How much could I save by remortgaging?
What could I save by switching to a cheaper interest rate?
When your discount, tracker or fixed-rate mortgage ends, you’ll end up on your mortgage provider’s standard variable rate, (SVR) which can cost much more each month. Use our remortgage calculator to see how much you can save monthly and annually by moving to a cheaper rate.
If you’re worried about increased interest rates or affordability speak to one of our helpful brokers for free support.
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Savings
Remortgage Calculator FAQs
Some frequently asked questions we receive about our remortgage calculator as well as general remortgaging FAQs. If your question isn’t here our team will be happy to help answer any of your questions.
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What is remortgaging?
Remortgaging means switching banks or mortgage products to get preferable mortgage terms to those of your outstanding mortgage. Usually, that involves saving money with smaller monthly payments or cheaper interest rates. Read more about how remortgaging works.
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Why should I remortgage?
There are several reasons why you might want to remortgage and these include:
- You want to save money with a cheaper mortgage rate
- Your property value has increased
- To release equity
- Your circumstances change
You can learn more about the reasons to remortgage here.
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What information do I need to use the remortgaging calculator?
For our remortgage calculator you will need to know:
- The outstanding balance on your current mortgage
- The number of years left on the mortgage
- The type of mortgage, e.g. repayment or interest only
- Your current interest rate or current monthly payment
You can usually find these on your latest statement
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How do I find the best remortgaging deals?
As expert mortgage brokers, you’re in good hands right here!
You can use our mortgage best buy calculator to find the best mortgage for you or you can contact one of our friendly brokers who can help you find the perfect remortgage deal for you.
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Do you have any remortgaging guides?
We have created a few guides to help those looking to remortgage. Here are the ones we think are the most relevant:
See our best buys
We’ve picked out some of today’s best mortgage rates to give you an idea which lenders and interest rates could be available to you.
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