Remortgaging guides

Make the next deal work harder than the last.

6 plain-English guides on when to remortgage, what it actually costs, and what you can sensibly do with built-up equity. Roughly a five minute read each.

Book a quick 15-minute call Call 01708 629 983

Most remortgages are decided in the last six weeks of the deal. That is the worst time to make a clean decision. These guides cover the questions that come up earlier in the cycle: when to start looking, whether to stay with your lender or switch, what the real costs are, and what you can sensibly do with equity that has built up in the property.

Remortgaging guides

Five guides covering the typical remortgage decision points.

The complete guide to remortgaging

When to start, how it works, what it costs, what to plan for. Start here if you are a few months from your fix expiring.

Read guide

When to start the remortgage process

Why six months out from expiry matters, and what happens if you leave it later. The reservation window explained.

Read guide

Switching lenders vs product transfer

When staying with your lender is the right move, and when it is not. The costs and trade-offs of each path.

Read guide

Using a remortgage to consolidate debt

When it helps, when it hurts, and what to be careful of. The maths most people skip.

Read guide

Help to Buy (Wales Only) equity loan: your options as the interest starts

The interest-free years end at year five, and the loan tracks your property's value, not what you borrowed. The four routes from here, and how the redemption process actually works.

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Bridging loan or remortgage: which fits the job?

Both put money in your hands against property you own. One is cheap and steady, the other fast and expensive. Choosing wrong in either direction costs real money.

Read guide

Common questions about remortgaging

When should I start looking?

Six months before your current deal ends. Most lenders let you reserve a new rate up to six months ahead, so you can lock in pricing now and switch to a better deal later if rates fall before completion. Leaving it to the last few weeks limits your options to whatever is on the shelf that day.

Should I stay with my lender or switch?

Depends on the numbers. A product transfer is faster, paperwork-light and avoids legal fees, but the rate often is not the best on the market. A switch usually wins on rate but costs valuation, legal and time. We model both for you and pick the higher-saving option after fees.

What does a remortgage actually cost?

Three big lines: a product fee from the new lender (often £999 or so, sometimes free), a valuation (often free on remortgages), and legal work (often included as a free legals package). Where it is not free, expect £300 to £600. The complete remortgage guide has typical numbers.

Can I release equity for any reason?

In theory yes, in practice it depends on the lender and the reason. Home improvements and gifted deposits are widely accepted. Debt consolidation is fine but pushes you toward a smaller pool of lenders. Releasing capital to invest is harder. Tell us the reason early so we shortlist lenders that will accept it.

My fix is ending and rates have gone up. What are my options?

Three: take the new fixed rate now, take a tracker and wait, or extend the term to keep monthly cost manageable. Each has trade-offs. The right answer depends on your view of rates, your monthly budget, and how long you intend to stay in the property.

Will remortgaging affect my credit score?

A full application is a hard credit search, so yes, but the impact is small and short-lived. We do as much as possible with soft searches at the start, and only commit to a full application once we know the lender is the right one for your case.

Other guide clusters

Buying guides

For a move alongside the remortgage. 25 guides covering deposits, the application process, surveys, conveyancing and stamp duty.

Browse buying guides

Buy-to-let guides

If you are remortgaging to release a deposit for an investment. 7 guides on the landlord side: tax, yield, HMO licensing.

Browse buy-to-let guides

Protection guides

A remortgage is a sensible moment to review the cover. 5 guides on life, critical illness and income protection.

Browse protection guides

Reviews

What our clients say

Real reviews from clients across Romford and Essex, verified on Google.

Rated 5.0 out of 5 from 92 Google reviews Read the reviews on Google

    
 
 
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   Paul Maysmith 
 
 
 
 Trustindex verifies that the original source of the review is Google. Always a great experience. Thanks to Mark Potter, Chantel Smith on the mortgage side and Oliver Alan on the insurance. Can't recommend the team highly enough.
  
 
      Posted on Google  
   
   Ramona Iuga 
 
 
 
 Trustindex verifies that the original source of the review is Google. 5 stars service,Mark and the team always offer a great service and support all the way,highly recommended.
  
 
      Posted on Google  
   
   Fancy Window Cleaners 
 
 
 
 Trustindex verifies that the original source of the review is Google. Excellent service from Mark and the team as always.
  
 
      Posted on Google  
   
   Kelly Sainty 
 
 
 
 Trustindex verifies that the original source of the review is Google. The second time we’ve used major money matters and cannot fault anything! Both Mark and Chantel as helpful as ever
  
 
      Posted on Google  
   
   Amy Phillips 
 
 
 
 Trustindex verifies that the original source of the review is Google. A huge thank you to Billy for all his support throughout my mortgage process. He was knowledgeable, approachable, and always happy to answer my questions, making everything easy to understand and much less stressful. His advice and guidance were invaluable, and I always felt confident I was in good hands. I really appreciate all his help and would highly recommend him to anyone looking for a fantastic mortgage advisor. Thank you, Billy!
  
 
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   Robert Larkey 
 
 
 
 Trustindex verifies that the original source of the review is Google. Top quality service no fuss straightforward advice and actioned quickly once right product decided on
  
 
      Posted on Google  
   
   Montell Chukwu 
 
 
 
 Trustindex verifies that the original source of the review is Google. I was recommended major money matters through a friend and they haven’t been short of fantastic, Oliver Potter who handle my mortgage offered a perfect service, can’t recommend them enough!
  
 
      Posted on Google  
   
   Billy Camden 
 
 
 
 Trustindex verifies that the original source of the review is Google. The whole team at Major Money Matters are an absolute dream to work with. Their expertise, speed and friendly approach made what we thought was going to be an arduous process quick and simple. Mark, Oli and Lee were always just a phone call away if we had any questions and provided clear and easy to understand advice/guidance. We would recommend their services to anybody.

Six months to your fix expiring?

Now is the right time to look. A quick 15-minute call gets you a clear shortlist and a reserved rate, with months to switch if the market moves.

Book a quick 15-minute call Call 01708 629 983

We aim to return your call as quickly as we can. Mon to Fri 9am to 5pm. Weekend appointments available on request.