A comparison of the best remortgage offers for you

The chances are, if you've been with the same mortgage lender for some time, you may be paying more than you need to for your home loan.

Remortgaging allows you to switch provider or mortgage products to get better rates, save money and suit the ever-changing requirements of your life.

It's advisable to regularly review your mortgage situation and speak with a mortgage adviser before you come to the end of your preferential rate or fixed term and are transferred onto your lenders standard variable rate (SVR). It's estimated that as many as four in ten home owners are on their lenders SVR. If you are, or if you're not sure but the amount you're paying on you mortgage has increased, the best advice is to get a review of your mortgage and personal situation. You should look to remortgage if:

  • Your current deal is about to end
  • You want a better rate on your existing mortgage
  • Your home's value has increased a lot since you purchased it
  • You're worried about interest rates going up and want to fix
  • You want to overpay on your mortgage and your current lender won't let you
  • You want to switch from interest-only to a repayment mortgage
  • You want to borrow more money

Why speak to an adviser?

Before remortgaging, or before you decide to remortgage with your existing provider, it's important to speak with an independent mortgage expert. Our advisers at John Charcol will be able to assist you in comparing remortgaging products from across the mortgage market to help you decide which mortgage is best for you, if you can get a better rate than your currently on and if we can find a provider who can offer you a better deal that your existing provider.

Initial Rate
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Total amount of credit
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Monthly repayments
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Scheme fees
?
Total amount payable
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Overall rate
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Max Loan to value 60%: Remortgage 2 Year 1.18% Fixed. Available for loans from £500,000 to a maximum of £2,000,000.
Initial Rate
1.18% Fixed until 31/05/2019 then 3.74% Variable for term
Total amount of credit
£1,020,000
Monthly repayments
£3,926
Scheme fees
£1,534
Total amount payable
£1,506,038
Overall rate
3.30% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£1,499
Valuation fee£0
Other fees£35
Cashback£0

Flexibility:

Overpayments allowed?10% per annum
Early Repayment Charges£80, plus (3% until 31/05/2019) of balance repaid

Other info:

Exit fee£80
Basic legalsFree
Special DealFree Valuation. Free legal service.
Call now for more information: 0344 346 3672
Representative example A mortgage of £1,020,000 payable over 25 years on a repayment basis, initially on a fixed rate for 2 years at 1.18% and then on a variable rate of 3.74% (3.49% above Barclays Bank Base Rate, currently 0.25%, which will not go below a floor of 3.49%) for the remaining 23 years would require 26 payments of £3,926.18 and 274 payments of £5,118.04. The total amount payable would be £1,506,038 made up of the loan amount plus interest (£484,424) and fees (£1,614 which includes exit fees of £80). The overall cost for comparison is 3.30% APRC representative
Max Loan to value 75%: Remortgage 2 Year 1.29% Fixed.
Initial Rate
1.29% Fixed until 31/05/2019 then 4.49% Variable for term
Total amount of credit
£337,500
Monthly repayments
£1,316
Scheme fees
£1,499
Total amount payable
£535,186
Overall rate
4.00% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£1,499
Valuation fee£0
Other fees£0
Cashback£250

Flexibility:

Overpayments allowed?During the early repayment charge period up to £1,000 each month without incurring the ERC
Early Repayment Charges£74 + 2% til 31/05/2018, £74 + 1% til 31/05/2019 plus £250 cashback repayable

Other info:

Exit fee£74
Basic legalsFree
Special Deal£250 Cashback payable on completion. Free valuation. Free legal service.
Call now for more information: 0344 346 3672
Representative example A mortgage of £337,500 payable over 25 years on a repayment basis, initially on a fixed rate for 2 years at 1.29% and then on a variable rate of 4.49% for the remaining 23 years would require 26 payments of £1,316.16 and 274 payments of £1,822.60. The total amount payable would be £535,186 made up of the loan amount plus interest (£196,113) and fees (£1,573 which includes exit fees of £74). The overall cost for comparison is 4.00% APRC representative
Max Loan to value 60%: Remortgage 5 Year 1.75% Fixed. Maximum loan £2,000,000.
Initial Rate
1.75% Fixed until 31/05/2022 then 3.74% Variable for term
Total amount of credit
£270,000
Monthly repayments
£1,111
Scheme fees
£1,034
Total amount payable
£386,492
Overall rate
3.00% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£999
Valuation fee£0
Other fees£35
Cashback£0

Flexibility:

Overpayments allowed?10% per annum
Early Repayment Charges£80, plus (3% until 31/05/22) of balance repaid

Other info:

Exit fee£80
Basic legalsFree
Special DealFree valuation. Free legal service.
Call now for more information: 0344 346 3672
Representative example A mortgage of £270,000 payable over 25 years on a repayment basis, initially on a fixed rate for 5 years at 1.75% and then on a variable rate of 3.74% (3.49% above Barclays Bank Base Rate, currently 0.25%, which will not go below a floor of 3.49%) for the remaining 20 years would require 62 payments of £1,111.21 and 238 payments of £1,329.76. The total amount payable would be £386,492 made up of the loan amount plus interest (£115,378) and fees (£1,114 which include the exit fee of £80). The overall cost for comparison is 3.00% APRC representative.

Legal

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

John Charcol is a trading name of John Charcol Limited and its Appointed Representatives. John Charcol Limited is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 665649. Registered in England No. 9157892. Registered office address for John Charcol Limited is 5th Floor, Cutlers Exchange, 123 Houndsditch, London, EC3A 7BU. The FCA does not regulate some investment mortgage contracts. Calls may be recorded for training and monitoring.