Remortgage
Remortgage FAQ
Find clear remortgage guidance in Hampshire, from when to start comparing deals to the costs of changing your mortgage.
What lenders look at
Useful options, explained simply.
- 01Start looking before your current deal ends.
- 02Compare the total cost, not just the headline rate.
- 03Understand the fees involved in changing your mortgage.
- 04Consider whether releasing equity is right for your plans.
- 05Check for Early Repayment Charges before making a move.
Common Questions
A few answers before you start.
When is the best time to start?
Starting several months before your current deal ends gives you time to understand the options and avoid a rushed decision. The right timing also depends on your lender and any Early Repayment Charge.
How long does a remortgage take?
A straightforward switch can take a few weeks, but it can take longer if there are legal, income or property details to check. Starting early leaves room for the unexpected.
What fees should I expect?
There may be product, valuation, legal or lender fees, as well as any Early Repayment Charge from your current lender. The overall cost matters more than any one fee.
Can I release equity?
You may be able to borrow more against your home, depending on affordability, value and what you plan to use the money for. Extra borrowing increases the amount and cost of your mortgage.
What are Early Repayment Charges?
They are charges that may apply if you leave a fixed or discounted deal before its agreed end date. Your current mortgage documents will show whether one applies and when it ends.
Client story
A Real Family Story: How Acting Early Saved Their Mortgage
When their fixed rate had less than a year to run, a family in Hampshire assumed they could wait a little longer. A simple conversation helped them see that starting early gave them more time to understand their options. Their broker reviewed the current mortgage, checked the likely costs of switching and found a new deal that fitted their plans. By acting before the deadline, the family avoided a rushed decision and felt ready for the change when their existing rate ended.
Ready to take the first step?
Want to understand your next mortgage deal?
A mortgage broker can give advice and recommendations based on your circumstances.