Looking to remortgage?

We could help you remortgage 6 months before your fixed rate mortgage ends. Get advice from 5 star rated, award winning mortgage brokers.

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Enquire about a mortgage with our pre-qualifying affordability form. No imprint on your credit score.

Will not affect credit score

Why remortgage?

There are many reasons why you may want to consider a remortgage.  You may just want a better interest rate, which could save you money each month or give you security of payment.  Perhaps you wish to raise additional funds to consolidate debts or make improvements to your home or the need to remove and add a partner.

Whatever your needs, we have access to a wide range of mortgage products, and we could help to secure you finance no matter what your circumstances even if you have had financial difficulties.

Remortgage calculator

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There are a lot of changes with rates at the moment. It is worth contacting us for a free chat for us to understand your requirements and find the best rate on the market for your circumstances.

Did you know we could secure a new remortgage /product transfer 6 months before your existing fixed rate ends

Mortgage application process

4 simple steps for applying for a mortgage. See more about the mortgage application process here

Complete our
pre-qualify form

Let us know a few details about the mortgage you require

A mortgage specialist will call

One of our brokers will call and get a few more details of your requirements

We search for your perfect mortgage

We will search the market for the best rates for your circumstances

A Decision in Principle is made

We will secure a DIP with a lender, if you approve we move forward with a full application.

Remortgage FAQ

We have answered all your questions hopefully, but if there is anything you still need to know, please call us on 0800 197 0504

A remortgage is made up of two parts:

  • Capital – the money you borrow
  • Interest – the charge made by the lender on the money you owe

Repayment mortgage: you pay back the capital and the interest together in one monthly payment. Over the duration of the mortgage your balance will get smaller and your mortgage will be paid in full by the end of the term – usually 25 years. This is the most common type of mortgage.

Interest only: you start paying back the interest on your mortgage on a monthly basis. At the end of the mortgage term you need to repay the whole of the capital in one lump payment. If you choose this kind of mortgage the lender will need to know how you intend to pay off the capital at the end. It could be that you are paying in regularly to savings and investments or it could include a pension payout. These are not very common anymore but could help in certain circumstances.

Part repayment and part interest only – this option is a mix of both, so at the end of the term you’ll have paid off some, but not all of the capital and you’ll still need to find a way of repaying the remaining balance.

When you remortgage, you don’t need to move home. Instead, you switch from your existing mortgage to another one. This could be with the same lender or a different one. This typically happens when the existing mortgage ends or when a fixed rate ends, or when circumstances suggest that switching deals may be cheaper.

If you cannot find a competitive remortgage deal with your current lender, it may be time to look elsewhere. The application process may be more involved than it would be if you stayed with your existing lender. They won’t know you, so you’ll need to complete more paperwork to supply all the information they need. However, this is all simple enough.

If you find a competitive deal with another mortgage provider, you’ll need to get an Agreement in Principle (AiP) first. When you’re ready to switch, you’ll need to make a formal application for that mortgage deal.

Switching may be harder if you have bad credit. However, it’s not impossible. We regularly help people find better remortgage deals. There could be extra costs involved when switching to a new lender, but our expert brokers can guide you through the options to find a competitive offer.

Remortgaging is when you change your mortgage on your existing property, from the same lender to a better rate, or from one lender to another. Your new mortgage will then replace your old one.

You may want to remortgage if you’re:    

  • coming to the end of your existing mortgage rate or fixed term

  • looking for a better deal than your current lender can offer

  • planning to borrow more money against your property to free up extra cash

  • Look to reduce your monthly payments on your mortgage

Finding the best remortgage rates is even more important when you have bad credit. You’re likely to pay higher interest rates if you have a bad credit history. However, as with all mortgages, you need to shop around to compare deals and see which lender may have the best option.

You may find it simpler to use a broker in this situation. Our brokers have extensive knowledge of the marketplace when it comes to finding bad credit remortgage deals. Contact us today to see how we may be able to help.

It depends on the individual circumstances. However, it usually takes at least four weeks and anything up to eight weeks. It may be easier if you end up switching deals with the same lender rather than swapping to another one. However, finding the most competitive and relevant remortgage offer for you is most important.

Finding any mortgage can feel challenging. While you don’t need to use a broker, if you do, it means you should benefit from a wealth of experience you won’t have. Clever Mortgages can guide you through the possibilities and see if it is possible to find a cheaper and more competitive remortgage offer today.

There are many reasons why you may want to consider a remortgage, even if you have bad credit. You may just need a better interest rate, which could save you money each month or give you security of payment. Perhaps you wish to raise additional funds to consolidate debts or make improvements to your home.

Whatever your need, we have access to a wide range of products and could help to secure you finance no matter what your circumstances.

A bad credit history can be problematic when you’re looking to remortgage. If you’re eager to switch to a better deal and your credit rating is letting you down, we may be able to help.

The brokers at Clever Mortgages are experienced in helping people just like you remortgage with bad credit.

We try to answer all your questions about remortgages in this section. But if there is anything you don’t understand, or need more information, click live chat in the bottom corner or give us a call on 0800 197 0504 and we will be happy to discuss your remortgage queries.


When remortgaging, you have the option to pay off a lump sum to reduce the outstanding balance of your mortgage. This can reduce the total interest you pay over the life of the loan and shorten the loan term. However, it is important to consider any early repayment fees that may apply and to compare the cost of the lump sum payment with the potential savings to ensure it makes financial sense for your situation.

You can apply for a residential mortgage if you are:

  • aged 18 or over
  • receiving a regular income
  • already have a mortgage and are within 6 months of the end of your fixed term
  • if you have a mortgage and are not in a fixed term

Most of our customers have had some form of credit difficulties, from low credit score, missed payments or declined a mortgage elsewhere.

Read more on what a mortgage broker does for you

Whatever your mortgage goal, there will be something for you​

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We specialise in helping people find a mortgage and remortgage.

We require your details only once and we’ll know the best lenders for your circumstance and give you the best rates.

What should I do next?

There are many ways to contact us

Enquire online – our simple online form takes just a few minutes.

Give us a Call – our qualified advisers will assess what you are looking and do all the hard work for you searching the market – 0800 197 0504.

Ask for a callback – havent got time now? Ask us to call you back and a time / day convenient to yourself. Call me back.

LiveChat – message us here and tell us what you are looking for our agents are on hand to help.

Watch our video on applying for a remortgage

Below are some of the lenders we work with