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Remortgaging

Remortgage on a strategy, not a panic.

Your existing rate is ending. We start six months out, run a switch against your lender's product transfer, and pick the right moment.

Switching mortgage every two to five years is normal. Doing nothing is expensive. When your fixed rate ends and you fall onto the lender's standard variable rate, the monthly payment jumps and the SVR is not a plan. We start six months ahead of your end date, run your existing lender's product transfer side by side with the wider market, and book the application at the right moment. The right route depends on your numbers, not theirs. You may have to pay an early repayment charge to your existing lender if you remortgage.

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? Book a quick 15-minute call or ring us on 01708 629 983.

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?

Six months before your fixed rate ends is the sweet spot. Lock in a new deal you can downgrade if rates drop. Earlier and later both have trade-offs.

See timing

How soon can you remortgage before your fixed rate ends?

Most lenders let you secure a new deal six months ahead of your end date. What locking in early actually does, and when it is worth it.

See lock-in window

Product transfer versus remortgage

Your current lender's offer is convenient. The wider market often beats it. We run both side by side so you decide on the numbers, not loyalty.

See PT vs remortgage

What 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 costs

Remortgaging 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 release

Debt 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 consolidation

Remortgaging 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 improvements

Buying 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.

See partner buy-out

Help to Buy (Wales Only) 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 Buy

Remortgage 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 home

Remortgage 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 unencumbered

Remortgage 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 company
Couple working through their mortgage paperwork at the kitchen counter

Six months out is the sweet spot

Your fixed rate ending is a deadline, and an opportunity

We compare your own lender's product transfer against the open market and tell you, in pounds per month, which one actually wins. No loyalty tax, no guesswork.

Book a quick 15-minute call

Remortgage questions we hear a lot

When should I start looking at remortgage options?

Six months before your current fixed rate ends. Most lenders let you secure a new deal that far ahead, and most allow a downgrade if rates drop before completion. Earlier than six months and you forfeit that flexibility.

Should I take my current lender's product transfer offer?

Sometimes yes. Often no. A product transfer is faster and avoids most fees, but the wider market frequently beats it on rate or terms. We run both side by side so the decision is on your numbers and circumstances, not on what is convenient for the lender.

My AIP just expired before I could remortgage. What now?

Lender-issued AIPs typically expire at 30, 60, or 90 days. We refresh, re-stress, and re-submit. There is no fee for a refresh, and most lenders issue a new AIP within 24 to 48 hours.

Can I borrow more than my current mortgage when I remortgage?

Yes. That is a capital-raising remortgage. Lenders assess the new total on current affordability and will want to know what the extra money is for. Common purposes lenders accept: home improvements, debt consolidation, helping family with a deposit, buying out a partner.

My income has changed since the last application. Will it still go through?

Most likely yes. Lenders re-stress on current income at every remortgage. Self-employed, contractor, lower-earning, and bonus-heavy profiles are all placeable, but the lender pool changes. We re-route to the lender that fits the current shape of your income.

My fixed rate ended and I dropped onto the standard variable rate. How quickly can we move?

Quickly. The standard variable rate is normally materially higher than market rates, so every month on it costs real money. Most remortgages complete in around four to six weeks of full application. We can usually have you switched inside that window.

I want to remortgage a buy-to-let or limited-company SPV. Different process?

Yes. The lender pool is different and the stress test turns on rental yield rather than personal income. Section 24 has changed the maths for properties held in personal name, so a remortgage is often the moment to look at whether the holding structure still works. We cover this on the buy-to-let remortgage and limited-company remortgage routes.

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 profile picture
Paul Maysmith
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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.
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Ramona Iuga profile picture
Ramona Iuga
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5 stars service,Mark and the team always offer a great service and support all the way,highly recommended.
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Fancy Window Cleaners
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Excellent service from Mark and the team as always.
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Kelly Sainty profile picture
Kelly Sainty
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The second time we’ve used major money matters and cannot fault anything! Both Mark and Chantel as helpful as ever
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Amy Phillips profile picture
Amy Phillips
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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 profile picture
Robert Larkey
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Top quality service no fuss straightforward advice and actioned quickly once right product decided on
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Montell Chukwu profile picture
Montell Chukwu
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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!
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Billy Camden profile picture
Billy Camden
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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 out from your fixed-rate end date?

A quick 15-minute call tells you whether to take the product transfer, switch lender, or hold and reassess. No pressure, no panel, no call centre.

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

Call 01708 629 983
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