Should I remortgage or stay with my lender?
Start with the end date of your current deal and the balance you expect to owe. A new rate from your existing lender and a move to another lender need comparing over the same period, with switching costs and any change to the loan considered together.
- Find the current deal end date, early repayment charge and redemption fees.
- Compare the same balance and term, including product, valuation, legal and adviser fees.
- Explain any capital raising, term change or move from interest-only to repayment.
Compare the whole change, not just the rate
A remortgage can change the lender, term or borrowing amount. Legal work, a valuation and affordability checks may be needed. Start the conversation ahead of your deal ending so there is time to check the alternatives and your current redemption figure.
How I approach the case
We begin with what you want to achieve, your timescale and any part of the case that needs explaining. I review the evidence and suitable lender routes, then explain the available options and their costs. A recommendation follows the individual assessment; an initial conversation does not commit you to an application.
Where legal, tax or other specialist advice is needed, we identify it early so the finance fits the wider transaction. Tell me about any change in employment, borrowing, deposit or property details before proceeding.
What to prepare
- Latest mortgage statement
- Current rate and deal end date
- Approximate property value
- Updated income and commitments
You do not need every document before saying hello. Start with a short outline; detailed or sensitive records should follow through an agreed secure route.
A lower payment can come from extending the term and may mean paying more interest overall. Include any early repayment charge in the comparison.
Your questions, answered
What should I budget for beyond the deposit?
Build a separate allowance for legal work, a survey, any property tax, moving and immediate repairs. Then consider the monthly mortgage alongside bills, insurance and existing commitments. A budget with some room left over is more useful than a purchase price on its own.
Link to this answerHow do we compare mortgage options?
We consider the amount borrowed, the term, repayment method, initial rate period, fees and flexibility together. Tell me if you expect to move, make overpayments or change your working pattern. A lower initial payment does not, by itself, establish that a mortgage is the right fit.
Link to this answerWhat can change between our first conversation and completion?
A different purchase price, property issue, change in income or new borrowing can affect the assessment. Keep me informed before making a commitment. A lender’s initial indication is followed by its full checks, valuation and offer conditions.
Link to this answerMore questions about your plans
Does a lower mortgage rate always mean a cheaper remortgage?
No. The product fee, any charge for leaving your current deal and the balance left at the end of the comparison period can change the result. Compare like-for-like terms and include any cashback and costs that a simple calculator leaves out.
What should I send before my fixed rate ends?
Start with your latest mortgage statement, deal end date, approximate property value and any changes to income or plans. Jack can then discuss timing and the evidence needed. Do not assume that an early application removes an early repayment charge.
Further reading: MoneyHelper: mortgages and homebuying. Content updated 17 September 2026. General information; availability depends on the individual case.