Remortgage Mortgage Rates (UK)
Current market ranges, deposit expectations, and common fee patterns for remortgage mortgages in one place.
Indicative figures only - lender pricing changes frequently and depends on case complexity.
Rate Overview
Typical market range for remortgage mortgage pricing.
Typical rate range
4.0% - 5.5%
3.5% - 6.5%
Typical deposit
10% - 15%
Min 5%
Typical timeline
4-8 weeks
Application to completion
Rates are indicative, not a quote. Final pricing depends on lender criteria, LTV, rental profile, and borrower background.
What Moves Your Rate Up or Down
These are the strongest factors lenders weigh when setting pricing.
- Access to better interest rates
- Equity release options
- Debt consolidation opportunities
- Flexible repayment terms
- Professional remortgage support
Fee Breakdown
Common charges to plan for alongside the headline rate.
Arrangement Fee
Lender product fee
£0 - £1,999
often added to loan
Valuation Fee
Property survey
£0 - £1,500
sometimes free with lender
Legal Fees
Conveyancing costs
£800 - £1,500
plus disbursements
Broker Fee
Advice and arrangement
£0 - £500
some brokers are fee-free
Rate FAQs
Quick answers to common pricing questions.
What is a remortgage?+
A remortgage is when you switch from one mortgage lender to another, often to secure better rates, release equity, or consolidate debts. It involves paying off your existing mortgage with a new one from a different lender.
When should I consider remortgaging?+
Consider remortgaging when your current deal ends, when better rates become available, when you need to release equity, or when you want to consolidate debts. It's also worth reviewing if your circumstances have changed significantly.
How much equity do I need to remortgage?+
You typically need at least 10-15% equity in your property to remortgage, though this varies by lender. The more equity you have, the better rates and terms you're likely to secure.
What are the costs of remortgaging?+
Remortgaging costs include early repayment charges on your existing mortgage, legal fees, valuation fees, and arrangement fees for the new mortgage. These costs can range from £1,000 to £3,000 or more.
Can I remortgage with adverse credit?+
Some lenders may consider remortgage applications for borrowers with minor credit issues, though the criteria may be stricter. You'll typically need a larger deposit and may face higher rates.
Can I remortgage to consolidate debts?+
Yes, remortgaging can be an effective way to consolidate debts, as mortgage rates are typically lower than credit card or personal loan rates. However, you'll be securing the debt against your property.