01
What is a Remortgage?
A remortgage is when you switch your existing mortgage to a new deal — either with a new lender or your current one.
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Step through the guide below
02
Why Remortgage?
- Secure a better interest rate
- Your current deal is ending
- Release equity from your property
03
How Long Does It Take?
Most remortgages take between 4 to 8 weeks, depending on your circumstances and lender.
04
How to Apply
Simply get in touch with our team and we'll guide you through the process from start to finish.
At a glance
Remortgage insights
A snapshot of the UK mortgage landscape — backed by real data.
Nearly 1 in 3 UK mortgages are remortgages
Around 28–29% of all UK mortgage lending is for remortgaging rather than home purchases.
Very strongSource: Financial Conduct Authority (FCA) — View source
Large volumes of homeowners remortgage each year
Nearly 885,000 UK mortgages were due for renewal in 2024, driving significant remortgage activity.
StrongSource: Uswitch (based on industry and ONS data) — View source
Most remortgages happen when fixed deals end
The majority of remortgages occur when fixed-rate deals (typically 2 or 5 years) come to an end.
StrongSource: Uswitch / UK mortgage market analysis — View source
Many borrowers face higher payments when remortgaging
Over 600,000 UK households faced increased mortgage costs in early 2024 when remortgaging from low fixed rates.
Very strongSource: Uswitch (based on Bank of England and market data) — View source
Remortgaging activity rises with competitive rates
Remortgaging activity can spike significantly, with over 50,000 remortgages completed in a single month, reflecting market conditions.
StrongSource: UK Finance — View source
The UK mortgage market is extremely large
The UK mortgage market is worth over £1.7 trillion in outstanding lending.
Very strongSource: Financial Conduct Authority (FCA) — View source
Many borrowers are concerned about affordability
Around 30% of UK borrowers are concerned about affording repayments when remortgaging.
Moderate to strongSource: Uswitch — View source
Remortgaging is strictly regulated
All remortgages in the UK must follow strict affordability and consumer protection rules.
Very strongSource: Financial Conduct Authority (FCA) — View source
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