See what a better deal could save you.
Use our free remortgage calculator with live rates from 100+ lenders. Find out what your new monthly payment could look like, with no sign-up required.
Could you be saving?
Illustrative example only
Illustrative only. Your actual savings depend on your circumstances.
Remortgage calculator
Enter your details below to see what a new mortgage deal could look like. Rates are live and updated regularly.
For illustration purposes only. Results do not constitute a mortgage offer or personal recommendation. Actual rates depend on your circumstances, credit history, and lender criteria.
What the numbers mean
Here's how to read your calculator results and what to look for.
Monthly payment
What you would pay each month on the new deal, based on the loan amount and term you entered.
Total cost
The full amount you would repay over the mortgage term, including interest. Lower is better.
Interest rate
The annual rate you would pay on the loan. Fixed rates stay the same for a set period. Variable rates can change.
What to do next
Like what you see? Get a free personalised quote. Your adviser will find the best deal for your exact situation.
Five reasons to check your options
If any of these sound familiar, it's worth running the numbers.
Your fixed deal has ended
When your fixed rate expires, your lender moves you to their standard variable rate. That's almost always more expensive. Switching could save you hundreds per month.
Rates have dropped
If rates have fallen since you took out your mortgage, you could lock in a lower rate. Even a small reduction makes a big difference over the full term.
You want to release equity
If your property has gone up in value, you can borrow additional funds when you remortgage. Home improvements, a deposit for a second property, or clearing other debts.
You want lower monthly payments
Switching to a better rate or extending your term can reduce what you pay each month. Your adviser will show you the trade-offs so you can decide what works best.
You want to consolidate debts
Rolling credit cards, loans, or other debts into your mortgage can simplify your finances into one payment. Think carefully, as this secures unsecured debts against your home.
From calculator to completion
Liked what the calculator showed you? Here's what happens next.
Try the calculator
Enter your details and see live rates for your situation. Free, no sign-up, no credit check.
FreeGet your free quote
Want to go further? Answer a few quick questions and Albot will search 100+ lenders to find your best options.
90 secondsAdviser handles it all
A qualified adviser from Loan.co.uk reviews everything with you and manages your full remortgage application to completion.
FCA regulatedCalculator and remortgage questions
Everything you need to know about using the calculator and remortgaging.
How accurate is this calculator?
The calculator uses live rates from real lenders, so the figures are a strong indication of what's available. Your actual rate will depend on your individual circumstances, including your credit history, income, and the loan-to-value ratio of your property. For an exact quote tailored to your situation, use our free quote tool.
Are these real, live rates?
Yes. The rates shown in the calculator are sourced from real lender products and updated regularly. They reflect what's currently available in the market. Your personal rate may differ based on your circumstances, but the calculator gives you a realistic starting point.
Do I have to remortgage after using the calculator?
No. The calculator is completely free and carries no obligation. You can use it as many times as you like to explore different scenarios. If you decide to take the next step, you can get a free personalised quote, but there is no pressure to do so.
Will using the calculator affect my credit score?
No. The calculator does not run any credit checks. It uses the information you enter to estimate payments based on current market rates. Even when you move to the personalised quote stage, Albot uses a soft search that does not appear on your credit file.
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 ideal. 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 financial sense after any exit fees.
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.
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 may require a specialist lender, where rates will typically be higher, but options often exist. Your adviser will search across specialist as well as mainstream lenders to find the best match.
Ready to get a personalised quote?
The calculator gives you the big picture. A free quote gives you the exact deal for your situation, with an expert adviser to handle everything.
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.
Calculator results are for illustration purposes only and do not constitute a mortgage offer or personal recommendation. Actual rates depend on your circumstances, credit history, and lender criteria.
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.