If you're considering changing your mortgage, remortgaging can be a powerful financial strategy. Whether you're looking to reduce your interest rate, access better mortgage deals, consolidate debt, or fund home improvements, Montgomery Financial provides expert mortgage advice tailored to your needs. Our experienced advisers help you compare remortgage options and secure a deal that works for your current circumstances.
A remortgage involves switching your current mortgage to a new mortgage product. This could be with your existing mortgage lender or a new provider. Many homeowners remortgage when their current mortgage deal is ending, or when they want to secure a lower interest rate or unlock equity in their property.
You can choose to stay with the same lender via a product transfer or move to a new lender offering more competitive rates or terms. At Montgomery Financial, we help you understand the best path based on your mortgage balance, credit score, and long-term goals.
There are several reasons why people choose to remortgage:
Reducing your monthly mortgage repayments by switching to a lower interest rate.
Fixing your rate to protect against potential rate increases.
Raising funds for home improvements, extensions, or renovations.
Consolidating debts into one manageable monthly payment.
Accessing equity from your home to support large purchases or investments.
Switching to a different type of mortgage, such as from interest-only to repayment.
At Montgomery Financial, we help you evaluate all available remortgage options to ensure your decision aligns with your financial goals.
Let’s get you moving
Remortgaging for home improvements is a popular option for homeowners wanting to enhance their living space. By releasing equity from your home, you can fund extensions, kitchen remodels, loft conversions, or energy-efficient upgrades. This option often provides lower interest rates than personal loans or credit cards and spreads the cost over your mortgage term.
Beyond home improvements, many clients choose to remortgage for:
Debt consolidation – combining loans and credit cards into one mortgage payment.
Securing a better deal if your current mortgage is ending.
Reducing risk by switching from a variable rate to a fixed-rate mortgage.
Extending or shortening your mortgage term based on your life plans and income.
The best time to remortgage is usually three to six months before your current mortgage deal ends. This allows time to lock in a new rate and avoid moving onto a lender’s standard variable rate. However, you can remortgage at any time – especially if you can secure a better mortgage deal that offsets any early repayment charges.
To apply for a remortgage, you’ll need to provide:
Proof of income and employment.
Recent bank statements and ID.
Details of your existing mortgage and mortgage lender.
An idea of your property value and any outstanding mortgage balance.
Montgomery Financial will guide you through the full remortgage application, ensure accurate affordability checks, and support you in gathering all required documentation.
Typical remortgage costs can include:
Mortgage arrangement and booking fees.
Valuation and legal fees (especially when switching lenders).
Early repayment charges if ending your current mortgage early.
We ensure all remortgage costs are explained upfront, and we work to find the most cost-effective remortgage deal for your situation.
Your credit score plays a vital role in your remortgage eligibility. Lenders will review your credit report to determine how much you can borrow and the interest rates you qualify for. Montgomery Financial will review your credit score in advance and help you prepare for a strong mortgage application.
The amount you can borrow depends on your income, property value, equity, credit history, and the lender’s criteria. We use advanced remortgage calculators to estimate your borrowing potential and monthly repayments based on current remortgage rates.
Remortgaging can be the right choice if:
You want to secure a better mortgage rate.
Your current mortgage deal is coming to an end.
You want to raise funds for renovations or big expenses.
You are consolidating debts for simpler payments.
You need to change your mortgage term or type.
Our team will analyse your mortgage needs and ensure you get the right mortgage product for your financial goals.
At Montgomery Financial, we specialise in helping clients remortgage with confidence. Whether you’re looking for a lower rate, a new mortgage deal, or funding for home improvements, our advisers compare rates from over 100 mortgage lenders and guide you through the entire remortgage process.
From the initial enquiry to receiving your new mortgage offer, we provide clear, expert advice. We’re authorised and regulated by the Financial Conduct Authority. Your home may be repossessed if you do not keep up with repayments on your mortgage.
All people working within Montgomery Financial share those values and beliefs and support the reinforcement of the fair treatment of our customers.
The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK
There may be a fee for mortgage advice, the exact amount will be based on your circumstances and will be confirmed upon initial consultation. A typical fee of £476 is payable on application for residential mortgages and £673 for buy to let mortgages.
Montgomery Financial is a trading style of Montgomery FS Ltd, which is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Montgomery FS Ltd is registered in England and Wales no: 12305679. Registered Address: The Granary 8 Strixton Manor Business Centre, Strixton, Wellingborough, NN29 7PA
Your home may be repossessed if you do not keep up repayments on your mortgage.
