Stay with your current lender.
A product transfer means taking a new mortgage deal with your existing lender. It may involve less administration, but the products available, checks and eligibility depend on the lender and any changes you need.
MORTGAGE RENEWAL ADVICE
Your fixed deal is ending. Let's plan what comes next.
Worried about what your next mortgage payment could be? We can review your budget and future plans, compare a product transfer with your current lender against remortgaging, and explain the costs and trade-offs before you decide.
Free initial 15-minute call. No obligation and no credit check at this stage. Third-party costs may apply if you proceed; your adviser will explain the costs relevant to your options.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Start with your current mortgage.
When your current deal ends, your mortgage may move to your lender's follow-on rate. Check the rate and what it would mean for your payments. We can compare a product transfer with your current lender against remortgaging, considering the overall cost and your circumstances. You may have to pay an early repayment charge to your existing lender if you remortgage.
Two routes. A comparison around your circumstances.
Move to a different lender.
A remortgage replaces your existing mortgage with a new lender's mortgage. It can offer different products or borrowing options, but affordability checks, legal work, fees and any early repayment charge need to be considered.
Compare the full picture. We look at monthly payments, product fees, any early repayment charges, the total cost over the period being compared and how each option fits your plans. Staying with your lender may be the most suitable option. A lower headline rate does not necessarily mean a lower overall cost.
What a review can help you understand
- What your next payment could look like, based on the options available to you.
- How your current lender's offer compares with suitable alternatives available through our lender panel.
- How fixed-rate periods and flexibility fit plans such as moving home or making overpayments.
- Whether a change to your term is appropriate. A longer term may reduce monthly payments but can increase the total interest you pay.
- Whether planned home improvements or other borrowing needs affect your options. Additional borrowing is subject to lender criteria and affordability.
When should you start?
Consider reviewing your options around six months before your current deal ends. Lenders' product-transfer windows and mortgage-offer periods vary, so starting a conversation early does not mean you need to switch immediately. Check any early repayment charges before changing your mortgage.
If your deal ends sooner, or has already ended, contact us to discuss your options. We cannot guarantee an offer or completion date.
What if rates change before completion?
Some lenders may let you reserve a deal ahead of your current deal ending or change to an available rate before completion. The rules, timing, eligibility and any costs vary. Ask your adviser what is possible for your application. Rates may rise or fall; a lower rate or a change to a reserved deal is not guaranteed.
Plan before your current deal ends
Understand your next payment before you decide
We compare suitable options through our lender panel with your current lender's product transfer. Monthly payments matter, and so do fees, flexibility and the overall cost. We explain the trade-offs around your circumstances.
Request a mortgage reviewGet ready for the first conversation
If you have them to hand, note your current lender, approximate mortgage balance, remaining term, monthly payment and deal end date. You can discuss income and household commitments privately with your adviser. Do not send bank statements, account numbers or sensitive documents in the website's free-text message.
Explore monthly payment illustrations
Figures are illustrations, not a mortgage quote, offer or affordability decision. A payment comparison alone does not include all fees or establish which option is suitable.
The remortgage routes we cover
Most remortgages fall into one of these patterns. Pick the closest match. Where your situation crosses two patterns, we run them side by side.
When should you remortgage?
Consider reviewing your options around six months before your deal ends. Lender windows, offer periods and any early repayment charges affect the timing.
See timingHow soon can you remortgage before your fixed rate ends?
Some lenders let you arrange a deal ahead of your current deal ending. The available window and terms vary; check what applies to your circumstances.
See lock-in windowProduct transfer versus remortgage
Compare staying with your current lender against moving to a different lender. We consider costs, eligibility and your plans; either route may be suitable.
See PT vs remortgageWhat are the costs of remortgaging?
Arrangement fees, valuation fees, legal fees, and what comes free on most remortgage products. The real all-in cost, not just the headline rate.
See remortgage costsRemortgaging to release equity
Take cash out of the property at remortgage. Common reasons: home improvements, clearing other debts, helping family. Lender appetite varies by purpose.
See equity releaseDebt consolidation remortgage
Roll unsecured debts onto your mortgage to lower the monthly cost. We model true lifetime cost, not just the new monthly payment.
See debt consolidationRemortgaging for home improvements
Funding an extension, loft conversion, or major refurbishment by raising capital on the property. Lender treatment of cash-out for improvements varies.
See improvementsBuying out a partner on your mortgage
Separation or divorce. We move the mortgage into your sole name and handle the lender stress test on your income alone.
Buying out a partner on your mortgageHelp to Buy remortgage
Your Help to Buy interest-free period is ending. Remortgage to repay the equity loan, or to a product that rolls the equity loan in.
See Help to BuyRemortgage for a second home
Your current home becomes the holiday or second home. Lenders treat this differently, and the additional-property surcharge applies on the new purchase.
See second homeRemortgage an unencumbered property
No mortgage on the property, but you want to release capital. Treated as a remortgage with day-one borrowing, and the lender pool narrows.
See unencumberedRemortgage as a limited company
A buy-to-let property held in a special purpose vehicle (SPV). Different lender pool, different rates, and a stress test that turns on rental yield, not personal income.
See limited companyRead our comparison of Product transfer versus remortgage.
Read our guide to Mortgage age limits and lending into retirement.
This matters twice over for NHS staff. If your original mortgage was arranged on base salary alone, your borrowing was set by a lender that ignored your bank shifts and agency work. A remortgage is the point at which that can be re-read properly, which is worth knowing if you are raising money for improvements or moving off interest-only.
Prefer to talk it through rather than read on? Request a mortgage review or ring us on 01708 629 983.
Remortgage questions we hear a lot
When should I start looking at remortgage options?
Consider reviewing your options around six months before your current deal ends. Product-transfer windows and mortgage-offer periods vary by lender. Some lenders may allow changes to an available rate before completion, but this depends on their rules, timing and any costs. A lower rate or a change to a reserved deal is not guaranteed. Check any early repayment charge before switching.
Should I take my current lender's product transfer offer?
A product transfer may be the most suitable option. We compare it with suitable remortgage options available through our lender panel, considering payments, fees, eligibility, flexibility and your plans. A lower headline rate does not necessarily mean a lower overall cost. Any checks and charges depend on the lender and the changes you need.
My AIP just expired before I could remortgage. What now?
Contact your adviser before relying on it. An Agreement in Principle has an expiry date and is not a mortgage offer. Your adviser can check whether a new assessment is needed. The lender may need updated information and may carry out another credit check. An updated decision, processing time or mortgage offer cannot be guaranteed.
Can I borrow more than my current mortgage when I remortgage?
It may be possible, subject to lender criteria, affordability and the reason for the borrowing. Borrowing more increases your debt and may increase the total interest paid. If you are considering consolidating other debts, compare the full cost and the risks of securing them against your home. Think carefully before securing other debts against your property.
My income has changed since the last application. Will it still go through?
Your current income, commitments and circumstances can affect the options available. Your adviser can review what has changed and the evidence a lender may need. A lender's decision depends on its criteria and assessment; acceptance is not guaranteed. Your current lender's product-transfer options may also be worth considering.
My fixed rate ended and I dropped onto the standard variable rate. How quickly can we move?
Contact us to review the options available. Timing depends on the route, lender, documents and any legal work; we cannot guarantee a completion date. If you are struggling to meet payments, contact your existing lender promptly rather than waiting for a new application. Free impartial guidance and debt advice is available from MoneyHelper and StepChange.
I want to remortgage a buy-to-let or limited-company SPV. Different process?
Buy-to-let and limited-company lending can have different criteria from residential lending. Your adviser can explain what information is needed and which options are available through our lender panel. Obtain independent tax and legal advice before changing a property's ownership or company structure. Some buy-to-let mortgages are not regulated by the Financial Conduct Authority.
Related guides
Three reads worth your time before you start the process.
When to start the remortgage process
How to review your options ahead of your deal ending, including lender windows and early repayment charges.
When to start remortgagingSwitching lenders versus product transfer
The trade-offs between staying with your current lender and switching to a new one, set out in plain numbers.
Read guideThe complete guide to remortgaging
End to end on remortgages: when to start, how to switch, what it costs, and the trade-offs at each step.
Read guideReviews
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Has life changed since your last mortgage review?
If you would like to, we can also arrange a separate review of your existing protection and how you would meet household costs if illness or injury affected your income. Protection is optional and independent of progressing your mortgage. Any recommendation depends on your needs and circumstances; policy terms, exclusions and eligibility apply.
Worried you might miss a payment?
Contact your lender promptly if you are struggling to afford repayments. They can discuss support based on your circumstances. Free, impartial guidance and debt advice is available from MoneyHelper and StepChange.
Talk through your next mortgage deal.
Tell us when your current deal ends and what matters to you. We will arrange an initial conversation to understand your circumstances and explain the next steps.
We aim to return your call as quickly as we can. Mon to Fri 9am to 5pm. Weekend appointments available on request.