Remortgage Your Property

Remortgaging is when you switch your mortgage to a new deal with a different lender. This is usually done when your existing deal ends, helping to avoid any early repayment charges or defaulting to a higher standard variable rate.

Whether it’s for your home or a buy-to-let property, remortgaging can help you:

  • Save money by securing a lower interest rate

  • Switch mortgage type to better suit your financial goals

  • Adjust the term to reflect your current circumstances and monthly payments

  • Release equity to fund home improvements or other large expenses

You can also explore your options in advance, locking in a potential rate to protect against future rate increases—without committing if a better deal appears. Most lenders allow this up to six months before your current deal ends, giving you plenty of time to plan ahead.

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Quick answers

  • It’s worth thinking about remortgaging if:

    • Your current deal is coming to an end

    • Interest rates have dropped and you could save money

    • You want to release equity for home improvements or other expenses

    • You’d like to switch mortgage type or adjust the term to better suit your finances

    • You’re looking to consolidate debt

    Checking your mortgage regularly helps make sure it still works for you.

    • Product transfer: Switching to a new deal with your current lender if your goals haven’t changed. 

    • Remortgage: Switching your mortgage to a new lender to get a better rate, release equity, or change terms. This involves legal work (managed by the lender and usually “free legal”) and a full affordability check.

  • Debt consolidation is the process of combining multiple debts—such as credit cards or personal loans—into a single loan or mortgage. This can make repayments simpler, often at a lower interest rate, and help you manage your finances more easily.

  • A further advance is when your current lender lets you borrow a bit more on top of your existing mortgage. Many people use it for home improvements, paying off other debts, or funding bigger expenses.

  • Costs can include mortgage arrangement fees, product fees, and potentially early repayment charges (if you’re leaving a mortgage deal early). It’s important to consider any potential costs involved before making changes to your mortgage.

What our clients say

testimonials

“Highly recommend using the Money Partnership when trying to get the best deals for your mortgages and remortgages. The team delivered a 5 star service throughout the whole process insuring I got the best deal on my remortgage. Always on the end of the phone if had any questions or was unsure about anything with great advice that made me at ease with quite a stressful process!”

Calum

“I've been using Dave at The Money Partnership now for over 8 years and he has always delivered. my most recent experience was a very challenging task where there were many complications along the way. Once again, Dave was fantastic and managed to jump through all the necessary hoops in order to get what we needed. I would recommend his services every time.” – Richard

“Would just like to thank you for the outstanding service from start to finish. Dave and his team couldn’t do enough for us, patient and always on hand for any advice and help needed. Dave found us a brilliant mortgage deal which was such a straightforward process. Thank you so much for such a fabulous experience, would definitely recommend to friends and family.”

Hayley

“Thank you to Dave who offered a professional and efficient service from start to finish. Nothing was too much trouble for Dave. He went above and beyond to ensure our needs were not just met, but exceeded! Thank you Dave. Would 100% recommend The Money Partnership. Who needs Martin Lewis when you can have Dave Hill?!”

Jane

“Very happy with the service provided when needing to remortgage. A great deal found, updated at each stage, and they coped with me unexpectedly changing jobs part way through. Provided reassurance that all should be well. Mortgage now complete. Friendly, polite and professional service. Would recommend.”

Sara

“Dave at The Money Partnership has been absolutely fantastic. This is my 4th mortgage deal he has helped me with and each time he has been friendly, professional and asked exactly what I want from my mortgage and given me different options to see which suits my needs best. His help and knowledge means I’ve had fantastic rates whilst being able to take years off the term of my mortgage. Dave is very easy to talk to and keeps you informed through the process with excellent communication throughout. I would highly recommend, and will continue to use Dave and The Money Partnership for all future mortgage needs. Thank you!”

Amy

A MORTGAGE IS A LOAN SECURED AGAINST YOUR PROPERTY. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.