Switch up your mortgage deal
Find the latest rates to land the right remortgage deal for your needs.
Find your remortgage deal
There are many reasons to look at remortgaging your home. Maybe your current deal is coming to an end, you’ve started a new job, or maybe you’re just after a lower rate with different terms.
Whether you want to switch to a different mortgage or stay with your same lender but find a better deal, we’re here to help. With over 12,000 deals from 90+ lenders, our mortgage advisors explore every corner of the market to match you to a competitive remortgage deal.
Switch or stay, we'll find your right remortgage
Switching your mortgage, also known as remortgaging, is the process of moving the mortgage on your home from your current deal to a new deal.
This may be the obvious choice, though it's not your only option. You may choose to stay with the same lender, transferring your existing mortgage to an existing deal. It's called a product transfer, and gives you a few more options to switch and save. We can help work out what's right for you.
How does remortgaging work?
Get in touch with our team
It starts with a chat with one of our advisors. They’ll ask you a few quick questions, then get hunting for a competitive deal. They’ll also keep you updated throughout the remortgage process on changes and timelines.
Decide on deals
If you end up sticking with your current provider, this is just considered a product transfer. If you move lenders, you’ll need to hire a conveyancer to update the Land Registry, review your current mortgage, and carry out checks on things like your ID, leaseholds, and property searches.
Secure your remortgage deal
Your new lender will value your home and send through a new offer, which you’ll need to review and sign. This process usually takes between 4 and 8 weeks, but it’s useful to look ahead of your term ending.
Green mortgages
Doing your bit for the earth can come back to reward you. If you're looking to remortgage and raise capital for eco home improvements (that boost energy efficiency), you may qualify for a green mortgage.
Green mortgages are discounted mortgages available to eco-friendly homes. Each lender will have their own terms and conditions for green mortgages, but lenders typically offer green mortgages on homes with an energy performance certificate (EPC) rating of A or B, sometimes a C.
If your current property has an EPC of C or below, it’s a brilliant time to explore what you could do to improve your property and bring your fuel bills down - and relish in a green mortgage.
Important information
You may have to pay an early repayment charge to your existing lender if you remortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £299
Start your remortgage
Talk to a team of expert advisors who know how to hunt for the right remortgage deal. It all starts with a friendly chat - we're a nice bunch.
Read on about remortgages
If you're stumped on how mortgages work, we keep you informed with the latest updates and must-knows.
FAQs: Questions on switching your mortgage deal
Purplebricks Mortgages Limited is an appointed representative of Mortgage Advice Bureau (Derby) Limited which is authorised and regulated by the Financial Conduct Authority. Purplebricks Mortgages Limited. Registered Office: 650 The Crescent, Colchester Business Park, Colchester, England, CO4 9YQ. Registered in England Number: 11952059.