Why Remortgage?
The main reason to remortgage is simple — to pay less interest on the amount you’re borrowing. When your current fixed-rate mortgage deal ends, your lender will usually switch you to their standard variable rate (SVR), which is typically much higher than the rate you were previously paying.
The Six-Month Rule
Our advice? Don’t wait until the last minute. You can begin searching for a new mortgage deal up to six months before your current one ends. We can secure a new deal based on today’s rates. And with our RATE TRACK service, if interest rates drop during that period, we’ll track the market downward — ensuring you complete your remortgage on the lender’s lowest available product at that time.
Capital Raising — More Than Just a New Deal
Remortgaging isn’t only about reducing your monthly payments. It’s also a way to release equity from your home to fund other goals. Here are some of the most common reasons our clients choose to raise capital:
Home Improvements
One of the most popular reasons to raise funds is for upgrading your home — whether it’s a loft conversion, house extension, new kitchen or bathroom, or transforming your garden into a dream space. If you have enough equity, you can borrow against your property to make it happen. Your advisor will guide you through the best options available.
Debt Consolidation
If you’re managing multiple credit cards, loans, or other monthly commitments, remortgaging to consolidate that debt can simplify your finances. By borrowing against your property, you may be able to reduce your monthly outgoings — but it's important to understand the risks. Securing previously unsecured debt means it will now be tied to your home and could cost more over time due to the extended term. Your advisor will explore this with you to make sure it’s the right decision.
Buy-to-Let Investment
You can raise funds to either purchase a new rental property outright or use the money as a deposit. Limited company buy-to-let arrangements have become increasingly popular for their potential tax efficiency. Many clients choose to remortgage their main residence to support the creation or growth of their property investment company.
Holidays
Some clients choose to fast-track their dream holiday by using funds released from a remortgage. While it can be a way to spread the cost over time, it's important to factor in the added interest, which increases the true cost of the holiday. Your advisor will help you understand the full picture before making a decision.
Weddings
Whether it’s your own wedding or your child’s big day, remortgaging can help cover the costs of creating those once-in-a-lifetime memories. Borrowing a little extra when switching your mortgage is a common way to support important life events.
Gifting to Family
Many parents and grandparents choose to release funds from their home to gift money to children or grandchildren — whether as a house deposit, wedding gift, or early inheritance as part of tax planning. Prefer not to gift it? You can also offer the money as a private loan, retaining the right to repayment. Speak to one of our advisors for tailored guidance.
Holiday Home
Whether in the UK or abroad, a holiday home can be a valuable retreat for you and your loved ones. You can raise funds for the deposit or, in some cases, cover the entire purchase with cash from your remortgage — giving you freedom to secure your home away from home.
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