Your mortgage deal doesn’t have to stay the same
Whether your deal is coming to an end, you want to raise some money, or you’re just curious if there’s something better out there — Albot can help you see what’s available.
What’s on your mind?
We can help with all of these
What’s making you think about remortgaging?
People remortgage for all sorts of reasons. Here are some of the most common ones we see.
Fixed rate ending
Your deal is coming to an end and you’ll move to your lender’s standard variable rate. A new deal could mean paying less each month.
Raise capital
Release some of the equity in your home — for improvements, paying off other debts, a property deposit, or something else entirely.
Better rate available
Rates may have dropped since you last fixed, or you might have built up more equity. Even a small rate change can make a noticeable difference.
Stay with your lender
You might be able to get a new rate from your current lender without a full application. It’s often quicker — no valuation or legal work needed.
Buy-to-let refinance
Looking to remortgage an investment property? You could release equity, get a better rate, or reorganise your portfolio financing.
Change in circumstances
Need to remove a partner from the mortgage, add someone new, or switch from interest-only to repayment? That’s a common reason too.
Bring debts together
You might be able to roll credit cards, loans, and other debts into your mortgage for one monthly payment — often at a lower rate.
Business purposes
Thinking about releasing equity to invest in your business or manage cash flow? Some lenders specialise in exactly this.
Change your term
Want to extend your mortgage to reduce monthly payments, or shorten it to pay things off sooner? Both are possible with a remortgage.
Is now a good time to remortgage?
Here are some things that might help you decide whether to look now or wait a bit.
It could be a good time if…
Your fixed rate ends in the next 3–6 months — it’s worth looking now to lock something in
You’re on your lender’s standard variable rate — there’s a good chance you could pay less
Your home has gone up in value — you might qualify for better rates at a lower LTV
You’d like to raise capital for improvements, paying off debts, or something else
Your circumstances have improved — better income or credit could mean better rates
You might want to wait if…
You have high early repayment charges — the cost to leave might outweigh what you’d save
Your credit has recently dipped — you might not get the most competitive rates right now
You’re about to change jobs — lenders generally prefer stable employment history
You’re on an excellent rate that’s hard to match in today’s market
Your deal ends soon but you’re selling — a short-term tracker might be better
Not sure? It costs nothing to check
Even if you’re not sure whether now is the right time, you can see what deals are available without any obligation. Our soft search won’t affect your credit score.
Wondering how much you could borrow?
Your maximum mortgage is usually based on your household income, multiplied by a factor that depends on the lender and your circumstances.
Income multiples explained
Lenders typically offer between 4 and 5.5 times your annual household income. Some may go higher depending on your situation.
Standard lending
Most lenders’ starting point. Generally available with good affordability.
Most common
Typical for people with solid income and a clean credit history.
Higher earners
May be available for professionals, higher earners, or those with larger deposits.
What you’ll typically need
Proof of income
Payslips, P60s, or tax returns if you’re self-employed. Lenders need to check your earnings.
Credit history check
Lenders look at your credit file. A few marks don’t always mean no — some specialise in less-than-perfect credit.
Spending & affordability
Lenders check your regular outgoings to make sure the mortgage is affordable. Some may ask for bank statements, but many don’t.
Property valuation
The lender values your property to confirm LTV. This helps determine which rates you could get.
ID verification
Passport or driving licence plus proof of address — standard anti-money laundering checks.
Stay with your lender, or switch?
When your deal ends, you’ve got two main options. Here’s a quick look at how they compare.
Stay with your lender
New rate, same lender
Quick and simple — often just a phone call or done online
No valuation needed — saves time and hassle
No legal work — the charge stays in place
Limited to their rates — might not be the best deal out there
Can’t raise capital — same amount only
Could work well if
You’re happy with your current mortgage amount and just want a quick, hassle-free switch to a new rate.
Switch to a new lender
Full remortgage
Whole market choice — compare rates across the whole market
Can raise capital — borrow more for any purpose
Potentially much better rates — especially if your LTV has improved
Takes longer — typically 4–8 weeks
More paperwork — full application, valuation, legal work
Could work well if
You’d like to raise capital, or you think there might be a better deal available elsewhere.
Not sure which is right for you?
We compare both — your current lender’s offers and the wider market — so you can see exactly which option could work out better.
What does the process look like?
From your first enquiry to completion — here’s what to expect along the way.
See what’s available
Tell us a bit about your property and what you’re looking for. We check over 100 lenders and show you what could work — without affecting your credit score.
Chat with an adviser
A qualified mortgage adviser from Loan.co.uk looks through your options, explains the details, and helps you find the right deal for your situation. No pressure, no jargon.
Submit your application
If you’re happy to go ahead, the application is submitted to the lender. You’ll provide some documents to verify your income, ID, and address.
Valuation & underwriting
The lender values your property and reviews everything. Most valuations are done remotely these days, so there’s usually no surveyor visit needed.
Legal work & completion
Conveyancers handle the legal transfer from your old lender to the new one. Once that’s done, your new mortgage begins.
Common remortgage questions
When’s a good time to start looking?
If your deal is ending, it’s worth starting about 3–6 months beforehand — most mortgage offers stay valid for that long, so you can lock something in early. If you’re looking to raise capital or switch lenders for a better rate, you can start whenever suits you. The process itself typically takes 4–8 weeks.
Does it cost anything to remortgage?
There can be some costs involved: arrangement fees (often added to the loan), valuation fees (sometimes free), and legal fees (many lenders offer free legal work for remortgages). If you’re leaving a deal early, you might also face early repayment charges. We’ll make sure you can see all the costs upfront so you can work out whether it makes sense.
Can I remortgage to borrow more?
Yes — this is sometimes called “capital raising”. You can borrow extra for home improvements, bringing debts together, a deposit on another property, or almost any other purpose. How much depends on your income, affordability, and the equity in your home.
What if my credit isn’t perfect?
It doesn’t always mean no. Some specialist lenders work with people who have CCJs, defaults, missed payments, or other credit issues. Rates might be higher, but it could still be better than staying on your lender’s standard variable rate. We search the whole market to find what’s available to you.
How long does it all take?
Usually around 4–8 weeks from application to completion. Staying with your current lender is often quicker (sometimes just days) since there’s no valuation or legal work. A full remortgage to a new lender takes a bit longer because of valuation, underwriting, and conveyancing.
Can I remortgage a buy-to-let property?
Yes, absolutely. The process is similar, but lenders look at it a bit differently — they focus more on the rental income covering the mortgage payments. Rates and criteria vary by lender, so it’s worth comparing what’s out there.
Curious what’s out there?
See remortgage options from over 100 lenders in about 2 minutes. No obligation, no credit footprint.
See what’s availableRepresentative Example (Mortgages)
If you borrow £200,000 over 25 years, initially on a fixed rate for 5 years at 5.25% and for the remaining 20 years on the lender’s standard variable rate of 7.99%, you would make 60 monthly payments of £1,199.12 and 240 monthly payments of £1,393.46. The total amount of credit is £200,000. The total amount payable would be £418,263. The overall cost for comparison is 6.8% APR representative.
Albot is an introducer and technology platform, not a lender and not a mortgage broker. Applications submitted via Albot may be passed to Loan.co.uk Ltd, which provides mortgage advice, carries out suitability assessments, and arranges mortgages with lenders. Loan.co.uk Ltd acts as a mortgage broker, not a lender. Your home may be repossessed if you do not keep up repayments on your mortgage.