This depends entirely on your circumstances. In general, your options are: Do nothing and roll onto the Standard Variable Rate, choose a new deal from your existing lender (called a Product Transfer) or change lender entirely (called a remortgage). However, there are so many other factors to consider and speaking to one of our specialist advisers is highly recommended - zero hassle and fee-free.
Remortgage advisers
Remortgaging involves switching your existing mortgage to a new one, often with a different lender. Our Nottingham based mortgage advisers can guide you through the remortgaging process, helping you find a deal to suit your financial needs and goals.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Get in touch with James Leighton now to uncover how much you could save.
Get in touch
Get in touch
Remortgage with confidence
Trusted, tailored and whole of market advice
Our remortgage advisers have a track record of ensuring homeowners switch their current mortgage deals at the right time, often securing better rates and terms that align with their evolving financial circumstances. We’ve helped many UK clients save money through our tailored approach to remortgaging and access to a wide range of lenders, as well as exclusive options available to us as part of the Quilter Financial Planning network.
Our approach to remortgaging is never a one-size-fits-all service as your adviser needs to assess your existing mortgage terms and the current market. Moreover, we access remortgage offers from the whole of the market and will guide you throughout the process from start to finish. We aim to make your remortgaging journey as effective and efficient as possible.
- Call: 0115 870 9520
- Email: [email protected]
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Access your home’s capital
You could access some of your home’s capital as a lump sum as part of your remortgage. This could be a more cost-effective method of borrowing for home improvements or something else.
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Remortgaging peace of mind
Our specialised and highly experienced remortgage advisers aim to give you peace of mind that changing lender will bring clear, worthwhile, and tangible financial benefits.
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Access exclusive remortgaging products
As a Whole of Market brokerage, our remortgage advisers have access to a huge range of more than 90 lenders and thousands of remortgaging deals, in addition to a range of exclusive products offered through our network, Quilter Financial Planning Limited.
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Negotiations with lenders
You won’t have to deal with lenders directly when using our remortgage services. Our experienced advisers will liaise with them on your behalf to secure the most suitable remortgage deal for your needs.
Experience in action
Our Nottingham-based team of specialised, experienced remortgage advisers use their insights, expertise, and in-depth market knowledge to maximise value for our clients across the UK.
Things to consider
Get started early
One of the most critical factors determining your remortgage options is your property's worth. This is because it will determine how much you can borrow against the value of the property and what rate you get. The lower the loan-to-value, the more options you will have. An accurate and realistic idea of the property value will help us get you the right remortgage solution.
Things to consider
Finding the most-suited remortgage option
Remortgaging can bring enormous benefits, but there are many things to consider, such as what deals are available from your existing lender, when your deal ends, whether you want to borrow more money, and your short-, medium-, and long-term financial objectives. An experienced remortgage adviser will help you understand what’s possible and practical.
Things to consider
Time it wisely
The mortgage market constantly changes in line with the economy, housing market, and other factors. Timing is, therefore, critical when it comes to securing a new mortgage deal. It is recommended that you start your research as early as possible before your current mortgage deal ends to allow enough time for processing and to give you the best chance of securing a great deal. For tailored, jargon-free advice, please speak to one of our remortgage advisers.
By your side
Focusing on your long-term goals
Our team of trusted mortgage advisers take the time to understand clients’ long-term financial goals when remortgaging. By understanding your broader financial goals, our advisers can help you make decisions that contribute to a more secure financial future. As remortgaging has the potential to save you money and provide greater flexibility on repayments, it should be carefully considered alongside other financial planning.
We are based in Nottingham and work with clients looking to remortgage across the UK. We don’t rush initial consultations and make sure we truly understand your current situation and long-term goals. This ensures our remortgaging advice aligns with your genuine needs and preferences so you can make informed and considered decisions. We commit to offering genuinely bespoke remortgaging services that benefit our clients.
- Call: 0115 870 9520
- Email: [email protected]
FAQs
Q
How does the interest rate on a remortgage compare to the original mortgage?
A
Q
What are the pros and cons of remortgaging to a fixed-rate mortgage over a variable-rate mortgage?
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Fixed-rate mortgages mean fixed repayments which makes for easy budgeting and certainty for a number of years ahead. However, they lack flexibility because an early repayment charge will apply if you redeem the mortgage before the end of the fixed rate period. A variable rate product offers flexibility as they will usually have low or no early repayment charges (ERCs) and you might benefit if the Bank of England Base Rate drops.
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Can mortgage brokers help with remortgaging if I have complex financial circumstances and unsatisfactory credit history?
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Yes, clients with complex financial circumstances, such as being self-employed, being a contractor, having adverse credit, owning multiple properties, holding foreign passports and many other reasons, are well advised to speak to a broker. They will be able to use their experience and knowledge about lender criteria to open access to more lenders, often saving you time and money.
Home movers
Whether you’re upsizing or downsizing, our mortgage advisers can help you find the most advantageous mortgage option.
New build mortgages
Navigate the new build mortgage market with our experienced and well-connected new build mortgage advisers.
Buy to Let
Secure the right investment property with our extensive Buy to Let (BTL) mortgage market insights and support. Our knowledgeable team of BTL mortgage professionals will provide a customised solution that focuses on your investment goals.
First-time buyers
As a first-time buyer, you’ll receive a personalised mortgage advice service, clear explanations and exceptional support throughout the process.
884,999
mortgages were up for renewal in the first three quarters of 2024*.
The remortgage market is expected to be worth £58 billion in 2025, 26.9% of the total mortgage market.
*Source: https://www.uswitch.com/mortgages/remortgaging/remortgage-statistics/
Grace Flint - Remortgage Adviser
“With a whole lot of dedication and know-how, we guide clients down the road to financial success, one remortgage at a time!"
Grace joined us in July 2022. She's passionate about helping clients achieve their financial goals and believes in strong communication and collaboration within the team.
- Call: 0115 870 9520
- Email: [email protected]
Case study
Managing mortgage and help to buy equity loan for a brighter financial future
Client background: We recently helped a couple in their early 60s who came to us seeking advice with their money matters. Their mortgage with NatWest was reaching the end of its term and they were worried about how to pay off their Help to Buy equity loan, given they had a deadline of 9 years remaining. The couple were finding it hard to pay their bills and pay off the loan so looked to James Leighton for a much needed solution. As the gentleman in the couple was still working, he told us about his job and mentioned it was not too physically demanding, therefore meaning he could work for longer. The couple’s main objective was to find a way to make their monthly payments less and deal with paying off the equity loan.
The challenges:
- They had 9 years left to pay off their mortgage in full and they needed a way to make it more affordable.
- The gentleman was over 60 years old which can sometimes mean limited mortgage options are available.
- Some banks and building societies will require you to use your pension as a source of income if you're close to 70 and wish to change your mortgage.
- The extra money the gentleman made from working more hours was really important but some banks didn't count it because of his age.
What we did: We talked a lot and came up with a plan to help them out:
- Changing mortgage time: We thought about making the time they had to pay their mortgage longer. This would mean they could pay less each month which would be better for them. This would mean extending their mortgage term from 9 years to up to 14 years.
- Picking the right lender: We suggested using Santander because they were better at dealing with the situation around the gentleman’s age and how much money he made. This way, they could check if the couple could really afford the payments.
- Considering the options: We thought a 2-year fixed term where they paid the same amount each month would be a good idea. The couple had an option to draw down a lump sum from their pension and pay off the Help to Buy equity loan which they appreciated as it meant they could look to reduce the extended term down again. We talked about it to make things better in the long run.
To wrap it up: By extending the couple’s term and giving more time to pay the mortgage, we were able to secure them a better rate meaning they could pay less money each month. The 2-year fixed term gave them time to think about paying the loan faster with their pension money.
We were able to find a way to help these clients handle their mortgage and loan payments that worked better for them. They got more time to pay the mortgage and a bank that was agreeable about their situation. The 2-year plan let them think about using their pension money to finish paying the loan early if they wanted. It made their money situation better and gave them a brighter financial future.
They got more time to pay the mortgage and a bank that was agreeable about their situation.
What our customers say
We have been using James Leighton since we bought our property back in 2017 and always found them to be fantastic. They always find the best deals and manage to decipher what it exactly you want when remortgaging.
Grace was super friendly from the start ensuring that everything was discussed upfront and all questions were answered. Thank you so much.
