Compare the best remortgage rates & deals with Tembo

As a general rule, you can start the process of remortgaging up to 6 months before your existing mortgage deal comes to an end. If you don't find a better deal by the end of your current product term, you may be put onto your lender's standard variable rate (SVR), which can make your monthly repayments considerably higher.

How long it takes to remortgage depends how quickly you can receive a new mortgage offer from a lender and if there are any delays in the process. Working with a mortgage broker like Tembo can help speed things along, as your dedicated advisor will do a lot of the admin work for you. On average, it takes our remortgage customers 12 days to receive a new mortgage offer and 29 days for their new mortgage deal to be submitted.

Yes, you can remortgage early and leave your fixed rate mortgage before it's ended to change to a different mortgage provider. However, you may be charged an Early Repayment Charge (ERC) as well as other exit fees which may outweigh the benefits of switching early. If you aren't tied into a fixed rate mortgage, switching mortgage providers is even easier as you don't need to pay an ERC to leave.

Yes, you can leave your current fixed term at any point and remortgage to another lender. However, if you leave your deal early you may have to pay an Early Repayment Charge, which could make switching more expensive. But if you remortgage onto a lower fixed rate, the amount you could save per month in interest could outweigh the cost of switching. It's always best to talk to an expert mortgage broker to help weight up whether switching early is right for you.

It can be easier to remortgage with the same lender in comparison to changing mortgage providers. As your current lender already has your details on file, they won't have to do a full remortgage. Instead, you'll go through a product transfer which doesn't require a full affordability check. While this might mean you won't have access to the best rates available on the market, the process should be quicker than a full remortgage.