Compare over 15,000 mortgage rates from over 90 lenders in minutes. If you’re looking for mortgage advice, you can speak to a Rest Less mortgage advisor and get high quality advice on residential, retirement interest-only, equity release and buy-to-let mortgages.
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Enter a few basic details to compare remortgage deals from the whole of the market.
You can also adjust your details on the results page if you’d like to see how that affects the different remortgage options available to you.
Find the right mortgage for you
- Compare 90+ lenders covering whole of market
- See deals in minutes
- Speak to an expert mortgage advisor
Why should you remortgage?
It’s still worth reviewing your mortgage, even if you’ve got no plans to move, and especially if you’re looking to reduce your outgoings.
Always remember to check that there aren’t any hefty redemption penalties or early repayment charges to pay before you leave your existing deal.
- You could reduce your total and monthly mortgage costs and save hundreds, or even thousands, of pounds a year.
- Mortgage rates are extremely competitive now and many lenders are reducing their mortgage rates.
- Remortgaging could provide you with some protection from economic uncertainty
- You might have moved into a different loan-to-value (LTV) band which means you now have access to better mortgage rates.
- Lenders are tightening up their affordability criteria due to soaring living costs.
How our remortgage comparison tool works
Enter basic details
Enter a few basic details about your property and the type of mortgage you’re looking for.
See deals today
Customise your details as you go, if you’d like to try out a few different scenarios.
Get expert advice
Talk through your options with a mortgage broker and get your application started.
When should I remortgage?
Lots of people put off thinking about remortgaging until their current deal has finished, so that they don’t get hit with any early repayment charges for leaving before their initial term is up.
While it’s sensible not to incur any penalties, it is usually possible to secure your next deal up to three or sometimes six months before it actually begins, so that you can roll from one deal straight to the next without having to move onto your lender’s SVR in between.
In some exceptional cases, if you’re stuck on a particularly high mortgage rate, it may still be worth remortgaging before your current deal ends, even if there are early repayment charges to pay. It’s worth getting an expert mortgage advisor to crunch the numbers on your behalf to see whether it makes financial sense to move to a new deal if early repayment charges still apply.
Frequently asked questions
Can I remortgage if I'm over 50?
Getting a mortgage used to be much trickier the older you got, but lenders now offer a much wider range of options to borrowers aged 50 and above.
Different lenders impose different mortgage age limits. While some may have a maximum age for starting a mortgage, others may look at when the mortgage term ends. So when choosing a remortgage it’s a good idea to explore several options so you can be certain you’ve found the best deal for your needs.
However, taking out a mortgage in your 50s isn’t very different to getting a mortgage when you’re in your 20s, 30s or 40s. Lenders will want to check that you’ll be able to afford your payments both now and in the future.
Read more in our guide: Mortgages over 50: what you need to know.
Can I get a new mortgage with a different lender?
Yes, you can remortgage with a different lender, although you’ll need to meet their affordability checks and eligibility criteria. Even though you don’t have to continue with your existing lender, it is good practice to check for exit penalties or other charges on your initial deal if you move before it ends. There are usually no penalties to pay once your deal has finished.
How long does remortgaging take?
Remortgaging is usually a relatively quick process if you choose to continue with your current lender and can take as little as a few days. However, the remortgage process typically takes around six to eight weeks if you change your lender, or longer if your case isn’t straightforward, so it’s well worth getting started sooner rather than later if your mortgage deal is due to finish soon.
Alternatively, if you know when your current deal finishes, you can ask us to send you a reminder by filling in a quick form.
How do I find out the value of my property for a remortgage?
You will need a valuation only if you are changing your current lender. The lender will do some desk research and formally evaluate your home to arrive at this. The valuation will be arranged on your behalf, so you don’t need to arrange it yourself.
Can I apply for a remortgage with bad credit?
Yes, you can apply for a remortgage even if you have a bad credit score.
However, not having a good credit score can affect the remortgage rates you are offered. Your lender will want to charge a higher interest rate to offset the higher risk you present.
What do I need to get a remortgage?
Your lender will want to see proof of your income and outgoings, so you’ll need to gather together your latest payslips (accounts if you’re self-employed) and bank statements, along with proof of your address and identity. Start collecting all the documents you will need for the mortgage application process as soon as possible, as not having them readily available can hold up the process. Read more about applying for a mortgage in our article, how to apply for a mortgage.
Should I get remortgage advice?
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 residential, retirement interest-only, equity release and buy-to-let mortgages.
Ready to compare remortgages?
Our remortgage guides are designed to give you the essential knowledge you need to feel confident when considering your mortgage options.
Whether you’re looking to refresh your mortgage knowledge, want to understand how remortgages work and where to start, or you’re looking for information related to your needs – our guides are here to help.
Please note that we charge a fee of £495 for residential, buy-to-let and retirement interest-only mortgages, and £995 for equity release. This only be chargeable upon mortgage completion.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk.