Compare Remortgage Lenders
Remortgaging can be a stressful and time consuming process but with expert advice from experts and a range of consumer tools (such as the remortgage calculator and deals tables on this page) you can remortgage successfully and with minimal time and energy.
You may be looking to remortgage your property if the interest rate deal on your current mortgage has reached the end of its term. For example, in a fixed interest rate deal, the set term ends and your mortgage lender will switch the rate of interest to their own standard variable rate.
It is worth comparing mortgage deals before the set term on your current mortgage deal ends in order to make a smooth transition to another mortgage.
The process usually takes around a month and you may be required to hire a surveyor to make a professional valuation of your property. Use our comparison tables to see a range of lenders offering remortgage deals.
In addition to arranging a valuation of your property, you should seek a redemption statement from your current mortgage lender to demonstrate to prospective new lenders how much of your loan remains to be paid.
Your remortgage lender will ask you to choose which method of repayment you want to use. The options will be between:
Repayment is a type of payment method that consists of straight forward monthly payments as well as the interest you owe each month. You are guaranteed to repay your mortgage loan within the term established by your lender in choosing this option.
Interest only is a type of payment method that consists of solely of the interest accumulated each month and you may be expected to pay separate instalments into a savings account to repay the entirety of your mortgage loan at the end of the set term. This repayment method enables you to earn interest on your savings and potentially earn back some of the money you spend on interest payments.
Take your time to really study different remortgage deals so you can appreciate the subtle differences, which could after all turn out have large effects on your finances. Our free service provides:
- Remortgage quotes from leading UK lenders
- No obligation expert remortgage advice
- Fast service
To use our free service and get access to quotes from the entire mortgage market in just one place, simply fill in our quick enquiry form.
Alliance and Leicester Remortgage
Northern Rock Remortgage