What is a Remortgage?
Remortgage is the process of switching your existing mortgage to a new deal, either with your current lender or a different one.
At Trident Finance, we understand that remortgaging can be confusing. Whether you want to reduce monthly payments, raise additional borrowing or simply secure a better rate, our expert team is here to guide you every step of the way.
Lower monthly payments
freeing up extra cash for other expenses
Additional Borrowing
for home improvements or further investments
Switch to a better interest rate
potentially saving thousands over the term of your mortgage.
When to Remortgage – Timing Matters
Timing your remortgage correctly can save you money, reduce stress, and help you achieve your financial goals. Knowing the right moment ensures you get the best rates and terms available.
Your fixed-rate period is ending
avoid your mortgage reverting to a higher standard rate.
Interest rates have dropped
take advantage of lower remortgage rates UK.
Your financial situation changes
salary increase, decrease, or changes in expenses.
Key factors to consider when remortgaging
it’s important to ensure the new deal truly benefits your finances both now and in the long term.
At Trident Finance, we take the time to compare rates, fees and terms that can help you avoid unnecessary costs.
The right mortgage deal should support your future plans while keeping monthly payments manageable.
Interest rates
Compare fixed and variable rate options to find a balance between payment stability and potential savings.
Fees and charges
Consider early repayment charges, arrangement fees, valuation costs, and legal fees to understand the true cost of switching.
Mortgage term
Shortening your term can reduce overall interest, while extending it may lower monthly repayments.
Credit score impact
Your credit history affects both your eligibility and the interest rates lenders are willing to offer.
Lender flexibility
Look for features such as overpayments, payment holidays, or flexible repayment options.
Property value & equity
Your home’s value and available equity influence the deals you can access and the rates you may qualify for.
Use our mortgage calculators
A Quick and simple way to estimate your monthly mortgage payments in just a few clicks.
Your property maybe repossessed if you do not keep up repayments on your mortgage.
Frequently asked questions
Trident Finance provides expert mortgage advice, compares deals on your behalf and supports you from start to finish.
You should consider remortgaging when your fixed-rate period is ending, interest rates have dropped, or your financial circumstances have changed.
Yes, this is known as a product transfer. It can be quicker and involve fewer fees, but it’s still worth comparing other lenders to ensure you’re getting the best deal.
Remortgaging can potentially reduce monthly payments or total interest paid, but savings depend on interest rates, fees, and your mortgage term. Professional advice helps ensure it’s worthwhile.
Get expert remortgage advice tailored to your needs. We’ll compare deals, explain your options clearly, and help you secure the right mortgage with confidence.
