Remortgage guides, deals and advice

Move to a better deal, or raise some extra cash from your property

Remortgaging is where you take out a new loan on a property you own, or replace your existing mortgage with a new deal. When the introductory rate period on your current mortgage is coming to an end, it’s usually a good idea to remortgage instead of moving onto your existing lender’s more expensive standard variable rate.

Our remortgage guides are here to help get you started. You can also find the best remortgage rates available now using our remortgage comparison tool.

If you’re looking for mortgage advice, you can speak to a Rest Less Mortgages advisor and get high quality advice** on standard, retirement interest-only and buy-to-let mortgages.

Speaking to an experienced mortgage advisor can help you to understand your options and get a great deal on your mortgage. If you’re looking for somewhere to start, you can speak to a Rest Less Mortgages advisor and get high quality advice** on standard, retirement interest-only and buy-to-let mortgages.

If your mortgage deal is ending in the next 3-6 months, take a look to see what kind of deals and rates are available today. Enter a few basic details to compare remortgage deals from the whole of market. If you’d like to try out a few scenarios, simply update your options and refresh the results.

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Let us know when your mortgage expires and we’ll remind you when it’s time to check for a better deal.

Frequently Asked Questions about remortgages

Is remortgaging the same as getting a mortgage?

Remortgaging is the same as getting a mortgage in so far as both involve you borrowing money to pay for your home, but if you’re remortgaging you will already have a mortgage, so you’re essentially moving from one deal to another. Remortgaging might involve you borrowing more or less money than you were previously, or the same amount.

Do I need a deposit to remortgage?

You don’t need to save up a deposit to remortgage as you’ll be able to use the equity you already own in your property. If your property has risen in value, you may find you have a sizeable amount of equity, which can give you access to more competitive remortgage deals. That’s because the more of the property you own, the lower risk lenders perceive you to be.

Can I remortgage with bad credit?

Remortgaging with bad credit may be possible, but you might have to seek help from a specialist lender. If you’ve got a bit of time before you need to remortgage, you might want to look at ways you can improve your credit score, such as paying off debts and closing down credit accounts you no longer use. This can help boost your chances of having a remortgage application accepted.

Do I need a solicitor to remortgage?

If you’re remortgaging to a new deal with your current lender, you shouldn’t need a solicitor as you’re simply transferring from one product to another. However, if you’re remortgaging to a new lender, there will be legal work involved as the mortgage and your deeds will have to be transferred across to the new lender, so you will need a solicitor. The legal costs of remortgaging are often covered by your new lender, so you may not have to pay for them, but check the terms of the deal you’re moving to.

Get expert mortgage advice**

If you’d like to talk to someone about your mortgage, you can get high quality advice on standard, retirement interest-only and buy-to-let mortgages from a Rest Less Mortgages advisor.

Get expert mortgage advice**

Head over to our money community forum and ask a question, or see what other Rest Less members are posting.

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