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Remortgaging guides
Remortgaging is one of the most effective ways to reduce your monthly outgoings or access equity in your home. These guides help you understand when to switch, what to look for in a new deal, and whether overpaying your current mortgage might be a better option.
When remortgaging makes sense
Most fixed and tracker mortgage deals last 2, 5 or 10 years, after which the loan reverts to the lender's standard variable rate (SVR) — usually higher than any deal you could arrange in advance. The general rule is to start comparing remortgage options 3 to 6 months before your current deal ends, since most new rates can be locked in ahead of time without cost. Beyond simply avoiding the SVR, landlords and homeowners also remortgage to release equity (for home improvements, a deposit on another property, or debt consolidation) or to switch mortgage type entirely, for example moving from interest-only to repayment.
Before switching, weigh any early repayment charge on your current deal against the savings from a new rate, and check whether your income, credit profile or the property's loan-to-value has changed since you last applied — all three affect what rates you'll be offered.
Articles
Should I overpay my mortgage?
How overpaying compares to saving — with real UK scenarios and tax implications.
Repayment vs interest-only mortgage
Why switching between types can form part of a remortgage strategy.
Fixed vs tracker mortgages explained
Choosing between fixed and variable at remortgage — pros and cons.
25 vs 35 year mortgage
How extending your term when remortgaging affects monthly cost and total interest.
Credit score for a UK mortgage
What lenders check when you apply to remortgage.
How much can I borrow?
How affordability checks work when you come to remortgage.
Remortgaging calculators
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✓ Editorially reviewed — all Poqet guides are checked for factual accuracy before publication and updated when UK rates or legislation change. Editorial Policy