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Britestate

Remortgage Calculator

Find out how much you could save by switching your mortgage deal. Compare your current repayments against a new rate and term.

Your Mortgage Details
Enter your current mortgage details and the new deal you are considering.
0.1%15%

Enter £0 if you have no ERC or are outside your deal period.

New Deal

0.1%15%
Current Deal
Monthly Payment£1,513.35
Total Interest£143,204
Total Repayable£363,204
Rate5.50%
New Deal
Monthly Payment£1,185.67
Total Interest£135,701
Total Repayable£355,701
Rate4.20%

Monthly Saving

+£327.68/mo

Total Interest Saved

+£7,503

Your Equity

37.1%

ERC / Break-even

£0

Savings exceed ERC after 0 months

Your LTV & Rate Tiers
Your current loan-to-value is 62.9%. Lenders price deals based on LTV bands — lower LTV typically means better rates.
  • < 60% LTVBest rates available
  • 60–75% LTVGood ratesYou are here
  • 75–85% LTVStandard rates
  • 85–90%+ LTVLimited options, higher rates

Frequently Asked Questions

When should I remortgage?

Most homeowners remortgage when their initial fixed or tracker deal ends and they move onto the lender's standard variable rate (SVR), which is usually significantly higher. It's a good idea to start looking 3-6 months before your deal expires.

Are there fees for remortgaging?

Yes, typical costs include an early repayment charge (if still in a deal), arrangement fees (£0-£2,000), valuation fees, and legal fees. Many lenders offer free valuations and legal work for remortgage customers.

Will remortgaging affect my credit score?

Applying for a remortgage involves a hard credit check, which may temporarily lower your score by a few points. However, maintaining regular repayments on your new deal will positively impact your score over time.