{"id":3075,"date":"2026-08-15T08:05:49","date_gmt":"2025-11-05T12:05:21","guid":{"rendered":"https:\/\/www.rightmove.co.uk\/mortgages\/guides\/?page_id=3075"},"modified":"2026-08-15T00:00:00","modified_gmt":"2026-08-14T23:00:00","slug":"what-is-remortgaging","status":"publish","type":"page","link":"https:\/\/www.rightmove.co.uk\/mortgages\/guides\/remortgage\/what-is-remortgaging\/","title":{"rendered":"What is remortgaging and how does the process work?"},"content":{"rendered":"<p>Last updated: August 15, 2026<\/p>\n\n<div class=\"c-section c-section--primary-lighter my-4\" id=\"\">\n    <h2 class=\"c-section__title\">\n        In summary:    <\/h2>\n    <div class=\"c-section__content\">\n        <ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">When your current mortgage deal ends, or you want to change\u00a0the\u00a0mortgage\u00a0on your existing home,\u00a0this is\u00a0when you consider\u00a0remortgaging\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Remortgaging\u00a0is the\u00a0technical\u00a0name\u00a0for\u00a0moving\u00a0to a new mortgage\u00a0lender\u00a0when your current one\u00a0comes to an end. If you stay with your existing lender but change deals, this is known as a product transfer<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Remortgaging could save you money each year, when compared to the amount you\u2019d pay if you moved on to your lender\u2019s Standard Variable Rate (SVR) when your fixed deal ends\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">You can start the process of remortgaging months before your existing deal ends, but you should check whether early repayment charges (ERC) apply if doing it earlier\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n    <\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">When your existing deal ends, securing a new deal can help keep monthly repayments as low as possible.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When your existing fixed rate mortgage deal&nbsp;comes to an end, chances are&nbsp;you\u2019ll&nbsp;want to secure a new deal to keep your monthly mortgage repayments as low as possible.&nbsp;Doing nothing could cost you more each month.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This process&nbsp;of changing mortgage deals&nbsp;is often referred to as remortgaging, but&nbsp;there are specific definitions for different options:&nbsp;changing to a new mortgage deal,&nbsp;either with the same lender or&nbsp;with a different lender. We break down the different options below.&nbsp;<\/p>\n\n\n<a href=\"https:\/\/www.rightmove.co.uk\/mortgages\/calculators\/remortgage-calculator\"\n   target=\"\"\n   class=\"my-5 c-calculator-module c-calculator-module--tall c-calculator-module--layout-1 c-calculator-module--light c-calculator-module--no-content\" \n   data-module-admin-id=\"\">\n    <div class=\"c-calculator-module__media\" style=\"background-image: url(https:\/\/www.rightmove.co.uk\/mortgages\/guides\/content\/uploads\/2024\/04\/doccalc.svg)\"><\/div>\n    <div class=\"c-calculator-module__body c-wp c-wp--flush\">\n        <h2 class=\"c-calculator-module__title\">\n            <span>Explore your options with our Remortgage Calculator<\/span>        <\/h2>\n        \n        <div class=\"c-calculator-module__footer \">\n                        <div class=\"c-calculator-module__footer__item c-calculator-module__footer__item--cta\">\n                <div class=\"c-calculator-module__cta\">\n                    <svg class=\"c-icon c-icon--arrow-line-right\"><use xlink:href=\"#icon-arrow-line-right\"><\/use><\/svg>                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/a>\n\n\n\n<h2 id=\"what-is-remortgaging\" class=\"wp-block-heading\">What is remortgaging?&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Remortgaging is&nbsp;often referred to as&nbsp;the process of replacing your current mortgage with a new deal.&nbsp;However, you can either switch to a new product with your existing lender (called a product transfer) or move to a completely different mortgage provider&nbsp;(the official definition of remortgaging).&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The key thing to note is that&nbsp;you\u2019re&nbsp;not moving house &#8211;&nbsp;you\u2019re&nbsp;staying in the same&nbsp;property, but&nbsp;changing the terms of how you pay for it.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Think of it like switching energy suppliers to get a better deal, except&nbsp;you\u2019re&nbsp;changing&nbsp;mortgage lenders instead.&nbsp;<\/p>\n\n\n\n<h2 id=\"what-are-your-remortgaging-options\" class=\"wp-block-heading\">What are your remortgaging options:&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">With&nbsp;an estimated&nbsp;1.8million fixed-rate mortgages coming to an end in 2026*, many homeowners will be considering what&nbsp;options work&nbsp;for them.&nbsp;Those options include:&nbsp;<\/p>\n\n\n\n<h3 id=\"do-nothing\" class=\"wp-block-heading\">Do nothing&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You\u2019ll&nbsp;usually be moved onto your&nbsp;lender\u2019s&nbsp;Standard&nbsp;Variable&nbsp;Rate&nbsp;(SVR), which is often more expensive.&nbsp;<\/p>\n\n\n\n<h3 id=\"a-product-transfer\" class=\"wp-block-heading\">A product transfer&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Stay with your current lender but switch to one of their new mortgage deals.&nbsp;This is the&nbsp;more&nbsp;common choice with UK homeowners&nbsp;(according to&nbsp;UKFinance&nbsp;in 2025).&nbsp;<\/p>\n\n\n\n<h3 id=\"remortgage-by-changing-providers\" class=\"wp-block-heading\">Remortgage&nbsp;by&nbsp;changing&nbsp;providers&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.rightmove.co.uk\/mortgages\/guides\/remortgage\/switching-mortgage-providers\/\" target=\"_blank\" rel=\"noreferrer noopener\">Switch&nbsp;your mortgage provider<\/a>&nbsp;to a completely different lender.&nbsp;<\/p>\n\n\n\n<h2 id=\"product-transfer-vs-full-remortgage-which-is-right-for-you\" class=\"wp-block-heading\">Product&nbsp;transfer vs&nbsp;full&nbsp;remortgage:&nbsp;which&nbsp;is&nbsp;right for&nbsp;you?&nbsp;<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><td><\/td><td><strong>Product transfer<\/strong><\/td><td><strong>Remortgage (new lender)<\/strong><\/td><\/tr><\/thead><tbody><tr><td><strong>Time<\/strong><\/td><td>A new rate could be&nbsp;locked in&nbsp;instantly,&nbsp;with the start date chosen by the borrower.&nbsp;<\/td><td>4\u20138 weeks&nbsp;(not including your research).&nbsp;<\/td><\/tr><tr><td><strong>Affordability checks<\/strong><\/td><td>Fewer checks, dependent on lender&nbsp;and same borrowing criteria. Home value will be checked.&nbsp;<\/td><td>Full assessment&nbsp;likely, but&nbsp;varies depending on&nbsp;lender.&nbsp;<\/td><\/tr><tr><td><strong>Legal fees<\/strong><\/td><td>There should be no legal&nbsp;fees, but this depends on the lender.&nbsp;<\/td><td>Fees are more likely with switching&nbsp;lender.&nbsp;This could be anything from&nbsp;\u00a3250 -\u00a31,500+.&nbsp;Some lenders&nbsp;could&nbsp;cover these&nbsp;costs, or&nbsp;offer cashback incentives for the fees.&nbsp;Check with individual lenders.&nbsp;<\/td><\/tr><tr><td><strong>Rate choice<\/strong><\/td><td>Limited to current&nbsp;lender&#8217;s&nbsp;range.&nbsp;<\/td><td>Ability to compare&nbsp;multiple&nbsp;rates&nbsp;from a wider range of lenders,&nbsp;dependent&nbsp;on individual circumstances.&nbsp;<\/td><\/tr><tr><td><strong>Best for<\/strong><\/td><td>Shorter&nbsp;timeframes; changed financial circumstances.<\/td><td>Best available rate;&nbsp;additional&nbsp;borrowing.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"why-do-people-remortgage\" class=\"wp-block-heading\">Why do people remortgage?&nbsp;<\/h2>\n\n\n\n<h3 id=\"save-money-with-better-rates\" class=\"wp-block-heading\">Save money with better rates&nbsp;&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Moving to&nbsp;a deal with a lower mortgage rate,&nbsp;either through product transfer or changing lenders,&nbsp;will be most people\u2019s desired outcome when&nbsp;they\u2019re&nbsp;remortgaging.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If&nbsp;you\u2019re&nbsp;currently on&nbsp;a&nbsp;higher rate&nbsp;mortgage, have gained equity in your home, or if interest rates have fallen since you took out your mortgage,&nbsp;remortgaging to a lower rate could save you a decent chunk of money each month.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, Matt Smith explains how the opposite could also be true:&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIn today\u2019s market, many people coming off low fixed rates could be seeing their monthly payments rise. If your current deal is cheaper than&nbsp;what\u2019s&nbsp;available now,&nbsp;it\u2019s&nbsp;important to&nbsp;plan ahead&nbsp;and make sure you can comfortably manage the increase.\u201d&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Take a look at the&nbsp;<a href=\"https:\/\/www.rightmove.co.uk\/mortgages\/guides\/remortgage\/current-remortgage-rates\/\" target=\"_blank\" rel=\"noreferrer noopener\">current average remortgage rates here<\/a>&nbsp;which include both product transfer and remortgage rates.&nbsp;&nbsp;<\/p>\n\n\n\n<h3 id=\"avoid-expensive-standard-variable-rates\" class=\"wp-block-heading\">Avoid expensive&nbsp;Standard&nbsp;Variable&nbsp;Rates&nbsp;&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">When your fixed-rate deal ends, lenders typically move you to their SVR, which&nbsp;are often&nbsp;significantly higher than competitive market rates.&nbsp;<a href=\"https:\/\/www.rightmove.co.uk\/mortgages\/guides\/mortgage-types\/types-of-mortgages\/\" target=\"_blank\" rel=\"noreferrer noopener\">Standard Variable Rate mortgages<\/a>&nbsp;have rates&nbsp;set by the lender and&nbsp;it can go up and down. These rates&nbsp;often change when&nbsp;Base&nbsp;Rate does, but&nbsp;the specifics of each lenders SVR will&nbsp;usually be explained in the mortgage details.&nbsp;<\/p>\n\n\n\n<h3 id=\"certainty-about-monthly-payment-amounts\" class=\"wp-block-heading\">Certainty about monthly payment amounts&nbsp;&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If&nbsp;you\u2019re&nbsp;worried about interest rates rising, you might&nbsp;want to move from a variable rate or tracker mortgage&nbsp;to a fixed rate. This will give you predictable monthly payments which&nbsp;won\u2019t&nbsp;change until your fixed term ends, regardless of what happens with the Bank of England\u2019s Base Rate, or inflation.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h3 id=\"withdraw-equity-from-your-property\" class=\"wp-block-heading\">Withdraw equity&nbsp;from your property&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If your home has&nbsp;increased&nbsp;in value,&nbsp;you might remortgage to borrow&nbsp;additional&nbsp;money to make home improvements,&nbsp;consolidate&nbsp;your debt, or to cover other major expenses.&nbsp;&nbsp;Note that you will have to pay back the full value of the home at the end of the mortgage term.&nbsp;Consolidating&nbsp;unsecured debt into a&nbsp;mortgage could also increase the total&nbsp;amount&nbsp;repayable, extend the repayment&nbsp;term&nbsp;and put the home at risk.&nbsp;<\/p>\n\n\n\n<h3 id=\"change-your-mortgage-terms\" class=\"wp-block-heading\">Change your mortgage terms&nbsp;&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You might be able to change&nbsp;some of the terms of your mortgage when you&nbsp;remortgage&nbsp;or change deals with your lender.&nbsp;For example, you may want to&nbsp;extend or reduce your mortgage term, or switch from interest-only to repayment, which would&nbsp;impact&nbsp;the cost of your monthly payments.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This can&nbsp;require&nbsp;additional&nbsp;checks, as Matt&nbsp;Smith&nbsp;explains: \u201cIf you extend&nbsp;your term into retirement or change repayment type, it is likely to trigger&nbsp;additional&nbsp;checks by the lender. This could happen either when you are remortgaging or doing a product transfer.\u201d&nbsp;<\/p>\n\n\n\n<h2 id=\"what-are-current-typical-remortgage-rates\" class=\"wp-block-heading\">What are current &amp; typical remortgage rates?&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Mortgage&nbsp;rates change&nbsp;regularly, so&nbsp;it\u2019s&nbsp;important to keep an eye on&nbsp;what\u2019s&nbsp;available.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a guide, remortgage rates&nbsp;are often grouped as:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Lowest rates<\/strong>&nbsp;\u2013 typically available to borrowers with lower loan\u2011to\u2011value (LTV) ratios and strong credit profiles&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Average rates<\/strong>&nbsp;\u2013&nbsp;what most borrowers can expect, depending on their circumstances&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Highest rates<\/strong>&nbsp;\u2013 usually linked to higher LTVs or more complex financial situations&nbsp;<\/li>\n<\/ul>\n\n\n    <figure class=\"wp-block-table is-style-stripes\">\n        <table class=\"has-fixed-layout\" itemscope itemtype=\"https:\/\/schema.org\/Table\">\n            <thead>\n                <tr>\n                    <th class=\"column-1 text-center\">Fixed term<\/th>\n                    <th class=\"column-2 text-center\">Average remortgage rate<\/th>\n                    <th class=\"column-3 text-center\">Lowest remortgage rate<\/th>\n                    <th class=\"column-4 text-center\">Average product transfer rate<\/th>\n                    <th class=\"column-5 text-center\">Lowest product transfer rate<\/th>\n                <\/tr>\n            <\/thead>\n            <tbody class=\"row-hover\">\n                                    <tr>\n                        <td class=\"text-center\">2-year fixed<\/td>\n                        <td class=\"text-center\">5.17%<\/td>\n                        <td class=\"text-center\">4.64%<\/td>\n                        <td class=\"text-center\">4.88%<\/td>\n                        <td class=\"text-center\">4.49%<\/td>\n                    <\/tr>\n                                        <tr>\n                        <td class=\"text-center\">5-year fixed<\/td>\n                        <td class=\"text-center\">5.18%<\/td>\n                        <td class=\"text-center\">4.67%<\/td>\n                        <td class=\"text-center\">4.96%<\/td>\n                        <td class=\"text-center\">4.64%<\/td>\n                    <\/tr>\n                                <\/tbody>\n        <\/table>\n    <\/figure>\n    <p><small><time datetime=\"2026-08-15T00:00:00+00:00\">Updated: August 15, 2026<\/time><\/small><\/p>\n    <p><small>These rates are provided by Podium \n    and are an average of Loan-to-Value (LTV) ratios ranging from 95% to 60% LTV. Some lenders rates \n    aren\u2019t publicly available (and aren&#8217;t included in the average rates above)<\/small><\/p>\n    \n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<figure class=\"c-author-quote c-box\" id=\"block_2e662165becfd1305a3ed72a0c07cbf3\">\n    <blockquote class=\"c-author-quote__quote\">\n        <p><span class=\"TextRun SCXW207923127 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW207923127 BCX0\">&#8220;Tracking the average remortgage rates gives you a\u00a0<\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW207923127 BCX0\">flavour<\/span><span class=\"NormalTextRun SCXW207923127 BCX0\">\u00a0of what is happening in the market<\/span><span class=\"NormalTextRun SCXW207923127 BCX0\">.\u00a0\u00a0<\/span><span class=\"NormalTextRun SCXW207923127 BCX0\">They are best for understanding the trends,\u00a0<\/span><span class=\"NormalTextRun SCXW207923127 BCX0\">telling<\/span><span class=\"NormalTextRun SCXW207923127 BCX0\">\u00a0you which way the market is moving<\/span><span class=\"NormalTextRun SCXW207923127 BCX0\">, but rates will vary depending on your circumstances.&#8221;<\/span><\/span><\/p>\n    <\/blockquote>\n     \n    <figcaption class=\"c-author-quote__author\">\n                    <img decoding=\"async\" src=\"https:\/\/www.rightmove.co.uk\/guides\/content\/uploads\/2026\/01\/Matt_Smith_headshot-300x300.png\" alt=\"Matt Smith\" class=\"c-c-author-quote__author__img\">\n                <div class=\"c-author-quote__author__info\">\n            <strong>Matt Smith<\/strong>,<br \/>\n            Rightmove Mortgages Expert        <\/div>\n    <\/figcaption>\n<\/figure>\n\n\n<p class=\"wp-block-paragraph\">With our weekly trackers, you can keep up to date with the&nbsp;<a href=\"https:\/\/www.rightmove.co.uk\/mortgages\/guides\/remortgage\/current-remortgage-rates\/\" target=\"_blank\" rel=\"noreferrer noopener\">latest&nbsp;remortgage rates<\/a>&nbsp;and comparisons.&nbsp;<\/p>\n\n\n\n<h2 id=\"remortgaging-process-explained\" class=\"wp-block-heading\">Remortgaging process explained:&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Remortgaging follows a similar process to getting your original mortgage, with a few key steps to work through.&nbsp;<\/p>\n\n\n\n<h3 id=\"understand-your-current-equity-and-ltv-band\" class=\"wp-block-heading\">Understand&nbsp;your current equity and&nbsp;LTV band&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The value of your home can&nbsp;impact&nbsp;the&nbsp;loan-to-value (LTV) band&nbsp;that you fall into, which&nbsp;affects what&nbsp;deals you could apply for.&nbsp;To see&nbsp;whether your home value has gone up and&nbsp;how much mortgage equity you have, you can do an instant valuation&nbsp;and use&nbsp;our&nbsp;<a href=\"https:\/\/www.rightmove.co.uk\/house-value.html\" target=\"_blank\" rel=\"noreferrer noopener\">Equity Tracker<\/a>.&nbsp;<\/p>\n\n\n\n<h3 id=\"research-your-options-and-compare-your-current-deal\" class=\"wp-block-heading\">Research your options and compare your current deal&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Look at what your current lender is offering&nbsp;you, then compare deals&nbsp;available online&nbsp;to see what suits your needs.&nbsp;A&nbsp;<a href=\"https:\/\/www.rightmove.co.uk\/mortgages\/guides\/how-to-get-a-mortgage\/mortgage-broker-adviser\/\" target=\"_blank\" rel=\"noreferrer noopener\">mortgage broker<\/a>&nbsp;could help you research options that suit your specific needs.&nbsp;&nbsp;<\/p>\n\n\n\n<h3 id=\"get-your-financial-documents-in-order\" class=\"wp-block-heading\">Get your&nbsp;financial&nbsp;documents&nbsp;in order&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Lenders are likely to&nbsp;ask for:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Around&nbsp;3 months&nbsp;of&nbsp;payslips&nbsp;(sometimes more depending on&nbsp;your&nbsp;employment type, but sometimes less)&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bank statements&nbsp;for the last 3 months, to show proof of income and outgoings&nbsp;\u2013 but this depends on the lender and your circumstances&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 id=\"consider-a-mortgage-in-principle\" class=\"wp-block-heading\">Consider&nbsp;a&nbsp;Mortgage in&nbsp;Principle&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A&nbsp;<a href=\"https:\/\/www.rightmove.co.uk\/mortgages\/guides\/financing\/mortgage-in-principle\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mortgage in Principle<\/a>&nbsp;can&nbsp;give you an idea of how much you&nbsp;might be able to borrow&nbsp;before making a full application, but&nbsp;it\u2019s&nbsp;not a guaranteed mortgage offer.&nbsp;This&nbsp;isn\u2019t&nbsp;a necessary step for remortgaging, but it can help&nbsp;if you are&nbsp;looking&nbsp;to&nbsp;borrow&nbsp;more than your current balance, before&nbsp;submitting&nbsp;a full application.&nbsp;<\/p>\n\n\n\n<h3 id=\"submit-your-application\" class=\"wp-block-heading\">Submit your application&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Once&nbsp;you\u2019ve&nbsp;chosen a deal, you would then&nbsp;complete a full&nbsp;mortgage&nbsp;application,&nbsp;which&nbsp;involves the lender&nbsp;checking&nbsp;your finances and property&nbsp;information.&nbsp;Once&nbsp;it\u2019s&nbsp;complete&nbsp;you will need to pay any outstanding fees.&nbsp;<\/p>\n\n\n\n<h2 id=\"how-to-qualify-for-remortgaging\" class=\"wp-block-heading\">How to qualify for remortgaging&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Lenders will look at several factors when deciding whether to offer you a new deal.&nbsp;<\/p>\n\n\n\n<h3 id=\"check-and-improve-your-credit-score\" class=\"wp-block-heading\">Check and improve your credit score&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Your credit score can affect the rates&nbsp;you\u2019re&nbsp;offered and whether your application is accepted.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some ways to&nbsp;improve&nbsp;your credit score include:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Making payments on time&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Reducing outstanding debts&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Avoiding multiple credit applications in&nbsp;a short period&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 id=\"consider-your-affordability-for-mortgage-lenders\" class=\"wp-block-heading\">Consider your&nbsp;affordability&nbsp;for mortgage&nbsp;lenders&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Lenders will&nbsp;want to&nbsp;assess your income,&nbsp;outgoings&nbsp;and commitments to make sure you can afford repayments.&nbsp;Maintaining&nbsp;healthy finances and avoiding large purchases or loans before&nbsp;remortgaging,&nbsp;could help boost your affordability.&nbsp;<\/p>\n\n\n\n<h3 id=\"factor-in-your-personal-circumstances\" class=\"wp-block-heading\">Factor in your personal circumstances&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Understanding how much equity you have in your home could inform your choice to remortgage. You can&nbsp;keep track of your equity by getting a home valuation, to see whether you could&nbsp;qualify&nbsp;for&nbsp;a different LTV band.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, things like your income, employment&nbsp;status,&nbsp;and&nbsp;your&nbsp;age,&nbsp;can influence your eligibility&nbsp;and options.&nbsp;<\/p>\n\n\n\n<h3 id=\"provide-the-right-paperwork\" class=\"wp-block-heading\">Provide the right&nbsp;paperwork&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Typical documents&nbsp;lenders ask for&nbsp;include:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Proof of income (payslips, tax returns)&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ID&nbsp;(passport or driving&nbsp;licence)&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Proof of address&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bank statements&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This can vary from each lender, so check the requirements before starting the application process.&nbsp;<\/p>\n\n\n\n<h2 id=\"common-misconceptions-and-concerns-about-remortgaging\" class=\"wp-block-heading\">Common misconceptions and concerns about remortgaging&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Our mortgage expert,&nbsp;<a href=\"https:\/\/www.rightmove.co.uk\/guides\/author-profile\/james-outhwaite\/\" target=\"_blank\" rel=\"noreferrer noopener\">James Outhwaite<\/a>, brings more clarity to the remortgage process.&nbsp;<\/p>\n\n\n\n<h3 id=\"myth-remortgaging-is-always-expensive-and-complicated\" class=\"wp-block-heading\">Myth: \u201cRemortgaging is always expensive and complicated\u201d&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">James:&nbsp;While there can be&nbsp;extra&nbsp;costs involved,&nbsp;some lenders&nbsp;offer&nbsp;deals&nbsp;or&nbsp;incentives like free valuations or legal work.&nbsp;It\u2019s&nbsp;worth shopping around for different deals and comparing costs for different options.&nbsp;<\/p>\n\n\n\n<h3 id=\"myth-its-risky-to-change-lenders\" class=\"wp-block-heading\">Myth: \u201cIt\u2019s risky to change lenders\u201d&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">James:&nbsp;Switching lenders is a normal part of managing your mortgage and can help you find a better deal.&nbsp;It comes with&nbsp;additional&nbsp;affordability checks and admin,&nbsp;so&nbsp;staying with your existing lender is also a common choice.&nbsp;<\/p>\n\n\n\n<h3 id=\"concern-impact-on-credit-score\" class=\"wp-block-heading\">Concern: Impact on credit score&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">James:&nbsp;Applying for a new mortgage&nbsp;does&nbsp;involve&nbsp;lenders doing a&nbsp;<a href=\"https:\/\/www.rightmove.co.uk\/mortgages\/guides\/credit-score-mortgages\/\" target=\"_blank\" rel=\"noreferrer noopener\">credit check<\/a>.&nbsp;If there&nbsp;is any impact, it should be temporary and will improve over time if you keep up your regular payments.&nbsp;<\/p>\n\n\n\n<h2 id=\"things-to-think-about-before-remortgaging\" class=\"wp-block-heading\">Things to think about before remortgaging&nbsp;<\/h2>\n\n\n\n<h3 id=\"consider-all-costs-involved\" class=\"wp-block-heading\">Consider all costs involved&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Make sure&nbsp;you&nbsp;account for any fees, such as arrangement or legal costs, when&nbsp;<a href=\"https:\/\/www.rightmove.co.uk\/mortgages\/guides\/how-to-get-a-mortgage\/how-to-get-the-best-mortgage-deal\/\" target=\"_blank\" rel=\"noreferrer noopener\">comparing&nbsp;remortgage&nbsp;deals<\/a>.&nbsp;<\/p>\n\n\n\n<h3 id=\"assess-your-current-financial-situation\" class=\"wp-block-heading\">Assess your current financial situation&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Understand your income,&nbsp;spending&nbsp;and&nbsp;future plans&nbsp;before committing to a new deal.&nbsp;Use a&nbsp;<a href=\"https:\/\/www.rightmove.co.uk\/mortgages\/calculators\/remortgage-calculator\" target=\"_blank\" rel=\"noreferrer noopener\">remortgage calculator<\/a>&nbsp;to get a better idea.&nbsp;<\/p>\n\n\n\n<h3 id=\"think-about-timings-and-how-long-remortgaging-takes\" class=\"wp-block-heading\">Think about timings&nbsp;and how long remortgaging takes&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">How long&nbsp;do you plan to stay in&nbsp;your&nbsp;current home?&nbsp;How long do you have left on your current deal?&nbsp;These are good questions to ask before you get started.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The remortgaging process&nbsp;can take between 4-8 weeks, sometimes longer.&nbsp;You can start the process up to 6 months before your current deal ends,&nbsp;checking your equity and starting&nbsp;to&nbsp;compare&nbsp;options.&nbsp;When&nbsp;your current deal ends,&nbsp;you&nbsp;would end up on your current&nbsp;lender\u2019s&nbsp;variable rate, which may&nbsp;not be as good&nbsp;depending on market conditions.&nbsp;Preparing in advance gives you more time to decide what is the right&nbsp;option&nbsp;for you.&nbsp;<\/p>\n\n\n\n<h3 id=\"get-professional-advice\" class=\"wp-block-heading\">Get professional advice&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If&nbsp;you\u2019re&nbsp;unsure what the best options are for your circumstances, a&nbsp;regulated&nbsp;mortgage adviser&nbsp;or broker&nbsp;can help you find&nbsp;suitable choices&nbsp;for your situation.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 id=\"are-you-ready-to-remortgage\" class=\"wp-block-heading\">Are you ready to remortgage?&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Remortgaging&nbsp;and&nbsp;changing mortgage deals with your existing lender&nbsp;is&nbsp;a common and practical step that many UK homeowners take to manage their mortgage costs effectively. While it requires some effort and planning, the potential savings make it worthwhile for many people.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The key is to start exploring your options well before your current deal ends. This gives you time to research the market, understand your options, and complete the process before&nbsp;rolling off&nbsp;onto a&nbsp;Standard&nbsp;Variable&nbsp;Rate.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Remember, doing nothing when your mortgage deal ends&nbsp;could&nbsp;increase your monthly repayments, so it can be worthwhile&nbsp;setting aside the time for the admin that comes with remortgaging. Even if you decide to stay with your current lender by doing a product transfer,&nbsp;you could find a mortgage&nbsp;option&nbsp;that is more suitable&nbsp;to&nbsp;your current situation.&nbsp;<\/p>\n\n\n<div class=\"row mb-5 mt-4 g-4\" id=\"\"><div class=\"col-12 col-lg-6 mb-sm-2 mb-md-0\"><a href=\"https:\/\/www.rightmove.co.uk\/mortgages\/calculators\/remortgage-calculator\"\n   target=\"\"\n   class=\"c-calculator-module c-calculator-module--tall c-calculator-module--layout-2 c-calculator-module--light \" \n   data-module-admin-id=\"\">\n    <div class=\"c-calculator-module__media\" style=\"background-image: url(https:\/\/www.rightmove.co.uk\/mortgages\/guides\/content\/uploads\/2024\/04\/doccalc.svg)\"><\/div>\n    <div class=\"c-calculator-module__body c-wp c-wp--flush\">\n        <h2 class=\"c-calculator-module__title\">\n            <span>Explore your options with our Remortgage Calculator<\/span>        <\/h2>\n        <div class=\"c-calculator-module__content c-wp c-wp--flush\"><p>See your new estimated monthly payments from your current lender, and the 10 largest UK lenders.<\/p>\n<\/div>\n        <div class=\"c-calculator-module__footer \">\n                        <div class=\"c-calculator-module__footer__item c-calculator-module__footer__item--cta\">\n                <div class=\"c-calculator-module__cta\">\n                    <svg class=\"c-icon c-icon--arrow-line-right\"><use xlink:href=\"#icon-arrow-line-right\"><\/use><\/svg>                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/a>\n<\/div><div class=\"col-12 col-lg-6 \"><a href=\"https:\/\/www.rightmove.co.uk\/mortgages\/guides\/how-to-get-a-mortgage\/mortgage-broker-adviser\/\"\n   target=\"\"\n   class=\"c-calculator-module c-calculator-module--tall c-calculator-module--layout-2 c-calculator-module--light \" \n   data-module-admin-id=\"\">\n    <div class=\"c-calculator-module__media\" style=\"background-image: url(https:\/\/www.rightmove.co.uk\/mortgages\/guides\/content\/uploads\/2024\/04\/calc-medium.svg)\"><\/div>\n    <div class=\"c-calculator-module__body c-wp c-wp--flush\">\n        <h2 class=\"c-calculator-module__title\">\n            <span>What is a mortgage broker or adviser?<\/span>        <\/h2>\n        <div class=\"c-calculator-module__content c-wp c-wp--flush\"><p>A mortgage broker will help you work out how much you can borrow, and they can also give you advice if you&#8217;re remortgaging.<\/p>\n<\/div>\n        <div class=\"c-calculator-module__footer \">\n                        <div class=\"c-calculator-module__footer__item c-calculator-module__footer__item--cta\">\n                <div class=\"c-calculator-module__cta\">\n                    <svg class=\"c-icon c-icon--arrow-line-right\"><use xlink:href=\"#icon-arrow-line-right\"><\/use><\/svg>                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/a>\n<\/div><\/div>\n\n\n<h2 id=\"faqs-on-remortgaging\" class=\"wp-block-heading\">FAQs on remortgaging<\/h2>\n\n\n<ul class=\"c-faqs\" id=\"\">\n            <li class=\"c-faqs__item\">\n            <h3 id=\"is-remortgaging-a-good-idea\" class=\"c-faqs__question\">Is remortgaging a good idea? <\/h3>\n            <div class=\"c-faqs__answer\">\n                <p><span class=\"TextRun SCXW5856762 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW5856762 BCX0\">Remortgaging c<\/span><span class=\"NormalTextRun SCXW5856762 BCX0\">ould<\/span><span class=\"NormalTextRun SCXW5856762 BCX0\">\u00a0be\u00a0<\/span><span class=\"NormalTextRun SCXW5856762 BCX0\">a good idea<\/span><span class=\"NormalTextRun SCXW5856762 BCX0\">\u00a0if your current deal is\u00a0<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW5856762 BCX0\">ending<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW5856762 BCX0\">,<\/span><span class=\"NormalTextRun SCXW5856762 BCX0\">\u00a0you want a lower rate, or your needs have changed.<\/span><span class=\"NormalTextRun SCXW5856762 BCX0\">\u00a0It also depends on what your circumstances are and how long you intend to stay in your current home.<\/span><\/span><span class=\"EOP Selected SCXW5856762 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n            <\/div>\n        <\/li>\n            <li class=\"c-faqs__item\">\n            <h3 id=\"do-you-get-money-when-you-remortgage\" class=\"c-faqs__question\">Do you get money when you remortgage? <\/h3>\n            <div class=\"c-faqs__answer\">\n                <p><span class=\"TextRun SCXW264358437 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun CommentStart SCXW264358437 BCX0\">You can release money through remortgaging if you borrow more against your property\u2019s value.\u00a0<\/span><span class=\"NormalTextRun SCXW264358437 BCX0\">Releasing equity means taking out money from the\u00a0<\/span><span class=\"NormalTextRun SCXW264358437 BCX0\">portion<\/span><span class=\"NormalTextRun SCXW264358437 BCX0\">\u00a0of your home that you own.\u00a0<\/span><span class=\"NormalTextRun SCXW264358437 BCX0\">Be mindful that if you take money out of your home equity,\u00a0<\/span><span class=\"NormalTextRun SCXW264358437 BCX0\">you\u00a0<\/span><span class=\"NormalTextRun SCXW264358437 BCX0\">will<\/span><span class=\"NormalTextRun SCXW264358437 BCX0\">\u00a0have to pay this money back at the end of the mortgage term<\/span><span class=\"NormalTextRun SCXW264358437 BCX0\">.\u00a0<\/span><span class=\"NormalTextRun SCXW264358437 BCX0\">It\u2019s<\/span><span class=\"NormalTextRun SCXW264358437 BCX0\">\u00a0worth speaking t<\/span><span class=\"NormalTextRun SCXW264358437 BCX0\">o a mortgage adviser to understand\u00a0<\/span><span class=\"NormalTextRun SCXW264358437 BCX0\">what is right for you<\/span><span class=\"NormalTextRun SCXW264358437 BCX0\">.\u00a0<\/span><\/span><span class=\"EOP Selected SCXW264358437 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n            <\/div>\n        <\/li>\n            <li class=\"c-faqs__item\">\n            <h3 id=\"how-difficult-is-it-to-remortgage\" class=\"c-faqs__question\">How difficult is it to remortgage? <\/h3>\n            <div class=\"c-faqs__answer\">\n                <p><span class=\"TextRun SCXW150718247 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun CommentStart SCXW150718247 BCX0\">The<\/span><span class=\"NormalTextRun SCXW150718247 BCX0\">\u00a0remortgage<\/span><span class=\"NormalTextRun SCXW150718247 BCX0\">\u00a0process is often straightforward, especially if your circumstances\u00a0<\/span><span class=\"NormalTextRun SCXW150718247 BCX0\">haven\u2019t<\/span><span class=\"NormalTextRun SCXW150718247 BCX0\">\u00a0changed. It typically follows similar steps to your original mortgage application.<\/span><span class=\"NormalTextRun SCXW150718247 BCX0\">\u00a0However, switching providers\u00a0<\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW150718247 BCX0\">does<\/span><span class=\"NormalTextRun SCXW150718247 BCX0\">\u00a0come with more admin and checks,\u00a0<\/span><span class=\"NormalTextRun SCXW150718247 BCX0\">so<\/span><span class=\"NormalTextRun SCXW150718247 BCX0\">\u00a0can feel like a lot to manage. A mortgage broker coul<\/span><span class=\"NormalTextRun SCXW150718247 BCX0\">d<\/span><span class=\"NormalTextRun SCXW150718247 BCX0\">\u00a0<\/span><span class=\"NormalTextRun SCXW150718247 BCX0\">help<\/span><span class=\"NormalTextRun SCXW150718247 BCX0\">\u00a0guide you through the process.<\/span><\/span><span class=\"EOP Selected SCXW150718247 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n            <\/div>\n        <\/li>\n            <li class=\"c-faqs__item\">\n            <h3 id=\"what-is-an-example-of-remortgaging\" class=\"c-faqs__question\">What is an example of remortgaging? <\/h3>\n            <div class=\"c-faqs__answer\">\n                <p><span data-contrast=\"auto\">To illustrate an\u00a0example of remortgaging,\u00a0a\u00a0homeowner\u00a0is looking at changing to\u00a0a different\u00a0mortgage lender, because:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">You\u2019re\u00a0coming to the end of a fixed deal and facing higher payments<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">You compare deals and find a lower rate elsewhere<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">You\u00a0apply to\u00a0switch lender to secure that rate<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Your lenders start affordability checks and\u00a0organise\u00a0the remortgage<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n            <\/div>\n        <\/li>\n    <\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em>*Sources:&nbsp;<\/em><a href=\"https:\/\/chrome-extension\/\/efaidnbmnnnibpcajpcglclefindmkaj\/https:\/\/www.ukfinance.org.uk\/system\/files\/2025-12\/Mortgage%20Market%20Forecasts%202026-2027.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><em>UKFinance \u2013 2026 Mortgage&nbsp;Market&nbsp;Forecasts;<\/em><\/a><em>&nbsp;FCA&nbsp;data on SVRs,&nbsp;<\/em><a href=\"https:\/\/www.bankofengland.co.uk\/statistics\/visual-summaries\/effective-interest-rates\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Bank of England \u2013 Effective Interest Rates;<\/em><\/a><em>&nbsp; Average rates from Podium Data<\/em>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Please note: Your home may be repossessed if you do not keep up repayments on the mortgage. Early Repayment Charges may apply if you leave your current mortgage during the fixed-rate period. Rightmove is not authorised to give financial advice; the information and opinions provided in these articles are not intended to be financial advice and should not be relied upon when making financial decisions. Please seek advice from a regulated mortgage adviser.<\/em>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When your existing deal ends, securing a new deal can help keep monthly repayments as low as possible.&nbsp; When your existing fixed rate mortgage deal&nbsp;comes to an end, chances are&nbsp;you\u2019ll&nbsp;want to secure a new deal to keep your monthly mortgage repayments as low as possible.&nbsp;Doing nothing could cost you more each month.&nbsp; This process&nbsp;of changing [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3083,"parent":2515,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","author_profile":[12305,9895]},"class_list":["post-3075","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":{"author_profile":["12305","9895"]},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - 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