Remortgage Advice London
Independent whole-of-market remortgage advice — comparing 90+ lenders to find the right deal for your circumstances.
Get Free Remortgage AdviceWhen to Start the Remortgage Process
The optimal time to begin reviewing your remortgage options is six months before your current deal ends. Most lenders allow you to lock in a new rate up to 6 months in advance of your deal completing. This means you can secure today's rate while remaining protected if the market moves against you.
If rates fall between now and your deal start date, you can in most cases reassess and switch to a better deal before completion. You gain the security of a locked rate with the optionality to improve it.
If you wait until after your deal ends and roll onto your lender's Standard Variable Rate (SVR), you will typically be paying significantly more than necessary — SVRs in 2026 typically sit 1.5–2% above the best available fixed or tracker rates.
Important reminder
If you don't know when your current deal ends, check your original mortgage documents or call your lender. We can also help you find out. Starting the remortgage process early is always better than leaving it until the last minute.
How the Remortgage Advice Process Works
Review your current position
We review your existing mortgage — outstanding balance, current rate, deal end date, and any early repayment charges. We check your current LTV based on today's property value, which may have moved since you last remortgaged.
Market research across 90+ lenders
We search the full market for the most suitable products — comparing rates, fees, features, and total cost over the deal term. We also obtain your current lender's retention offers so you have a complete comparison.
Recommendation and rate lock
We present our recommendation with full cost modelling — total amount paid over the deal term including all fees. If you're happy to proceed, we lock in the rate with the chosen lender.
Application and legal process
If switching lenders, we submit the full application. Most remortgages include a free legal service provided by the new lender. We manage the application and keep you updated throughout.
Completion — seamlessly
Your new mortgage completes on the date your existing deal ends — with no gap and no time on the Standard Variable Rate. We handle the timing to make this as smooth as possible.
Fixed vs Tracker: The 2026 Decision
One of the most common questions we receive from remortgaging clients is whether to fix or track in 2026. The Bank of England base rate has been on a gradual downward path following the inflation surge of 2022-2023, and many economists forecast further modest reductions over 2026-2027.
Fixed rate — right if you need certainty
- ✓ Payment stays the same for the fixed term
- ✓ Budget certainty — no surprises
- ✓ Protection if rates rise
- — You don't benefit if rates fall
- — Early repayment charges if you want to exit
Tracker rate — right if you want flexibility
- ✓ Benefit immediately if base rate falls
- ✓ Often no early repayment charges
- ✓ Can switch to a fix later
- — Payment can rise if rates increase
- — Less certainty for budgeting
The right choice depends on your individual circumstances, risk tolerance, and the current differential between products. We present both options with full cost modelling so you can make an informed decision.
Remortgage Costs Explained
Product/arrangement fee
£0–£2,000 depending on the deal. Some remortgage deals are fee-free; others have a product fee. We compare total cost including fees — not just headline rates.
Legal fees
When switching lenders, most deals include a free legal service provided by the new lender. You can choose your own solicitor but typically the free service is adequate for a standard remortgage.
Valuation fee
Most remortgage deals include a free basic valuation. We ensure the valuation instruction is placed quickly to avoid delays.
Early repayment charge
If remortgaging before your current deal ends, your existing lender may charge an ERC — typically 1–5% of the outstanding loan. We calculate whether the saving justifies this cost.
What You Need to Know About Remortgaging in London 2026
The remortgage market in 2026 presents genuine opportunities for London homeowners. After the rate volatility of 2022–2024, the market has stabilised and lenders are competing actively for remortgage business. For borrowers coming to the end of fixed-rate deals arranged during the higher-rate period, there are often better deals available — though the improvement depends heavily on your current LTV, income, and the specific products you locked in.
One of the most valuable aspects of independent remortgage advice is LTV reassessment. London property values have generally appreciated over the last five years, meaning many homeowners who fixed at 75–80% LTV are now sitting at 60–70% LTV. Moving to a lower LTV band unlocks significantly better rates — the rate differential between 75% LTV and 60% LTV can be 0.3–0.5%, which on a £400,000 mortgage saves £100–£167 per month.
If you have built up significant equity in your London property, a remortgage is also an opportunity to release capital — for home improvements, debt consolidation, or other purposes. We model the total cost of any additional borrowing carefully, including the impact on your monthly payment and the total amount repaid over the new deal term, so you can make an informed decision.
Product transfers — staying with your existing lender on a new rate — are sometimes appropriate, but they should never be accepted without comparison. Your existing lender has no obligation to offer you a competitive rate, and in most cases a whole-of-market search will identify better value elsewhere. Even if the saving is modest, we provide the comparison so you can make a properly informed choice rather than defaulting to convenience.
The decision between two-year and five-year fixed rates remains highly individual. Five-year fixes offer certainty over a longer period and have historically offered slightly better rates during periods of uncertainty. Two-year fixes allow you to reassess sooner. We present both options with full cost modelling and outline the specific circumstances in which each makes sense for your financial position.
For London homeowners who have recently experienced changes in income — promotion, job change, becoming self-employed — the remortgage is also an opportunity to reassess affordability with your new income profile. Some lenders will allow increased borrowing at remortgage; others are more conservative. We identify the right lender for your current circumstances rather than working backwards from your existing lender relationship.
Remortgage FAQs
When should I start looking at remortgaging?
Start reviewing options six months before your current deal ends. Most lenders let you lock in a rate up to 6 months in advance, protecting you against rate rises while your existing deal continues. Starting early gives you time to compare properly without pressure.
Should I fix or track when remortgaging in 2026?
The right choice depends on your risk tolerance, budget flexibility, and view on rate movements. Fixed rates provide certainty; trackers may benefit if rates fall. We present both options with full cost modelling so you can make an informed decision based on clear numbers.
Can I borrow more money when I remortgage?
Yes — a further advance or equity release can be arranged at the same time as a remortgage. We assess how much additional borrowing is appropriate based on your income and circumstances, and compare the rate across the market for both parts of the loan.
Will I pay an early repayment charge if I remortgage early?
If you remortgage before your fixed or tracker deal ends, your lender may charge an ERC — typically 1–5% of the outstanding loan. We calculate the total cost including the ERC versus the saving from a better rate, and advise on whether it makes financial sense to move early.
How long does a remortgage take in London?
A like-for-like remortgage with a new lender typically takes 4–8 weeks from application to completion. A product transfer with your existing lender can be completed within days. We manage the timeline carefully to ensure you complete before your existing deal ends.
Is a product transfer with my existing lender ever the right answer?
Sometimes, yes — if your existing lender offers a genuinely competitive rate, a product transfer avoids legal costs and valuation requirements and completes quickly. But it should always be compared against the full market first. We do that comparison and present both options clearly.
Can I remortgage if my property value has fallen?
Falling property values increase your LTV, which may restrict lender options and rates. In most cases, remortgaging is still possible — lenders assess on current LTV. We identify lenders appropriate to your current LTV and advise on whether remortgaging or a product transfer makes more sense.
What happens if I do nothing and roll onto the Standard Variable Rate?
Your lender's SVR is typically 1.5–2% above the best available fixed rates in 2026. On a £300,000 mortgage, that difference costs £375–£500 extra per month. Rolling onto SVR for even a few months is expensive. We ensure your new deal is in place before this happens.
Important:
Your home may be repossessed if you do not keep up repayments on your mortgage.
Ready to find the right remortgage deal?
Free advice from Roger Cooper CeMAP — comparing 90+ lenders to find the right rate for your circumstances.
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