17 Jun 2026
Signs it's time to remortgage
Remortgaging means switching to a new mortgage deal. This will either be with your current lender or a new one.
Getting advice and moving to a new deal when the time is right can mean lower monthly mortgage payments, better interest rates, or releasing equity from your property.
Below are the signs it may be time to remortgage.
1. Fixed rate is ending
There are a few reasons people choose to remortgage their property; one of the most common is when their fixed-rate is coming to an end.
Once your fixed-rate deal ends, you are usually moved on to the lender’s Standard Variable Rate (SVR). In most cases, this rate is a lot higher than the introductory rate.
If your rate is due to expire within the next six months, it is recommended to speak with a mortgage broker who can look at your options and secure a new rate before your deal expires.
2. Interest rates are improving
The mortgage market is highly volatile and is shifted by a range of factors including swap rates and inflation. Rates are constantly changing, and may have decreased since taking out your original mortgage product, which could be a good opportunity to switch to a better deal. Even a small saving could lead to a big saving over the term of your mortgage.
3. Increase in property value
The value of your property may have increased since you bought it. Property value growth with regular mortgage repayments is likely to put homeowners in a stronger position than when they originally purchased their house. Getting an up-to-date estimate of the value of your property could be worth looking at to see if you can access lower-LTV mortgage products.
4. Release equity from your property
Some homeowners decide to remortgage to access some of the equity (essentially money) built up in their property.
Common reasons for releasing equity are:
- Home improvements
- Helping family members with a deposit for a property
- Debt consolidation
- Paying for a large purchase, such as a car or holiday
Borrowing against your property may mean you can release funds without taking out higher-interest credit. Equity release isn’t for everyone; it is important to seek financial advice to ensure it is the best option for you.
A mortgage review can determine whether you are on the best deal for your circumstances, and possibly save you money over the term of the mortgage.
Recent posts
There are several scenarios for a landlord where standard buy-to-let lending isn’t enough for their investment. For more complex properties, ownership structures, or borrowing circumstances, a specialist buy-to-let mortgage may provide options that are not available through mainstream lenders.
Best UK Mortgage Rates this Week
Yesterday
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Leaseholders to be given extra protection
15 days ago
Housing Secretary Angela Rayner has announced a new measure to protect leaseholders in England and Wales from high fees and poorly regulated property management companies.
New first-time buyer scheme announced by Burnham
17 days ago
Saturday 26th September, Andy Burnham announced a new equity loan scheme called “Your First Home”. The scheme, which will be confirmed at next month’s budget, is aimed at first-time buyers looking to purchase a new-build property from a developer signed up to the scheme.
What Happens to My Mortgage if I Lose My Job?
20 days ago
Losing your job or finding yourself ‘between jobs’ is, unsurprisingly, a stressful place to be. Keeping a cool head and taking action is important.
Flats 40% cheaper to buy than houses
27 days ago
This price gap between the cost of houses and flats is the biggest it has ever been. Houses are now costing 1.7 times more than a flat, which is 0.4 times higher than 10 years ago
Take a look at our list of houses vs. flats per area.
Are mortgage rates set to increase?
9 Sep 2026
We have seen several lenders increase their mortgage rates over the last couple of weeks. This suggests mortgage rates are likely to rise.
Although nothing is set in stone, lender repricing, rising swap rates, and continued economic uncertainty suggest borrowers should prepare for higher mortgage costs.
AI-altered images put off over half of buyers
24 Aug 2026
According to data from House Buyer Bureau, where over 900 UK homebuyers were surveyed, 54% of people said that they immediately ruled out digitally enhanced property listings.
More information
Trusted by
