Remortgage Calculator

Should you remortgage?

Remortgaging can save you hundreds of pounds per month, but it's not always the right move. Read our remortgage guide for a full breakdown, or consider remortgaging if:

• Your fixed rate is ending — you'll move onto your lender's standard variable rate (SVR), which is usually much higher
• Rates have dropped — even a small interest rate reduction can save thousands over the mortgage term. Check our latest rates
• Your property value has increased — a lower LTV unlocks better rates
• You need to raise funds — remortgaging can release equity for home improvements or other purposes

Costs to factor in

When calculating whether remortgaging is worthwhile, remember to consider:

• Early repayment charges (ERCs) — check your current mortgage terms for any exit penalties
• Arrangement fees — new mortgage product fees typically range from £0 to £1,999
• Valuation fees — many lenders offer free valuations for remortgages
• Legal fees — conveyancing costs, often covered by cashback deals

This calculator provides estimates. See how it works to understand our process, or for a full cost-benefit analysis of remortgaging, speak to one of our advisers who will compare deals from 90+ lenders.