Remortgage in London — Find a Better Deal, Pay Nothing

Why Remortgage? The Case for Acting Now

When a fixed-rate mortgage deal comes to an end, your lender automatically moves you onto their Standard Variable Rate (SVR) — typically 6.5–7% or higher. This happens without warning and can cost you hundreds of pounds extra every single month.

Remortgaging means switching to a new fixed deal — either with your current lender or a different one — before or after this happens. With the whole market available to us, we almost always find a more competitive rate than your lender's product transfer offer.

When Should You Start the Remortgage Process?

Most lenders will let you lock in a new rate up to 6 months before your current deal expires. This is important because:

• If rates rise before your deal ends, you are already protected at the rate you locked in
• If rates fall, we can often switch you to a better deal before completion
• The application process takes time — starting early means no gap on the SVR

As a rule of thumb, speak to us 3–6 months before your current deal ends. If your deal has already ended and you're on an SVR, contact us today — every month of delay costs you money.

Should You Stay With Your Current Lender or Switch?

Your current lender will often offer you a product transfer — a new fixed rate without a full application. It can be tempting to accept for convenience. But lenders know that loyalty is worth money, and product transfer rates are not always the most competitive.

We always compare your lender's offer against the whole market before recommending a course of action. Sometimes staying makes sense; often it doesn't. You won't know unless you check — and checking costs you nothing.

Can I Release Equity When I Remortgage?

If your London property has increased in value since you bought it — or since your last mortgage — you may be able to release some of that equity when you remortgage. This means borrowing a larger amount against your property's current value.

Released equity can be used for home improvements, paying off other debts, funding a deposit for a buy-to-let purchase, or any other legal purpose. We'll assess whether equity release makes financial sense for your situation and find the right lender if so.

Remortgage for London Properties — What's Different

Higher London property values mean mortgage balances are larger — so the financial impact of getting your remortgage right is proportionally greater. A half-percentage-point improvement in your interest rate on a £600,000 balance saves you £250 per month. It is always worth taking the time to ensure you are on the best available deal.

Many London homeowners who bought 5+ years ago have also seen significant increases in their property's value. This means their loan-to-value ratio has improved, potentially putting them in a lower LTV band and unlocking better rates than they originally had access to.

Frequently Asked Questions