfer from your old lender to the new one. Once complete, your new mortgage begins.
Common remortgage questions
When should I start looking to remortgage?
If your deal is ending, start 3-6 months beforehand—most mortgage offers are valid for that long, so you can lock in a rate early. If you’re looking to raise capital, switch lenders for a better rate, or make other changes, you can start whenever suits you. The process typically takes 4-8 weeks, so factor that into your planning.
Will I have to pay to remortgage?
There are typically some costs: arrangement fees (often added to the loan), valuation fees (sometimes free), and legal fees (many lenders offer free legal work for remortgages). If you’re leaving a deal early, you may also face early repayment charges. We’ll show you all costs upfront so you can calculate whether it’s worth it.
Can I remortgage to borrow more money?
Yes, this is called “capital raising”. You can borrow additional funds for home improvements, debt consolidation, a deposit on another property, or almost any other purpose. How much depends on your income, affordability, and the equity in your home.
Can I remortgage with bad credit?
Yes, though your options may be more limited. Specialist lenders cater for people with CCJs, defaults, missed payments, or other credit issues. Rates will typically be higher, but it’s often still better than staying on your lender’s standard variable rate. We’ll search the whole market to find what’s available.
How long does remortgaging take?
Typically 4-8 weeks from application to completion. Staying with your current lender is faster (often just days) since there’s no valuation or legal work needed. A full remortgage to a new lender takes longer due to valuation, underwriting, and conveyancing.
Can I remortgage a buy-to-let property?
Yes, we handle buy-to-let remortgages. The process is similar but lenders assess affordability differently—they focus more on the rental income covering the mortgage payments. Rates and criteria vary by lender, so it’s worth comparing the whole market.
Ready to find a better deal?
Compare remortgage rates from 100+ lenders in about 2 minutes. No obligation, no credit footprint.
Compare remortgage dealsRepresentative Example (Mortgages)
If you borrow £200,000 over 25 years, initially on a fixed rate for 5 years at 5.25% and for the remaining 20 years on the lender’s standard variable rate of 7.99%, you would make 60 monthly payments of £1,199.12 and 240 monthly payments of £1,393.46. The total amount of credit is £200,000. The total amount payable would be £418,263. The overall cost for comparison is 6.8% APR representative.
Albot is an introducer and technology platform, not a lender and not a mortgage broker. Applications submitted via Albot may be passed to Loan.co.uk Ltd, which provides mortgage advice, carries out suitability assessments, and arranges mortgages with lenders. Loan.co.uk Ltd acts as a mortgage broker, not a lender. Your home may be repossessed if you do not keep up repayments on your mortgage.