Remortgaging is when you switch your current mortgage to a new deal, either with your existing lender or a new one. It can help you save money, release equity, or simply find a product that better suits your current needs.

Many people stick with their original mortgage for too long and end up paying more than they should. Reviewing your mortgage regularly — especially when your fixed term is ending — can lead to significant financial benefits.

You may have to pay an early repayment charge to your existing lender if you remortgage.

Why You Should Consider a Remortgage

Save Money with Better Rates

When your initial mortgage deal ends, you usually move onto your lender’s standard variable rate (SVR), which is often much higher. Remortgaging can help you secure a lower interest rate, reducing your monthly payments and saving you thousands over the mortgage term.

Change the Type or Term of Your Mortgage

Your needs change over time, and so might your mortgage. Remortgaging allows you to move from interest-only to repayment (or vice versa), change the term length, or lock in a fixed rate for peace of mind.

Consolidate Existing Debts

If you have high-interest loans or credit card debt, remortgaging to raise funds and consolidate your debts can reduce your overall monthly outgoings. It’s important to get the right advice here, as this involves securing debts against your home.

How Chatsworth Mortgage Group Can Help

At Chatsworth Mortgage Group, we take the time to review your current mortgage and financial position to see if a remortgage is right for you. We don’t just focus on interest rates — we look at fees, flexibility, and long-term benefits to ensure you’re making the most of your property.

Our advisers compare products from a wide range of lenders to find deals that match your goals, whether you’re looking to save money, access equity, or restructure your finances. We’ll explain everything in plain English, so you understand your options without jargon or confusion.

If you’re tied into a fixed-rate mortgage and unsure whether switching early makes sense, we’ll calculate the costs and benefits so you can make an informed decision. We also handle the paperwork, applications, and communication with lenders to keep things moving efficiently.

With Chatsworth Mortgage Group, you get clear advice and full support from start to finish — helping you make smart, timely choices that keep your finances on track and your mortgage working for you.