Rated Excellent 4.8 out of 5 rating
Save an average of £353 a month* when comparing remortgages
Average savings based on Mojo Mortgages residential remortgage sales data compared to the average standard variable rate (SVR) in May 2025. Actual savings will depend on individual circumstances.
You might want to remortgage if:
"Remortgaging can be a smart way to save money or unlock better terms, especially if your current deal is ending. Acting early gives you time to explore your options and avoid slipping onto your lender’s standard variable rate, which is often significantly higher."
The ideal time to remortgage is around 3-6 months before your current deal ends.
This is because it can take a while for your remortgage application to be reviewed. Contacting a broker or lender in advance prevents the risk of you moving on to your lender's (usually more expensive) SVR.
Most mortgage deals are valid for 6 months, so make sure you're switching at the point your deal expires rather than any earlier to avoid early repayment charges.
From the date you make an application, the remortgage process typically takes between 4 to 8 weeks. But that timeframe isn't a guarantee for everyone, as some may experience delays.
Generally, remortgaging your home is faster than buying a property. It could be even faster if you’re staying with your current lender and you’re not looking to borrow extra.
If you're switching deals, start the remortgaging process early to avoid moving to your lender’s typically pricier SVR when your current deal ends.
Are a type of loan used to buy a property. The mortgage is secured against the value of the property. <style> </style>
Are designed to help give you that first step on the housing ladder. <style> </style>
Are where you only pay back the interest each month. When your mortgage term comes to an end, you still owe exactly what you borrowed at the start.
Aren't that different from a regular mortgage. But there are some important differences.
You can remortgage to release equity in your home to allow you to borrow more than what you currently own on your existing mortgage.
Whether you can remortgage to a larger mortgage depends on your affordability and the LTV ratio you're looking to borrow.
Alternatively, you can look into taking out a second mortgage which means you keep your existing mortgage and take out another one. But this does mean you'll have to keep up with 2 loan repayments on the same property.
You may be able to remortgage if you're self-employed. But you need to evidence that you're earning enough to cover the loan repayments, normally via providing a few years of full accounts or SA302 end-of-year tax calculations.
Certain lenders are also more flexible with self-employed applicants. Mojo Mortgages may be able to help identify which banks and building societies are best suited for your circumstances.
You may be able to remortgage if you have bad credit. Some lenders offer bad credit mortgages but it normally depends on the severity of your credit issues.
There are specialist brokers who deal with adverse credit, and might be able to help you find a lender that can consider your application.
Different mortgage lenders have different age limits, so it’s best to check with yours first if you want to remortgage.
Some may have an age limit for starting a mortgage and others for when the mortgage term comes to an end.
There are also a few lenders who don't have any age restrictions.
YOU SHOULD THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME/PROPERTY. YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
The Financial Conduct Authority does not regulate mortgages for commercial or investment buy-to-let properties.
Confused.com is not a mortgage intermediary and makes introductions to Mojo Mortgages to provide mortgage solutions.
Confused.com and Mojo Mortgages are part of the same group of companies.Confused.com 2nd Floor, Greyfriars House, Greyfriars Road, Cardiff, CF10 3AL, United Kingdom. Confused.com is a trading name of Inspop.com Limited and is authorised and regulated by the Financial Conduct Authority. FRN 310635
Mojo is a trading style of Life's Great Limited which is registered in England and Wales (06246376). We are authorised and regulated by the Financial Conduct Authority and are on the Financial Services Register (478215). Mojo’s registered office is The Cooperage, 5 Copper Row, London, SE1 2LH.
To contact Mojo by phone, please call 0333 123 0012.
cookie usage
We use cookies, some of which are essential to make our website work. For us to use our non-essential cookies, we need your consent. You can consent by accepting all or alternatively, manage your cookies at any time. For more information, read our cookie policy.
