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Compare Re- Mortgage Rates UK

Why Use Simple Financial Planning ?

FCA Authorised

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The Money Planners is authorised and regulated by the Financial Conduct Authority. Their goal is to ensure we always run our business in the best interest of our clients

Whole of Market

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Allows us to ensure that we are not restricted in Mortgage Lenders we compare to match your needs. This also means we are not biased from one insurance company to another

Dedicated Advisor and Case Manager

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We value keeping you informed along the way. A dedicated advisor and case manager will be assigned to you to keep you informed throughout the complete process

Our Partners

Questions?

If you have some questions, maybe we've already answered them for you

  • What is a re-mortgage?

    A re-mortgage is where you end your mortgage with your current provider and take out a new mortgage with a different lender.

  • How does mortgaging work?

    It works by taking out a mortgage for your existing property with a new lender and using the proceeds to pay off your original mortgage.

  • Why should I remortgage?

    Re-mortgage to save money


    For lots of people in the UK, their mortgage is their largest monthly outgoing. So even a small change in the interest rate being paid could result in significant savings. Checking out deals from lenders other than your current provider could help you save money on your mortgage.


    If the value of your property has gone up since you took out or last made a change to your mortgage, then the loan-to-value of your property may have reduced. This could mean you’re eligible for a lower rate than you’re currently on.

    Re-mortgage for flexibility


    We live in changing times, so you may want a mortgage that gives you the flexibility you need to help you through life’s ups and downs. If you mortgage to Lloyds Bank, you’d have the ability to make overpayments, or apply to take a break from paying your mortgage for a couple of months.

  • When should you start looking to re-mortgage?

    If so, you want to be ready to re-mortgage to a cheaper rate. Start looking around 14 weeks before your rate ends. If you are tied into an initial deal then you might have to pay an early repayment charge which can be huge, often 2-5% of your outstanding loan.

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