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Should you remortgage now or wait? Calculate break-even point, equity release, and monthly savings. Compare your current deal to the best rates. Free UK tool.
Calculate Your SDLT — FreeMost people remortgage when their fixed rate ends, as they'll revert to the lender's Standard Variable Rate (SVR) which is usually much higher. You can start the process 3-6 months before your deal expires. Our calculator shows whether switching early (with an ERC) or waiting saves more.
Typical costs include an arrangement fee (£0-£1,999), valuation fee (often free), legal fees (£300-£1,000, sometimes covered by the lender), and potentially an Early Repayment Charge if you're still in a fixed term. Our calculator includes all fees in the break-even analysis.
An ERC is a penalty for leaving your mortgage deal before the fixed or discounted period ends. It's usually a percentage of the outstanding balance — typically 1-5% — and often reduces each year. For example, 3% in year 1, 2% in year 2, 1% in year 3.
Yes — if your property has increased in value, you can borrow more than your current balance and take the difference as cash. Most lenders allow up to 75-85% LTV. This is common for portfolio investors using equity from one property to fund a deposit on the next.
Two-year fixes are typically cheaper but you'll need to remortgage again sooner (incurring fees). Five-year fixes cost slightly more but give you payment certainty and fewer transactions. If you think rates will fall further, a 2-year fix lets you switch sooner. Our calculator compares both options.