Remortgaging. Compare our home loan rates. Get a choice in concept

August 22, 2020

Remortgaging. Compare our home loan rates. Get a choice in concept

Take a good look at our prices to discover exactly what your monthly premiums could be

Get a choice in theory

This is certainly a totally free instant choice which lets you know you the amount you need if we could lend

Submit an application for your home loan

As soon as you’ve finished your decision in theory, you’re willing to begin your mortgage application

Why choose us?

  • No item charge on several of our mortgages
  • We’ll pay your standard fees that are legal offer you ?250 cashback of all of our mortgages (repayable in the event that you pay back your home loan within two years)
  • Free standard valuation of all of our mortgages on properties as much as ?2.5 million
  • Make regular or overpayments that are one-off
  • View your mortgage in on the web and Cellphone Banking

Guide: Remortgaging to us

What you should learn about going your mortgage to us

Simply how much may I borrow?

Make use of our helpful calculator

Protect your house

Take a good look at our house insurance coverage

Why remortgaging will allow you to

Remortgaging means you move from a single loan provider to some other while remaining in the home that is same. You can find a true quantity of ways that it might allow you to.

Lower your mortgage repayments

Perhaps you are capable lessen your monthly mortgage repayments if you take down a mortgage that is new us at a lowered price than your present price. Even a change that is small the attention price you pay could cause cost cost savings with time.

Borrow additional money

You can make use of the equity at home to borrow more cash for many things such as for instance house improvements or a car that is new. Remember, enhancing the size of one’s home loan means your payments that are monthly increase.

Improvement in circumstances

You might replace your home loan for almost any true wide range of reasons. Perchance you’ve come right into some cash and also you like to pay back a number of your home loan or an interest is had by you only mortgage that you desire to switch to a payment home loan.

If you’re thinking about remortgaging, make certain you consider what you desire from your own brand brand new home loan. Keep in mind additionally that going your mortgage from your own present provider may incur fees as a very early payment fee and exit charge.

Possible expenses to think about

Early payment fee

If you’re tied into a cope with your present loan provider, you may have to spend a repayment that is early getting out of this deal early. It’s normally a share of the home loan and you will think it is in your home loan offer or yearly home loan statement. It speak to your current lender who will be able to help if you can’t find.

Item charge

A number of our mortgages don’t have an item charge. If you choose the one that does, you are able to ordinarily include the cost to your mortgage, but it’ll suggest you’ll pay interest regarding the item cost until you pay it back within 21 times of finishing your home loan.

Valuation charge

The majority of our mortgages have free standard valuation (on properties respected as much as ?2.5 million) to ensure the property will probably be worth the amount you’re investing in it.

Legal/conveyancer costs

A solicitor/ is needed by you licensed conveyancer to greatly help with the appropriate facets of remortgaging. For many of y our home loan discounts we’ll spend your standard fees that are legal. You’ll have actually to cover them straight right right back in the event that you pay back your home loan within a couple of years.

Account charge

That is charged by us for administering and providing your mortgage. You are able to spend it whenever your home loan completes or perhaps the conclusion of one’s home loan, either means you’ll spend the exact same quantity.

This really is a summary that is brief of 3 various kinds of mortgages you can expect

Fixed price Tracker price life time Tracker
perfect for: individuals who want a precise concept of just what they’re going to need click for info to repay for the following couple of years.

You are able to frequently fix your deal for just two, 3 or 5 years. In this fixed period your monthly obligations will always be the same. After your fixed period move that is you’ll the Santander Follow-on Rate (variable). You may pay an early repayment charge if you want to finish your deal earlier. Perfect for: those who think rates of interest will always be low within the next years that are few wish to make limitless overpayments on the home loan.

You can easily select home financing with a preliminary price duration and during this time period your price songs over the Bank of England base price. Using this types of home loan your instalments can vary greatly. The original price duration is often two years and from then on you move on the Santander Follow-on Rate (variable). Perfect for: those who don’t wish to ever search for a mortgage that is new once more or like to make limitless overpayments.

With an eternity Tracker mortgage your price will monitor over the Bank of England base price when it comes to full life of the home loan term. With this specific types of mortgage your instalments can vary greatly.

The graphs are for illustrative purposes just.

For the comparison that is in-depth of home loan kinds being offered read our help guide to mortgages