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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Remortgage Advice From Our Team
Our team live and work locally, and our office is at Pride Park in Derby. We help homeowners across Derbyshire, the East Midlands and the rest of the UK, in person, by phone or by video call.
Live locally? See how we help you remortgage in Derby.
When your deal ends, your lender moves you onto its standard variable rate. That is often much higher. We start looking up to six months before your deal ends, so you can lock in a new rate in good time.
Why People Remortgage
Your deal is ending
Avoid your lender’s standard variable rate by moving to a new deal in time.
A better rate
Rates may have changed since you last looked. We check what is out there now.
Raise money
Borrow more against your home for plans such as a new car or helping family.
Home improvements
Fund an extension, a new kitchen or energy upgrades.
Consolidate debt
Join debts into one payment. This can cost more over time, so we explain the full cost first.
Change your mortgage
Switch rate type, change the term, move to repayment or add or remove a name.
See What a New Deal Could Cost
Use our rate checker for a first idea, or call us for a quick chat.
What a Remortgage Broker Does for You
A remortgage broker looks at the whole picture, not just the rate. Here is what we do when your deal is ending. Not sure you need a broker? Read our guide: Do I need a broker to remortgage?
Check your current deal
We look at your end date, any early repayment charge and what your lender will offer you.
Search the market
We compare lenders across the market, including some deals you cannot get by going direct.
Work out the true cost
We add up rates, fees and cashback over the deal, so you can compare like for like.
Handle the switch
We deal with the lender, the valuer and the solicitor and keep you updated until your new deal starts.
Sometimes the best move is to stay with your lender. If so, we will tell you and arrange the product transfer for you.
Remortgage or Stay With Your Lender?
A remortgage can suit you if
- Another lender has a better rate or lower fees
- You want to borrow more than your lender will offer
- Your circumstances have changed since you took the mortgage
- You want a feature your lender does not offer
Things to think about
- Leaving a deal early can mean an early repayment charge
- A new lender will check your income and credit again
- Adding fees to the loan means paying interest on them
- A product transfer with your lender can be quicker
How It Works
Get in touch
Call us or send an enquiry with your current deal and what you want to achieve.
Review
We check your current deal, the end date and any early repayment charge.
Compare
We compare deals across the market, including your lender’s own offer, and explain our recommendation.
Switch
We apply for you and handle the lender and solicitor until your new deal starts.
More Help for Homeowners
Why Choose Mortgage & Finance Arena
Local advisers
Our team live and work locally and know the local market.
Whole of market
We compare lenders across the market, not just one bank.
The full cost
We compare rates, fees and cashback so you see the true cost.
We start early
We look up to six months ahead so you do not drift onto a higher rate.
We handle the paperwork
We deal with the lender and solicitor until your new deal starts.
FCA regulated
Mortgage & Finance Arena Ltd is authorised and regulated by the FCA (No. 706676).
Remortgage FAQs
You do not have to use one. A broker saves you time and can find deals you might miss on your own. This matters more if you want to borrow more, are self-employed or have had credit problems.
We check your current deal, compare lenders across the market and recommend the one that suits you. Then we apply for you and deal with the lender and solicitor until your new deal starts.
Our fee depends on your case. Before we start any work, we will tell you if there is a fee, how much it is and when you pay it. We may also receive a commission from the lender, and we will tell you about this.
About six months before your deal ends. Many lenders let you secure a rate that far ahead.
Yes. This is called a product transfer. We check your lender’s offer against the rest of the market so you know it is a good deal.
It depends on your home’s value, your income and your outgoings. Most lenders lend up to around 4 to 4.5 times income, within their loan to value limits.
Costs can include a product fee, a valuation fee and legal fees, though many deals include free valuation and legal work. Leaving your current deal early can mean an early repayment charge.
Often four to eight weeks. A product transfer with your current lender can take days.
Often, yes. Some lenders accept one year of accounts, and some accept missed payments or defaults. We know which lenders to approach.
It can lower your monthly payments, but you may pay more in total over a longer term. The debts will also be secured on your home. We explain the full cost before you decide.
Ready to Talk?
Tell us when your deal ends and one of our team will call you back.
Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home. Mortgage & Finance Arena Ltd is authorised and regulated by the Financial Conduct Authority (FCA No. 706676).
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Honest opinions from people like you
There simply are no superlatives sufficient to thank you for your fantastic service! I would highly recommend mortgage and finance area to any of my friends or family looking for a mortgage. You’ve made our dreams come true! The team go above and beyond to make everything so easy.
The advice and financial services I have recently had from Charlotte at Morgage And Finance Ltd in Derby has been first class. Very professional, helpful, efficient and supportive. I wholeheartedly recommend them.
Suzanne and Charlotte were amazing and made the process of buying our first home completely stress-free for us. They were both on hand if we ever had any problems/questions and always responded with knowledgeable and completely honest answers. I would highly recommend.
If I could rate this company more than 5 stars I would. I cannot fault the service and support my partner and I have received whilst getting our first mortgage together. Ian and Megan have been amazing, making the process completely stress free. They were both on hand if we ever had any questions. I would highly recommend. Thank you!
There simply are no superlatives sufficient to thank you for your fantastic service! I would highly recommend mortgage and finance arena to any of my friends or family looking for a mortgage. You’ve made our dreams come true! The team go above and beyond to make everything so easy.