Compare the best remortgage rates in the UK
Is your fixed rate deal ending? Don't roll onto a higher standard variable rate. We compare remortgage rates from over 90 lenders to find you the right deal and could save you hundreds every month.
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Why remortgage?
There are many good reasons to remortgage. Here are the most common ones our clients use.
How remortgaging works: step by step
The whole process typically takes 4–8 weeks. Start 3–6 months before your deal ends to guarantee you don't pay a penny more than necessary.
Check when your current deal ends
Find your mortgage statement or call your lender to confirm your rate expiry date and any Early Repayment Charges (ERCs). Start this process 3–6 months before expiry. Many lenders let you secure a new deal up to 6 months ahead.
We review your situation and search the market
We look at your current balance, remaining term, LTV, and circumstances. We then search 90+ lenders for the most competitive deal, comparing the true cost including all fees, not just the headline rate. This takes one conversation.
We present your options and recommend a deal
We present the best 3–5 options in plain English: rate, monthly payment, total cost over the fixed term. We explain the pros and cons of each and make a clear recommendation. You decide with no pressure.
We submit your application
Once you choose your product, we handle the full application. For most remortgages, the new lender arranges a free valuation. Many lenders also offer a free legal service for straightforward remortgages, meaning your costs can be zero.
Mortgage offer and legal completion
Once the lender is satisfied, they issue a mortgage offer. Your solicitor (or the lender's free legal service) handles the legal transfer. On completion day, your new mortgage replaces the old one, often with a lower monthly payment immediately.
The cost of doing nothing
If your fixed rate expires and you don't remortgage, you automatically roll onto your lender's Standard Variable Rate (SVR). This is almost always significantly higher than available fixed rates.
Example: £300,000 mortgage, 20 years remaining
Your expiring rate
£1,518
2.00% rate
Typical SVR (if you do nothing)
£2,414
7.50% rate
New 5-year fix (remortgage)
£1,847
4.21% rate
Rolling onto the SVR costs £896/month more than remortgaging. That's £10,752 wasted every year.
Remortgage vs product transfer: which is right for you?
Product transfer (staying with your lender)
Your existing lender offers you a new rate without a full re-application. Faster, less paperwork, no legal fees. But you're limited to that lender's deals, which may not be the most competitive on the market.
Best when:
- →Your current lender is very competitive
- →Your situation has changed (income drop, credit issues)
- →Speed is important, can complete in days
Full remortgage (switching lender)
You apply to a new lender offering a better rate. Involves a valuation and legal work, but these are often free. Takes 4–8 weeks but can save thousands over the fixed term.
Best when:
- →Another lender offers a materially better rate
- →You want to borrow more (equity release)
- →You want to change your mortgage term
Understanding remortgage rates
Remortgage rates vary based on your LTV, credit profile, property type, and chosen lender. As an independent broker we access rates from 90+ lenders, including exclusive products unavailable on comparison sites. The most popular products are 2-year and 5-year fixed rates, though trackers are worth considering if rates are expected to fall.
Always compare the total cost of a deal, not just the headline rate. A lower rate with a £2,000 arrangement fee may cost more overall than a slightly higher rate with no fee, especially on a smaller loan. We calculate this for every deal we present.
Remortgage FAQs
When should I start looking for remortgage rates?
Will remortgaging affect my credit score?
Can I remortgage to release equity?
Are there fees for remortgaging?
What if I'm in negative equity?
Review your protection when you remortgage
Remortgaging is the perfect time to review your life insurance and critical illness cover, as your needs may have changed and better rates may be available. We compare the whole market alongside your new mortgage deal.
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Ready to compare remortgage rates?
Our adviser searches the whole market to find the right deal for you. Free, no-obligation initial advice.
Think carefully about securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
Your home may be repossessed if you do not keep up repayments on your mortgage.