Remortgage

Compare Remortgage Deals

Latest Deal - Post Office 2 Year Fixed Interest Only »Post Office Mortgage Deals

More Info...»

1.17%Reverts to 4.24% after 2 years

Overall Cost for Comparison 3.8% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

2 Year TRACKER deal »NatWest Mortgages

Call NatWest FREE on 0800 158 2934

1.59%Reverts to 3.75% after 2 years


Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

Mortgage Rates At All Time Low


Remortgage


But For How Long...?


"NOW is the time to remortgage before rates rise again"


Why Remortgage


1. Remortgage to save money...

4 million UK homeowners are paying more interest on their mortgage than they need to.


How much?...A staggering £2.78 billion of interest being paid by people on the wrong mortgage deal.


The good news...On average a UK homeowner could save £216 per month by switching to a better mortgage deal.


That is a saving of £2,500 annually...!!!*

Remortgage Today

Has your initial mortgage deal come to an end?

When you took out your mortgage there is a good chance that you were given a fixed initial rate deal e.g. 2,3 or 5 years.


At the end of the initial rate you will usually switch to the lender’s Standard variable Rate (SVR) of interest... 


The current average lender SVR is 4.40%


This means you will have to pay more interest on your mortgage repayment each month.


By simply remortgaging you could save a small fortune!


So what deals are available?



By switching to a better deal with a different mortgage provider, remortgaging could potentially allow you to...


benefit from lower interest rates and lower monthly mortgage repayments.


2. Remortgage to raise money...


By remortgaging you may be able to release capital in your home.


This could be useful if you are looking to carry out:

  • Home improvements
  • New Kitchen
  • New Ensuite bathroom
  • New Extension
  • Help your child with their own mortgage deposit
  • Consolidate other existing debts.


A remortgage is often the most cost effective way to borrow.

Remortgaging to release equity


What deals are available for raising additional money?



  • NatWest currently offer a 2 year initial fixed rate of 1.41% APR on a 60% loan to value basis. for more details of how you can raise capital by remortgaging call NatWest FREE on 0800 158 2934


3 Points to consider when remortgaging


  1. Remortgaging could save you a substantial amount of money on your repayments each month.
  2. Even if your new mortgage deal takes just a few percent off your current deal, that could add up a significant saving over the life of the mortgage.
  3. If you are currently on your lender standard variable rate it is likely remortgaging could be an attractive option in reducing your monthly interest repayments.


Not sure what to do?


If you do not want to speak to a lender directly you can speak to a qualified mortgage adviser to talk through your options - see the lender deals below or speak to a whole of market mortgage broker on 0117 332 6063


*Research carried out by London & Country March 2017

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.17%

Reverts to 4.24%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed

1.42%

Reverts to 3.75%

2

Years

60%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

1.38%

Reverts to 4.54%

2

Years

65%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.
Tracker

1.30%

Reverts to 4.54%

2

Years

70%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.
Fixed

1.45%

Reverts to 3.75%

2

Years

75%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

1.42%

Reverts to 4.54%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.
Tracker

1.59%

Reverts to 3.75%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Tracker

1.79%

Reverts to 3.75%

2

Years

70%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Tracker

1.82%

Reverts to 3.75%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed

1.89%

Reverts to 3.74%

2

Years

60%

YesMore Info >
Overall Cost for Comparison 3.40% APRC. This is the cost of the mortgage over the full term.
Fixed

1.82%

Reverts to 3.75%

5

Years

60%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Fixed

2.11%

Reverts to 3.75%

5

Years

75%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.
Fixed

2.34%

Reverts to 3.74%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

2.49%

Reverts to 4.70%

2

Years

80%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.
Fixed

2.49%

Reverts to 4.70%

2

Years

80%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.
Fixed

2.42%

Reverts to 3.75%

5

Years

85%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.40% APRC. This is the cost of the mortgage over the full term.
Fixed

2.59%

Reverts to 3.69%

10

Years

60%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.00% APRC. This is the cost of the mortgage over the full term.
Fixed

2.69%

Reverts to 3.74%

5

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.
Fixed

2.94%

Reverts to 3.69%

10

Years

80%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Fixed

3.34%

Reverts to 3.74%

5

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.70% APRC. This is the cost of the mortgage over the full term.

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Compare Remortgage Deals

Getting a remortgage could help you get a better deal on your mortgage by reducing your current payments and freeing up funds which could be used or saved elsewhere. Effectively a remortgage is the transfer of a mortgage from one mortgage lender to another. Reasons for remortgaging might include:

 

  • Reducing monthly repayments to your current lender
  • Raising capital to pay off debts or for some other purpose e.g. home improvements

 

If the fixed or discounted period of your current mortgage is coming to an end then you will be moved to your lender's standard variable rate which may mean your monthly mortgage repayments go up in some cases significantly. In this respect you may wish to investigate the merits of a remortgage either with your current lender or a new lender. It is important to remember that there will be fees associated with a remortgage which will depend on the type of remortgage deal you opt for.

 

If you require independent remortgage advice click here for details or call our independent mortgage team on 0117 332 6063.

Top 5 Mortgage Deals

Find a selection below of top mortgage deals based on "loan to value" or LTV - so if you have a 25% deposit or 25% equity in your home click on the 75% LTV tab for latest deals

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.41%

Reverts to 3.75%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

1.44%

Reverts to 3.69%

3

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Tracker

1.59%

Reverts to 3.75%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed

1.63%

Reverts to 3.74%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

1.94%

Reverts to 3.74%

5

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.10% APRC. This is the cost of the mortgage over the full term.

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker