Compare Remortgages

Property Value
Mortgage Value
Quote

Compare Remortgages

Property Value
Mortgage Value
Quote
Property Value
Mortgage Value
Quote
Mortgage Enquiries
Mortgages Accepted

Compare Remortgages

As an independent mortgage broker, it means we are not tied to one particular bank or building society. Instead, we have access to a panel of lenders, allowing us to find the best deals by comparing hundreds of remortgage options. Our existing relationships with lenders, combined with our industry knowledge, expertise and experience, allow us to compare the most current and competitive remortgage products in today’s market. Allowing you to relax whilst we do the hard work for you.

"Up-to-date, relevant and reliable information gave me the confidence to proceed "
"Honestly, one of the best customer experiences I've had"
"Fantastic and friendly staff"
"Up-to-date, relevant and reliable information gave me the confidence to proceed "
"Honestly, one of the best customer experiences I've had"
"Fantastic and friendly staff"

Comparing Remortgages

Within a mortgage product, you will discover that there are several options to choose from. By comparing remortgage deals, based on your individual circumstances, you can generate the best remortgage deals associated to you. Whether it’s the type of mortgage, the rates or payment options, comparing remortgages is a great to discover what’s available to you. The main types of remortgages deals are as follows:

  • Compare Tracker Remortgages:

    You can remortgage on a tracker mortgage at the end of your existing term, if you think it’s right for you. By comparing tracker mortgages, you are finding mortgages based on the Bank of England base rate, plus the lender’s additional set percentage rate. For example, if you select a mortgage deal with a 2.5% set percentage rate from the lender and the Bank of England’s base rate was 0.3%, your payable mortgage deal would be 2.8%. However, if the base rate dropped as low as 0.15%, you would benefit from a reduced rate. Although the same applies if the base rate rises, making it more costly.

  • Compare Fixed Rate Remortgages:

    Remortgaging to a fixed rate mortgage will reveal how you can stabilise your monthly payments each month, regardless of what’s happening to the Bank of England base rate or the property market. This can give you peace of mind knowing your rate will stay the same. You can compare mortgage lenders rates and agree a set rate for a certain period of time. Typically, the fixed rate ranges from two to five years. However, it is possible to fix it for longer, should you want to, but it’s advisable to compare mortgage deals every so often, to see if you can secure a better mortgage deal.

  • Compare Discounted Remortgages:

    When you’re remortgaging, comparing discounted remortgages is worthwhile. You will be offered an upfront discount off the lender’s Standard Variable Rate (SVR). This is usually for the first few years of your mortgage deal, before it switches back to the SVR. Your lender’s SVR is subject to change, making your payments increase or decrease throughout the term of your mortgage deal. Therefore, comparing these, will help you find the best rates.

  • Compare Capped Remortgages:

    By remortgaging to a capped rate mortgage means you would be on a variable rate. This means that your monthly repayments are open to fluctuation. However, the rate can be capped so that it will never go above a certain limit. You may choose this remortgage deal, if you are under the impression that mortgage rates will fall, so you can reap the rewards. But, at the same time, you might want that added protection, so that there’s a cap in-case they increase. These are the areas in which you should be comparing when looking for a capped remortgage deal.

  • Compare Offset Remortgages:

    The idea behind remortgaging to an offset mortgage is to use any savings you have to reduce the amount of interest you pay overall. By inputting your total amount of savings, you can compare different mortgage deals. For instance, imagine you have a £250,000 mortgage and £45,000 in additional savings. You can offset these savings against your mortgage so that you only pay interest on £205,000 of your mortgage deal. The savings are still accessible whenever you choose, but that’s what makes rate on offset mortgages slightly higher than standard mortgages.

Your free, no obligation quote is just minutes away...

Property Value
Mortgage Value
  • Get a quick idea

    Our mortgage advisors are available Mon-Fri from 9am to 8pm, giving you plenty of opportunity to seek a quick overview of what your mortgage deal could potentially look like.

  • Speak to the experts

    A dedicated team of mortgage experts will answer your questions, queries and provide quality advice for your personal circumstances and the specific mortgage product suited to you.

  • Let us do the hard work

    We’ll take care of your application to your chosen lender from start to finish, in record time. All for free.

How do you know which Remortgage Deal is best for you?

After comparing several mortgage deals, the best mortgage deal will be entirely dependent on your individual circumstances. From your income and expenditure to the type of property you own, these are all factors in finding you the best remortgage deal. Whether you select a repayment mortgage or an interest only mortgage can play a big part too. Luckily, the team at MortgageKey are here to help and talk you through the options available to you.

What else is there to consider, when Comparing Remortgages?

Self Employment: If you are self-employed, make sure you compare a range of mortgages because the remortgage deals on offer may be somewhat restricted due to you being more of a risk to the lender. You are also likely to need to provide at least 3 years of accounts too.

Credit Checks: Most lenders have strict criteria. Therefore, when comparing remortgage deals, prepare yourself for rigorous financial assessment. Your credit history will be checked again, so make sure you check it for errors before applying. County Court Judgements and missed repayments can contribute to a poor credit score.

Property: The property you are buying may be subject to a specialist mortgage, if any alterations have been made or circumstances changed. Listed buildings, commercial premises and high-rise blocks all have specialist mortgages. It’s worthwhile comparing specialist remortgages, if you think your property falls into any of these categories.

Fees: Unfortunately, you can’t avoid set-up fees, even on the best remortgage deals. You could try and compare different lender or solicitor fees but they are often similar. Make sure you budget for them too; they can soon add up. Arrangement fees and booking fees are standard when remortgaging. Exit fees or Early Repayment Charges (ERCs) can be applied should you opt out of your mortgage before the term end. Although, it is worth noting that sometimes, on smaller properties, a mortgage deal with higher rates but lesser fees can work out cheaper.

Length of Mortgage: To get the best remortgage deal, you should definitely experiment by comparing the mortgage terms. Obviously, you should choose a mortgage term that suits you, but the shorter your mortgage term will usually mean less interest and a quicker term, although your monthly repayments are likely to be higher, compared to a longer term mortgage.

MortgageKey Guides

Ready to talk?
Speak to an expert now:

Get My Quote