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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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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Vicky W
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Vicky W
We honestly cannot thank Jules enough…
We honestly cannot thank Jules enough for everything he did for us throughout what was an extremely stressful and complicated mortgage process. From start to finish, Jules was proactive, knowledgeable and completely committed to getting our mortgage over the line. Our case was far from straightforward, tight deadlines, ongoing solicitor issues, valuation uncertainty, and constant pressure around Christmas, yet Jules remained calm, persistent and reassuring throughout. He chased the lender relentlessly, kept us updated whenever possible, and went above and beyond to push things forward, even using his contacts to try to speed matters up. When things felt uncertain or overwhelming, Jules took the time to explain where we were in the process and what realistically could (and couldn’t) happen, which helped us stay grounded during a very anxious time. Thanks to his determination and expertise, we secured our mortgage offer and are now in a position to move forward,something that honestly didn’t feel possible at times. We genuinely don’t think this would have happened without Jules’ hard work and dedication. If you are looking for a broker who truly cares, fights your corner and doesn’t give up when things get difficult, we couldn’t recommend Jules highly enough.
Mark W
"Sophie and David have been very helpful… Sophie and David have been very helpful in my..."
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Mark W
Sophie and David have been very helpful…
Sophie and David have been very helpful in my mortgage review. Would happily recommend
Simon
"Great service Just completed my fourth buy-to-let remortgage with the help of Coreco. This was trickiest..."
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Simon
Great service
Just completed my fourth buy-to-let remortgage with the help of Coreco. This was trickiest of them all due to ever-changing demands from the lender but Sangeeta and Sophie played a blinder in getting it over the line. The communication throughout the process was also first-class.