Remortgage Calculator UK
Want to know if remortgaging could save you money? Our free remortgage calculator gives you an instant estimate of your new monthly repayments and potential savings compared with your current deal.
Figures are estimates only. To explore the best deals for your situation, get in touch with one of our expert advisers who specialise in our remortgaging services.
Using Our Remortgage Calculator
- Enter your current property value and mortgage details – balance, monthly payment and remaining term.
- Enter the comparison period – 1 being a month or to compare the saving over a longer period increase the number of months.
- Calculate your results – instantly see your potential saving based on current mortgage rates.
Why Use a Remortgage Calculator?
Remortgaging isn’t just about switching lenders, it’s about making sure your mortgage works for you.
Our calculator helps you:
- See potential savings based on mortgage rates currently available.
- Understand potential total savings over the remaining term.
- Plan ahead before your fixed rate ends to avoid moving onto your lenders standard variable rate (SVR).
Speak to a Remortgage Expert
Our calculator is a great starting point, but the real savings come from finding the right deal for your circumstances. At SPF, we’ll compare the whole market, explain your options clearly, and handle the process from start to finish.
Contact Form
Please complete the form below and one of our expert team will be in contact.
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FAQs
Yes, but your loan-to-value (LTV) may be higher, meaning fewer deals and potentially higher rates. An adviser can help you explore the best options.
Absolutely. Many landlords remortgage to access equity, secure better rates, or expand their portfolios.
Most lenders allow you to start the process around six months before your current deal ends. That way, you can lock in a new rate early. If rates drop before you switch, you often still have the option to move to a better deal before you current rate expires.
A remortgage with a new lender is like making a new application, so it can take 4-8 weeks, depending on the lender. Staying with your existing lender (a product transfer) is usually faster.
It depends on your situation, but common costs include arrangement fees, legal fees, valuation fees, and sometimes Early Repayment Charges (ERCs). Our advisers can assist in calculating your likely costs vs. the potential savings.
- Potentially lower monthly payments.
- Access to more products if your property has risen in value.
- The chance to release equity, extend or shorten your term, or restructure your loan.
Remortgaging is switching from your current mortgage to a new deal, either with your existing lender or a new one. Many people do this when their fixed-rate period ends to avoid moving onto the lender’s standard variable rate (SVR).
The best time is usually 3-6 months before your current fixed term ends. This allows enough time to secure a new deal, and avoid higher payments when moving onto your lenders Standard Variable Rate (SVR).
A broker compares deals across the whole market, not just one lender. That means you get expert guidance, access to more products, and help with the paperwork. If your best option is with your current lender, we can often help arrange that for you too. You may be contacted directly by your existing lender to discuss the rates they have available to switch to. Before choosing to proceed, you can discuss with us the options available across the whole mortgage market.