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Our best remortgage rates - December 2025
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What does remortgaging mean?
A remortgage is a change of the mortgage deal on your property. This could mean switching it to a new lender or moving to a different rate with your existing lender.
Reviewing your mortgage options can also be a good way to find lower mortgage rates and better terms.
When should I remortgage?
While it is useful to keep tabs on your mortgage to see if there are cheaper alternatives, the best time to focus on remortgaging is around three to six months before your current deal is about to expire.
This gives you time to find a better deal and make sure you have it in place to avoid reverting to your existing lender’s SVR, which could leave you paying more in repayments than you need. Lenders will also issue remortgage offers that last from three to six months, so unless your financial situation changes, any offer you receive during this period should stay valid until your current deal concludes.
Why might I want to remortgage my home?
There are a number of situations in which you might want to remortgage your home. For example:
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Your current deal is about to expire
When your current mortgage deal ends, you’ll be put on your provider’s standard variable rate (SVR), which tends to be higher. Remortgaging can move you on to a lower interest rate
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You're on a high interest rate
If you’re on a variable rate mortgage, a rise in the Bank of England base rate can increase your mortgage payments. If you remortgage, you could find a better rate
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Equity release
You can release equity from your property when you remortgage to pay for home improvements or paying off other debts
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Mortgage overpayments
You may want to remortgage to find a provider with more flexible terms that lets you overpay on your mortgage without penalty
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Increased property value
If your property value has increased, your lower loan-to-value might help you qualify for better interest rates
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Changing term
Changing your mortgage term can offer more control over your payments. Extending your term may reduce monthly costs, while shortening it could help you pay off your home more quickly.
How do I remortgage?
Review & Compare: First, understand your current mortgage (such as the rate and any switching fees) and compare it against new deals available. Be ready to provide details about your home and what you're looking for when comparing.
Apply for Your New Deal: Once you've chosen the deal that feels right for you – making sure you've considered all fees and interest rates – it's time to complete the application. You'll also need to provide the necessary documents, like proof of your income.
Handle the Legal Side: If you're moving to a different lender for your new deal, you'll need to find a conveyancer or solicitor to handle the important legal work involved in transferring the mortgage. If you're sticking with your current lender, this legal step is often not required.
Completion: After your application is approved and any necessary legal work is finished (especially if you're switching lenders), your new mortgage officially starts, taking the place of your old one. This is the moment your new rate or terms officially begin.
Should I remortgage with the same lender?
Staying with the same lender:
Is typically faster and easier, often completed within a week with minimal paperwork and no need for a new valuation or solicitor.
Is usually cheaper, avoiding legal and valuation fees, and is ideal if you need speed, have concerns about approval elsewhere, or want to release equity without switching lenders.
Switching lenders
Switching lenders allows you to shop the whole market for potentially lower rates, but it involves more steps, including legal work, affordability checks, and possibly a new property valuation.
This takes a lot longer and the process can take anywhere between 4 and 8 weeks.
How can I get the best remortgage deal?
The best remortgage deal will depend on a number of factors, including your individual financial circumstances. These are some of the actions you could consider:
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Improve your credit rating
Having a good credit score will allow you to get the best advertised rates from mortgage lenders
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Seek out low interest rates
Compare deals by the lowest rate. Consider fixed and tracker deals to see which might suit your attitude to risk
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Reduce your loan-to-value (LTV)
If you can borrow a lower percentage of the property’s value, you can often find cheaper remortgage deals
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Look for low fees
Administration, legal, and valuation fees on a remortgage can offset a low interest rate – so a deal may not be as good as it first appears
Can I remortgage with bad credit?
You may be able to remortgage if you have a poor credit rating, but it’s unlikely you’ll be able to get the best rates available from a lender.
Get hold of a free copy of your credit file and see if there are any ways you could improve your credit rating.
Are there any fees involved in remortgaging?
You should always factor in the fees you’ll need to pay before remortgaging, which can include:
Arrangement fees: Most mortgages have arrangement fees which range from around £100 up to a couple of thousand pounds. Mortgage deals with the keenest rates tend to have the highest fees.
Legal fees: You might have to pay for a solicitor to take care of any legal matters if you’re looking to remortgage with a different lender.
Admin fees: The lender might charge for the cost of setting up your remortgage.
Valuation: You’ll need to have your property valued so the lender can see its current market value – to check the loan-to-value ratio of the mortgage is correct.
Remortgaging guides and expert tips
Our expert says…
Remortgaging could save you up to £5,515^, but consider all your options
While the interest rate is important, it is not the only consideration.
You should also look into how long you’ll be locked into a new deal and what the fees are, including any early repayment charges if you want to pay off the loan early, or if you want to move again in the near future.
Ashton Berkhauer Home & Utilities Expert
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MoneySuperMarket has won the Feefo Platinum Trusted Service Award, an independent seal of excellence, which recognises businesses that consistently deliver a world-class customer experience.
How to remortgage with MoneySuperMarket
Can you remortgage early?
Yes, but it will depend on the terms and conditions of your existing mortgage – and may work out as more expensive. Many mortgages have early repayment charge, which can mean it’s cost-prohibitive to remortgage before the end of the introductory period.
But even if you’re locked into a deal, you don’t have to wait before looking at alternatives. From three to six months before the deal expires, you can have a remortgage in place ready to go.
Can I remortgage with a different lender?
Yes, you’re free to remortgage with a different lender if you wish. You don’t have to use your current lender, but you may have to pay a penalty if you’re still on your initial deal. However, if your mortgage has ended or is about to expire, you can opt for another lender with no extra fees.
Can I remortgage as a self-employed worker?
Yes, you should be able to remortgage if you’re self-employed. Bear in mind, though, that the process may be a bit more difficult, as lenders could find it more challenging to assess your incomes and financial situation. You can boost your chances of taking out a new mortgage by showing:
A good credit score – this will act as evidence that you can manage your finances and have a good history of paying your bills on time.
Proof of income – generally, you will need to provide at least three years of financial records, which will then need to be undersigned by an accountant. You could also show evidence of your earnings on an SA302 tax calculation form.
Healthy workflow – to prove present and future flow of income, you can show your lender both a healthy client list and an agenda of any current or upcoming jobs.
Do I need a solicitor to remortgage?
Use of a solicitor is not necessary, but it can take the worry out of making sure that the deeds of the mortgage are safely transferred to the new lender. Fortunately, most remortgages include a free legal package, so your lender will take on the cost of the solicitor.
Remortgaging is also generally more straightforward than a new mortgage, so any costs incurred should be lower.
Do I have to get my house valued when I remortgage?
It depends on your circumstances. Usually, you will need a new house valuation if you decide to change lender. If you’re staying with your current lender, however, there is a chance you won’t need a new valuation. Make sure to check with them whether it’s required or not.
How can I remortgage to release equity?
Remortgaging to release equity means borrowing more than with your existing mortgage. If you’re nearing the end of your current deal, you could look to remortgage for a larger amount, but this will depend on your affordability and what percentage of the property’s value you are looking to borrow. If you can’t or don’t want to change your initial mortgage, alternatives include taking out a second mortgage on the property.
What information will I need to remortgage?
Your lender will ask you to gather a few documents to complete a remortgage. These might include:
Your last three months' bank statement
Your last three months' pay slips
Your last two to three years' accounts/tax returns if self-employed
Your latest P60 tax form (showing income and tax paid from each tax year)
Passport or driving licence
Proof of address, through utility/council tax bills
How much does remortgaging cost?
The main cost of your remortgage will be decided by the interest rate your lender sets. They’ll usually decide this by considering your loan-to-value ratio and credit history.
Is there an age limit for remortgaging?
It depends on the mortgage provider, as each lender will have their own specific policies and age limits. Therefore, it is wise to get in touch and check with any provider that you’re considering. Some lenders may have a maximum age for starting a mortgage, whereas others could have a maximum age for when the deal ends.
Can I remortgage my interest-only mortgage?
Yes, you can. Some lenders will let you remortgage on the same interest-only terms. They might also offer you a new deal.
It’s also worth considering your situation again. For example, if your property has since increased in value, your loan-to-value (LTV) ratio will be lower – meaning you could get a lower rate by switching.
Consider the fees
Remember to always factor additional fees into the overall cost of any deal. Even if a lender is offering a seemingly unbeatable rate, steep fees could mean that it actually works out to be more cost-effective to opt for a higher rate with much lower fees or no fee at all.
The best remortgage rate for you depends on how much you are looking to borrow. A high fee is often worth paying in order to secure a low interest rate if you are applying for a large mortgage. But those with smaller mortgages could be better off opting for a higher rate and lower fee.
However, while this is the general rule, you need to work out the total cost over the term of the deal. For example, if you are going for a two-year fixed rate, you need to work out the cost of your repayments over the term. You can do this by finding out what the monthly payment will be using our mortgage calculator – and then multiplying by 24. You then need to add on the arrangement fee to find out the total cost.
Credit history
You will likely find that you have more mortgage deals to choose from if you have a good credit history, so it’s worth making sure that your credit report is as good as it can be before applying for a remortgage. Paying off any outstanding borrowed credit you owe and making sure your current address is on the electoral roll can help to improve your credit score.
Save a deposit
The more money you can save as a deposit, the less you’ll need to borrow as a mortgage loan. What’s more, having a bigger deposit can help you get access to more competitive mortgage rates.
Lenders will often have a maximum loan-to-value ratio they’re prepared to offer you. Instead, the rest will need to be made up with either a deposit or an equity loan like the government's Help to Buy equity loan scheme.
Compare remortgage deals
Using a mortgage comparison tool can give you a better idea of how much you’d need to pay in monthly costs and interest, the duration of the deal, the maximum LTV, and any product fees you may need to pay for the remortgage deals available based on your borrowing requirements.
It’s important to remember that the mortgage deals you’re offered when you go to make an application may differ because they will then be influenced by your financial situation and credit history.
Looking for mortgage advice?
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Reviewed on 22 Dec 2025 by
Annual saving based on re-mortgaging £229,228.92 from the highest Big 6 Lender Standard Variable Rate at 7.49% to a 5 year fixed Rate of 3.88% (APRC 5.6%), LTV 48.8%, less Fees (£995), details correct as at 08th November 2025
A repayment mortgage amount of £229,228.92 over 21 years, representative APRC 5.6%. Total amount payable £396,204.21 includes interest of £165,950.29 product fees of £995 and other fees of £30. Repayments: 62 months of £1,331.39 at 3.88% (fixed), then 190 months at 6.99% (variable). Early repayment charges apply.
YouGov Survey 1st July 2024 to 30th June 2025. Net Recommend score derived from “Which of the following online service websites would you recommend to a friend or colleague, or tell them to avoid?” Base: Current Customers of (MoneySuperMarket n=18,382, Compare the Market n=16,802, Go.Compare n=10,162, Confused.com n=8,229, Uswitch n=528).