Home Me Mortgages
Remortgaging

Remortgaging
Save Money, Switch Smarter

Ready to save on your mortgage? Our remortgaging experts help you switch to better rates, release equity, or adjust your terms. Get free, expert remortgage advice and start saving today.

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Why Remortgage?

Unlock Better Value from Your Property

Remortgaging allows you to switch your existing mortgage to a new deal, often with better rates, terms, or features. Whether your current deal is ending, rates have dropped, or your circumstances have changed, remortgaging can save you significant money.

The remortgaging market is competitive, with lenders offering attractive rates to win new customers. This means you could often secure a better deal than staying with your current lender.

Beyond saving money, remortgaging can help you release equity for home improvements, debt consolidation, or major purchases. It's also an opportunity to change your mortgage term, switch from interest-only to repayment, or add features like payment holidays.

Explore Benefits
Understanding remortgaging options and benefits
Remortgaging Specialist

Remortgaging Advantages

Discover how switching your mortgage can save you money, unlock equity, and provide better terms tailored to your current needs.

Whole of Market
No Early Exit Fees
Free Valuations Available

Lower Interest Rates

Secure better rates than your current deal. Even a small reduction can save thousands over your mortgage term.

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Release Equity

Unlock cash from your property's increased value for home improvements, investments, or major purchases.

Get Expert Advice

Better Terms

Switch to more flexible terms, extend or reduce your mortgage period, or change from interest-only to repayment.

Explore Options
"

Home Me Mortgages helped us remortgage and saved us £280 per month. The process was seamless and we even released equity for our home extension.

Michael & Emma

Windsor

Saved £3,360 annually
Expert Guidance

Your Trusted Remortgaging Specialists

Navigate the remortgaging market with confidence through our proven expertise and personalised approach

Market-Leading Rates

Access to exclusive remortgage deals and relationships with over 90 lenders, ensuring you get the most competitive rates available.

Seamless Process

From initial consultation to completion, we handle every aspect of your remortgage, ensuring a smooth transition without any gaps.

Complete Analysis

Transparent fee breakdown and savings calculations to ensure your remortgage delivers genuine financial benefits over its lifetime.

Free Remortgage Review

Get a comprehensive analysis of your current mortgage and potential savings with absolutely no obligation

£2,400
Average Annual Savings
FREE
No Obligation Review

Your Remortgaging Journey

Our streamlined 3-step process makes remortgaging simple and stress-free. We handle everything from market comparison to completion.

01

Review Your Options

We'll analyze your current mortgage and financial situation to identify the best remortgage deals available to you, comparing rates and terms.

Same day
02

Apply & Process

We handle your remortgage application with your chosen lender, managing all documentation and keeping you informed throughout.

2-4 weeks
03

Complete & Save

Your new mortgage completes and you start benefiting from better rates, lower payments, or released equity as needed.

Immediate
Cost Breakdown

Understanding Remortgaging Costs

Transparent breakdown of what to expect when remortgaging, plus potential savings scenarios based on real client examples.

85%
Max LTV Available

Release equity while maintaining favorable rates

£2,400
Average Annual Savings

Based on recent client switches

6 weeks
Typical Timeline

From application to completion

Typical Remortgage Example

Current Property Value
Estimated market value after growth
£450,000
Outstanding Mortgage
Remaining balance to pay off
£280,000
Available Equity
Potential equity for release
£170,000
Arrangement Fee
Often free with competitive deals
£0-£2,000
Legal Fees
Many lenders include free legals
£0-£500
Valuation
Usually free with remortgage packages
£0-£300
Total Costs Often
£0 - £3,000
Many lenders offer free packages

Potential Savings

Rate Reduction

4.5% → 3.2%
£379/month
monthly saving
£350,000
£4,548/year saved

Equity Release

3.8% → 3.5%
£85/month
monthly saving
£50,000 released
£1,020/year saved

Calculate Your Potential Savings

Get a personalised analysis of how much you could save by remortgaging your property.

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Important Considerations

Early Repayment Charges: Check if your current mortgage has exit fees before your deal expires.

Timing: Start your remortgage process 3-4 months before your current deal ends to avoid moving to SVR.

Property Value: Recent property value increases can significantly improve your loan-to-value ratio and available rates.

Frequently Asked Questions

Everything you need to know about remortgaging

What is remortgaging and when should I consider it?
Remortgaging means switching your existing mortgage to a new deal, either with your current lender or a different one. You should consider remortgaging when your current deal is ending, if interest rates have dropped significantly, if you want to release equity from your property, or if your circumstances have changed and you need different terms.
How much money can I save by remortgaging?
The amount you can save depends on your current rate versus available rates, your remaining mortgage term, and the fees involved. Many homeowners save hundreds or even thousands of pounds per year. Our expert advisors can calculate your potential savings and ensure the switch makes financial sense after considering all costs.
What are the costs involved in remortgaging?
Remortgaging costs typically include arrangement fees (often £0-£2,000), valuation fees (sometimes free), legal fees (often free with many lenders), and early repayment charges if you're still in a fixed term. However, many lenders offer free remortgage packages, and the long-term savings often far outweigh the initial costs.
Can I remortgage to release equity from my home?
Yes, if your property has increased in value since you bought it, you may be able to remortgage for more than you currently owe and release some equity as cash. This can be used for home improvements, debt consolidation, or other major expenses. The amount you can release depends on your property value and affordability.
How long does the remortgaging process take?
A typical remortgage takes 4-8 weeks from application to completion, though this can vary depending on the lender, property type, and complexity of your case. We recommend starting the process 3-4 months before your current deal ends to ensure a smooth transition and avoid moving to your lender's standard variable rate.
Will I need a new property valuation for remortgaging?
Most lenders require a valuation to confirm your property's current value, which determines the loan-to-value ratio for your new mortgage. Many lenders offer free valuations as part of their remortgage packages. The valuation is usually arranged by the lender and conducted by a qualified surveyor.
What if my circumstances have changed since my original mortgage?
Changed circumstances like income fluctuations, new dependents, or credit changes can affect your remortgaging options. Our expert advisors will assess your current situation and find lenders who can accommodate your circumstances. We have access to specialist lenders for various scenarios including self-employed borrowers and those with credit issues.
Should I remortgage with my current lender or switch?
While staying with your current lender (called a 'product transfer') can be quicker and involve fewer checks, it may not offer the best rates available in the market. We always compare your existing lender's offers with the wider market to ensure you get the most competitive deal. Our whole-of-market approach often finds better options than staying put.
What happens when my fixed rate mortgage deal ends?
When your fixed rate deal ends, you'll typically move to your lender's standard variable rate (SVR), which is usually much higher than fixed rates. This is why it's crucial to arrange a new deal before your current one expires. We can help you secure a new rate up to 6 months before your current deal ends, ensuring no gap in favorable rates.
Free Initial Consultation

Ready to Get Started?

Take the first step towards your dream home. Our expert mortgage advisors are here to guide you through every step of the process.

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Competitive Rates
Fast Processing
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