Remortgage calculator

You can use this remortgage calculator to work out how much money you could save by switching to a new deal.

Simply enter your details into the form and click 'Save me money'. We'll then search our wide range of lenders to find our best deals available to you.

Remember, this remortgage calculator is just a guide. The actual mortgage deal you're offered could vary depending on a number of factors, including your credit history and how much you earn.

To find out more about the mortgage deals available to you, call one of our expert advisers on 0800 195 2913

How could finding a remortgage benefit me?

If you're near the end of your existing mortgage deal - or if you're on your lender's SVR (standard variable rate) - a remortgage could be a great opportunity to cut your costs.

Quite simply, if your new mortgage deal has a lower interest rate than your previous deal, your monthly mortgage payments should be lower.

And if you're taking out a bigger mortgage for any reason, finding a deal with a lower rate could help to minimise the impact on your finances.

What if I'm in the middle of my existing deal?

If you want to remortgage in the middle of an existing deal, depending on its terms, most mortgage lenders will charge an early repayment fee. These fees can be quite costly, so remortgaging at this point could actually end up costing you more, even if your new interest rate is lower.

Check the terms of your mortgage, it may be better to start looking for a remortgage a few months before your existing deal ends. Mortgage lenders can normally arrange for your new deal to start as soon as your current terms finish.

Fixed-rate or tracker mortgage?

This is a question lots of people ask themselves, and unfortunately there's no easy answer. At any given time, tracker mortgages tend to have the lowest rates available, but your mortgage payments are liable to change from time to time. Payments on a fixed-rate mortgage won't change, but you're likely to pay more to begin with than you would on a tracker mortgage.

In short, if you want security, a fixed-rate mortgage may suit you better. If you think you could afford an increase in your mortgage payments at some point in the future, a tracker mortgage may be best for you.

Before you decide which type of mortgage to choose, talk to one of our expert advisers on 0800 195 2913.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. DEBT CONSOLIDATION MAY INCREASE THE AMOUNT TO BE REPAID IN THE LONG TERM. Subject to status. An arrangement fee of £495 is payable on completion. For debt consolidation mortgages the fee is 1.5% of total advance (minimum £1295, maximum £1,695). No fee for returning customers. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. Calls may be recorded.

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