How to remortgage your home: A guide to finding the best 取引，協定 and switching 貸す人s when your 直す／買収する，八百長をするd 率 ends

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Buying a home is the biggest 購入（する） most people make. Most 要求する a mortgage to do it and breathe a sigh of 救済 once that's sorted.

But time 飛行機で行くs and with Britain's favourite mortgages 存在 two and five-year 直す／買収する，八百長をするd 率s, many homeowners find their 取引，協定 is ending and it's time to remortgage sooner than they think.

At that point it is time to 急落（する），激減（する） 支援する into a mortgage world that many of us know little about - and with 利益／興味 率s now much higher than they've been for many years - to make sure you get remortgaging 権利 and move to the best possible new 直す／買収する，八百長をするd 率 or other 取引，協定.

The Bank of England has raised its base 率 from 0.1 per cent to 5.25 per cent since December 2021 and?mortgage 率s have risen 速く.

- Check out our guide: What next for mortgage 率s here.

重要な 購入（する）: Buying a home and servicing the mortgage is most peoples' biggest 財政上の かかわり合い, so it is important to make sure you are always on the best possible 取引，協定

This guide explains what you need to know about remortgaging,?含むing whether to move bank or building societies, why using a 仲買人 makes sense, how to get your home revalued, why you might be in a better 貸付金-to-value bracket, and thinking about how long to 直す／買収する，八百長をする your mortgage for this time 一連の会議、交渉／完成する.

What is remortgaging?

When you climb の上に the 所有物／資産／財産 ladder your mortgage becomes your biggest 去っていく／社交的な for years to come as you 返す the 貸付金 over a 始める，決める period of time - typically 30 years nowadays.

But most mortgages sold in Britain come with an 初期の low 率, 直す／買収する，八百長をするd for perhaps two or five years, and then 逆戻りする to a bank or building society's more expensive 基準 variable 率.?

So, while a borrower might 調印する up to a mortgage with a 30-year 称する，呼ぶ／期間／用語, staying on the same 取引，協定 and with the same 貸す人 for that entire period is usually a bad idea.??

Just like with energy 法案s or broadband, the mortgage 普通は needs to be 新たにするd when a 直す／買収する，八百長をするd-称する，呼ぶ／期間／用語 取引，協定 ends, ーするために 避ける the borrower 落ちるing on to a more expensive variable 関税.

This is what is know as remortgaging - taking out a new mortgage to 取って代わる your 存在するing one on the same 所有物／資産／財産.?

Remortgaging 許すs borrowers to shop around and find a cheaper 利益／興味 率, or a mortgage that better 控訴s their circumstances - and it can 許す them to borrow more against the value of their home, perhaps to 基金 an 拡張.

What is a mortgage 基準 variable 率?

The 普通の／平均（する） 基準 variable 率, known as an SVR, is much more expensive than the typical two or five-year 直す／買収する，八百長をするd mortgage 率.?

Depending on how much 公正，普通株主権 a borrower has in their home and when they took out their 現在の mortgage, it could be two or even three 百分率 points higher.

The advantage of an SVR is that there are usually few 財政上の 刑罰，罰則s if you need to 支払う／賃金 off the mortgage 早期に or move home before the 称する，呼ぶ／期間／用語 ends. 直す／買収する，八百長をするd 率s, in contrast, tend to lock borrowers in with 早期に 返済 告発（する），告訴（する）／料金s during the 取引，協定 period.

Unless you think there is a good chance you will need to move home or （疑いを）晴らす your mortgage within the 直す／買収する，八百長をするd or other special 取引，協定 period, remortgaging to another 直す／買収する，八百長をするd 率 is usually the way to go.??

Why should you remortgage?

Remortgaging is the 過程 of moving the mortgage on your 存在するing 所有物／資産／財産 from one 貸す人 to another, or changing your home 貸付金 with your 存在するing bank or building society.

The most obvious 推論する／理由 for doing this is to save yourself money and to 避ける 落ちるing の上に your 貸す人's higher SVR - where you would remain until you did remortgage.

Even if 直す／買収する，八百長をするd mortgage 率s are more expensive today than when you took out your 存在するing 直す／買収する，八百長をするd 取引，協定, it still almost always 支払う／賃金s to remortgage instead of dropping on to the SVR.?

Another incentive for remortgaging is the fact that over time a homeowner will build up 公正，普通株主権 within their 所有物／資産／財産.

For example, when someone buys a home with a 10 per cent deposit and a 90 per cent mortgage, they have 10 per cent 公正，普通株主権.

As they 返す the mortgage, they build up greater 公正，普通株主権 within the 所有物／資産／財産, whilst the 百分率 効果的に owned by their mortgage 貸す人 減ずるs.

Once a borrower has moved from having 10 per cent 公正，普通株主権 in the home to 15 per cent, for example, this could open the borrower up to cheaper mortgage 取引，協定s.?

These levels of 公正，普通株主権 手段 by the size of the mortgage vs the 所有物／資産／財産's value are known as 貸付金-to-value. 貸す人s will have different 率s at 変化させるing 貸付金-to-value levels, ie 90 per cent 貸付金-to-value, 75 per cent 貸付金-to-value and 60 per cent 貸付金-to-value.

Remortgaging can also help if you want to 支払う／賃金 off a large chunk of your mortgage, perhaps because you have come into an 相続物件 or received a large 特別手当 from work.

The 大多数 of 直す／買収する，八百長をするd-率 mortgage 取引，協定s 許す borrowers to make overpayments 量ing to 10 per cent of the total 優れた 量 each year without incurrin g 早期に 返済 告発（する），告訴（する）／料金s. Some are more 柔軟な whilst others may be more 制限する.

早期に 返済 告発（する），告訴（する）／料金s typically 範囲 between 1 and 5 per cent of the total mortgage 量.?

If you want to （疑いを）晴らす more than that, when your 存在するing mortgage is up for 再開 it is a good time to make a larger overpayment without 危険ing 告発（する），告訴（する）／料金s.

Expensive: For most, remortgaging is a way to 避ける 支払う／賃金ing more than you need to - for example of if you unknowingly 減少（する） on to your 貸す人's 基準 variable 率

Remortgaging to 解放（する） money from your home?

Remortgaging can also be a way to 解放（する） money from your home. It is?often used by those who have built up かなりの 公正，普通株主権 from house price 評価 and making 月毎の 返済s and want to use the cash to do something.

Remortgaging 許すs you to take advantage of this 伸び（る）, enabling you to 解放（する） some money fo r things such as home 改良s, or 支払う／賃金ing off other more expensive 負債s.?

This will 増加する your 月毎の 支払い（額）s and the 量 of 利益／興味 you 支払う／賃金 over time.??And, of course, it is only possible if you can afford the extra mortgage 量 要求するd based on your 現在の 後継のs and 去っていく／社交的なs.?

David Hollingworth, associate director at mortgage 仲買人 L&C Mortgages says: 'Keeping your mortgage under の近くに review throughout its lifetime can 削除する the total cost of the borrowing.?

'There are thousands of 取引，協定s on the market so it makes sense to shop around to get the best 取引，協定 on what is often the biggest 去っていく／社交的な.'

Best mortgage 率s and how to find them

Mortgage 率s have risen 大幅に after the Bank of England's raised base 率 速く.

The Bank is now 持つ／拘留するing 率s and 推定する／予想するd to 削減（する） - 主要な to mortgage costs coming 負かす／撃墜する - but 取引，協定s remain far more expensive than two or five years ago.?

If you are looking to buy your first home, move or remortgage, or are a buy-to-let landlord, it's important to get good 独立した・無所属 mortgage advice from a 仲買人 who can help you find the best 取引，協定.?

To help our readers find the best mortgage, This is Money has partnered with 独立した・無所属 料金-解放する／自由な 仲買人 L&C.

Our mortgage calculator?力／強力にするd by L&C?can let you filter 取引，協定s to see which ones 控訴 your home's value and level of deposit.

You can also compare different mortgage 直す／買収する，八百長をするd 率 lengths, from two-year 直す／買収する，八百長をするs, to five-year 直す／買収する，八百長をするs and ten-year 直す／買収する，八百長をするs, with 月毎の and total costs shown.

Use the 道具 at the link below to compare the best 取引，協定s, factoring in both 料金s and 率s. You can also start an 使用／適用 online in your own time and save it as you go along.

> Compare the best mortgage 取引，協定s?利用できる now

When to remortgage

For homeowners approaching the end of their 存在するing 直す／買収する，八百長をするd 取引，協定, it can be 決定的な to 計画（する） ahead and lock in a new mortgage 申し込む／申し出 at the earliest 適切な時期.

This is 特に true at the moment, when mortgage 率s are rising and are 予測（する） to continue going up as the Bank of England raises 利益／興味 率s to 戦闘 high インフレーション.?

Many borrowers don't realise that they can often 適用する up to six months before their 現在の 取引，協定 ends to 安全な・保証する a new one and lock in the 率.?This is because 貸す人 申し込む／申し出s are typically valid for between three and six months.

Locking in a new 申し込む／申し出 ahead of your 存在するing mortgage 取引，協定 満了する／死ぬing will mean you can move seamlessly from one mortgage to another without ever 落ちるing の上に the SVR.?

One tip that 仲買人s often give is to 追加する 協定 料金s to the mortgage, as they are then not paid until it is taken out. This means you can lock in a new 直す／買収する，八百長をするd 率 mortgage in 前進する at no cost and only 支払う／賃金 料金s if you take it out.

Knowing 正確に／まさに when your 現在の 取引，協定 ends is 決定的な, because leaving a 直す／買収する，八百長をするd mortgage too 早期に can result in 早期に 返済 告発（する），告訴（する）／料金s.

It may not be as simple as 存在 正確に／まさに two or five years from when the mortgage started.

Some 貸す人s, such as 全国的な, will 直す／買収する，八百長をする for a number of years from the start date of the mortgage - also known as the 完成 date.

However, many 直す／買収する，八百長をするd 率 取引，協定s are 直す／買収する，八百長をするd to a 確かな date, so it might be that you find you have either more or いっそう少なく time than you 最初 thought you had left to run on your mortgage.

You'll be able to find this date on your mortgage 申し込む／申し出 letter or by 接触するing your 貸す人. A mortgage 仲買人 may also be able to advise you on this.

Pencil in the date: It is advisable to know when your 現在の mortgage is up for 再開 - and this might not be on 正確に／まさに the same date that you started it

Should I stay with my 現在の 貸す人 or switch?

Often it 支払う／賃金s off to move bank or building society, as the one you are with may not 申し込む／申し出 the best or cheapest mortgage for you anymore.

It is 価値（がある） getting the help of a mortgage 仲買人 to do this, as they can compare 取引，協定s across the market and will know which ones would be 権利 for you. They can also help you decide whether to 直す／買収する，八百長をする your mortgage 率 and how long for.?

Mortgage 仲買人s earn money through （売買）手数料，委託（する）／委員会／権限 but some also 告発（する），告訴（する）／料金 （弁護士の）依頼人s 料金s, while others are 料金-解放する／自由な. This is Money's 長年の mortgage 仲買人 partner is London & Country, it 申し込む／申し出s a 料金-解放する／自由な service. Find out more and compare mortgage 率s with the This is Money mortgage service.?

いつかs it will make sense to stick with your 現在の 貸す人 rather than remortgage to another 貸す人.?This is what is known as a 製品 移転 in the mortgage world. You 簡単に move from one mortgage 製品 to another 製品 with the same 貸す人.

It may even be that your 現在の 貸す人 is 申し込む／申し出ing the best 利用できる 取引，協定. On 最高の，を越す of that a 製品 移転 also 許すs you to skip 付加 料金s - you won't typically have to 支払う／賃金 for 合法的な and valuation costs.

It can also be faster than a remortgage, which could be important if you have already slipped の上に a 基準 variable 率.??

A 製品 移転 will typically take a 事柄 of days whilst a remortgage can take weeks or even months to 完全にする.

However, it's always 価値（がある） looking into remortgaging as the chances are you'll find a better 取引，協定 by shopping around.?

A mortgage 仲買人 will help you understand the 利益s of each 選択, and give you an overview of 取引，協定s across the whole market, 反して your 貸す人 will only be able to 申し込む／申し出 you its own 取引，協定s.?

What do I need to have ready before I remortgage??

Waiting for a mortgage 申し込む／申し出 can be a 非常に長い experience as you go 支援する and 前へ／外へ with the 貸す人 over questions and 文書s.

Having all your documentation ready in 前進する will save time and make the 過程 いっそう少なく painful.?

The 文書s you will need 含む your 最新の three months' bank 声明s, 同様に as proof of 身元 (パスポート or drivers license) and proof of 演説（する）／住所 (公共事業（料金）／有用性 法案).

If you are fully 雇うd, you'll need your last three months' payslips and your 最新の P60. If you're self-雇うd, you'll need your last two to three years of 税金 returns.

You may not be 要求するd to 供給する all this （警察などへの）密告，告訴（状） to the 貸す人, but it is better to have too much than too little. The 貸す人 will 確認する 正確に／まさに what is 要求するd once the 使用／適用 is made.

In 前進する of remortgaging it would also be wise to check your credit とじ込み／提出する, making sure you have no errors or 問題／発行するs that might lead a 貸す人 to 拒絶する your 使用／適用.??

A credit 報告（する）／憶測 shows a 名簿（に載せる）／表（にあげる） of a person's credit accounts, such as bank accounts, credit cards, 公共事業（料金）／有用性s and mortgages.

It will also 陳列する，発揮する their 返済 history, 含むing late or 行方不明の 支払い（額）s.?

When a person 適用するs for a 貸付金 or mortgage, the 貸す人 will look at their credit 報告（する）／憶測 on 最高の，を越す of their proof of income and bank 声明s.??

They will carry out a credit check, often leaving a 記録，記録的な／記録する on the person's credit とじ込み／提出する which can in some 事例／患者s be 明白な to other 貸す人s.?They will often also 適用する their own credit 得点する／非難する／２０ to your 使用／適用.

How to work out what your home is 価値（がある）??

Mortgage 貸す人s will do their own valuation before agreeing to lend you money, but before that it is also sensible to find out how much your home is 価値（がある）.

You will need to 服従させる／提出する an idea of your 所有物／資産／財産's value when you 適用する for the remortgage and it 影響する／感情s the 貸付金-to-value and 率 you 支払う／賃金. It doesn't have to be too 正確な, the 貸す人 will check this 経由で its own valuation.

You can find out やめる a bit online by checking asking prices of homes for sale and the Land Registry Database of sold prices, Rightmove sold prices and Zoopla to get an 指示，表示する物 of what a 類似の home in your area would cost. You could also 接触する 広い地所 スパイ／執行官s to 供給する a 解放する／自由な valuation.?

Know your house price: People will tend to have an idea of what the 地元の market prices look like, although their valuation will be checked by the mortgage 貸す人?

What are the costs 伴う／関わるd in remortgaging?

Remortgaging can come with a number of 追加するd costs.

協定 料金

Firstly, some mortgage 取引，協定s 含む an 協定 料金. These are 料金s 貸す人s 告発（する），告訴（する）／料金 borrowers for setting up their mortgage, and they 範囲 from nothing at all to £2,000.

But 同様に as covering the 貸す人s' costs, they essentially 行為／法令／行動する as a '最高の，を越す-up' 利益（をあげる） on mortgages with lower 率s.?

いつかs, the same 貸す人 will 申し込む／申し出 a number of 製品s, for example, one with a 料金 and one without.?The one with a 料金 will have a lower 利益／興味 率.?

But it is important to calculate your mortgage costs with this up-前線 支払い（額） 含むd, as the bigger 料金 could 結局最後にはーなる making you worse off.

You can choose to 追加する the 料金 to the mortgage or 支払う／賃金 it off すぐに, but mortgage 仲買人s typically advise you don't 支払う／賃金 the 料金 upfront, just in 事例／患者 the mortgage doesn't 結局最後にはーなる going ahead.

Hollingworth says: 'Remortgaging can save hundreds per month, but it's important not to be drawn 単独で to the lowest 利益／興味 率.?

'協定 料金s can make a serious dent in any 貯金, 特に for those with smaller mortgages, so it makes sense to factor all costs in to find the best 全体にわたる value for your individual circumstances.'

There may also be a 非，不，無-refundable 調書をとる／予約するing 料金 at the point of 使用／適用 - typically 範囲ing between £100 and £250.

仲買人 料金s?

If you are using a mortgage 仲買人, you may need to 支払う／賃金 extra for their services. However, there are now a large number of 解放する／自由な online mortgage 仲買人s that mean you can 避ける doing so.

Mortgage 仲買人s are paid （売買）手数料，委託（する）／委員会／権限 by the 貸す人 - this is typically about 0.35 per cent of the total mortgage value.

For those who choose to use a mortgage 仲買人 that also 告発（する），告訴（する）／料金s a 料金, you can typically 推定する／予想する to 支払う／賃金 a 直す／買収する，八百長をするd 料金 of between £500 and £1,000.

In some 事例／患者s 仲買人s 告発（する），告訴（する）／料金 a 百分率 of the mortgage 量. That can 開始する up, 特に if you have a large mortgage. For example, 1 per cent on a £500,000 mortgage would equate to a £5,000 料金.

Alternatively, you can use a 料金-解放する／自由な 仲買人. Find out about This is Money's mortgage partner L&C's service here.?

料金s: If you are using a 仲買人, you may need to 支払う／賃金 for their services - but there are also plenty that do not 告発（する），告訴（する）／料金 顧客s?

Valuation and 合法的なs?

There could also be a valuation 料金 and some 合法的な 料金s to take into account.

The mortgage valuation is only to 査定する／（税金などを）課す that the 所有物／資産／財産 is something that fits within the 貸す人's lending 基準, and that the 量 存在 paid 代表するs market value.

A mortgage valuati on 料金 can 変化させる depending on the value of the 所有物／資産／財産. It will typically cost between £100 and £400, but in many 事例／患者s it will be 申し込む／申し出d for 解放する／自由な as part of the mortgage 取引，協定. If a 料金 is 含むd, you will need to 支払う／賃金 this upfront.

Some basic 合法的な work is also 要求するd to 支払う／賃金 off the 現在の mortgage, 除去する the 初めの 貸す人 from the 所有物／資産／財産 肩書を与える and 取って代わる it with the new 貸す人.?

However, in most instances the basic 合法的な work will be 含むd for 解放する／自由な as part of the mortgage 取引，協定, or some cashback will be made 利用できる to cover costs.

The 解放する／自由な service is very basic, so if any 付加 work is 要求するd, such as 追加するing or 除去するing a partner from the mortgage, then you may be 要求するd to 支払う／賃金 extra.

What are the affordability checks for a remortgage?

When it comes to remortgaging, the affordability checks are just the same as when you take out a mortgage in the first place.

At 現在の, 貸す人s are 制限するd by mortgage affordability 指導基準s designed to 妨げる people from financially overstretching themselves.

These 指導基準s were 恐らく relaxed last year when the Bank of England dropped its 必要物／必要条件 for 貸す人s to carry out affordability 強調する／ストレス 実験（する）ing.?

This had 以前 meant borrowers had to 証明する they could still afford their mortgage 返済s if their mortgage 率 was to 増加する to 3 per cent above their 貸す人's 基準 variable 率.

But even though it is no longer 要求するd, many 貸す人s are still carrying out 強調する／ストレス 実験（する）s against hypothetical 利益／興味 率 rises of different sizes, によれば mortgage 仲買人s.

The other element of affordability is the 貸付金-to-income-割合.

This is a cap on the 量 banks can lend based on 年次の salaries. This does not cap individual 貸付金s, some can go above this, but 限界s the 量 of mortgages that can be written at high 多重のs.

This means banks continue to place a 限界 on the number of mortgages they can 申し込む／申し出 where someone is borrowing more than 4.5 times their salary.

Ultiamtely, affordability 実験（する）s will 変化させる from one 貸す人 to another, as will their 適格（性） 基準. They will review your 逮捕する income, your 去っていく／社交的なs and 月毎の 支出 同様に as the basic living costs of your 世帯.

This could mean you 結局最後にはーなる 存在 able to borrow いっそう少なく than the 最大限 income 多重の depending on your other 去っていく／社交的なs.

貸す人s will each have a different approach to individual circumstances, whether it is the type of income they can 受託する or their approach to lending on a 明確な／細部 所有物／資産／財産 type.?

Going to the wrong 貸す人 could result in the 使用／適用 failing, even though another 貸す人 would be more 柔軟な.

This is why mortgage 仲買人s can be 価値（がある） their 負わせる in gold. It is their 職業 to not only find you the cheapest 取引，協定, but also to match you with a 貸す人 that won't 結局最後にはーなる 拒絶するing your 使用／適用.

Higher or lower: By 縮めるing or lengthening the mortgage 称する，呼ぶ／期間／用語 you alter your 月毎の 返済s. This could save you money in the short 称する，呼ぶ／期間／用語 but cost you more in the long run