Remortgaging Your Home
If your current mortgage deal is coming to an end, your circumstances have changed or you want to borrow additional funds, it may be worth reviewing your mortgage options.
A remortgage means moving your mortgage to a new deal, either with your existing lender or a different lender. We can compare options from across the market, explain the costs involved and help you decide whether switching is suitable for your circumstances.
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Is It Time to Review Your Mortgage?
Your mortgage doesn’t have to stay the same for its entire term.
You may want to review it because:
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your current fixed or discounted deal is approaching its end
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you want to compare your lender’s new deal with alternatives elsewhere
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your property value has changed
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your income or circumstances have changed
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you want to adjust the mortgage term
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you want to borrow additional funds
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you’re considering consolidating other borrowing.
We’ll look at your existing mortgage, any early repayment charges and the costs of switching before recommending whether remortgaging makes sense.
What is a Remortgage?
A remortgage is the process of replacing your existing mortgage with a new mortgage deal.
You might move to a different lender, or you may decide that staying with your current lender and switching products is the better option.
The right approach depends on factors such as:
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your remaining mortgage balance
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property value and loan-to-value
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current interest rate
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early repayment charges
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available mortgage rates and fees
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affordability and lender criteria
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your plans for the property.
You don’t necessarily need to wait until your current deal has ended to start reviewing your options.
We get in touch with our existing customers around six months before the end of their current deal to arrange a review, as a standard part of our service.
When Should You Start Looking at Remortgage Options?
For many borrowers, it makes sense to start reviewing remortgage options around four to six months before the current deal ends.
With some lenders, you may be able to secure a new fixed rate with your existing lender around four months before your current deal ends, which can give you more certainty while you continue to review whether staying with your current lender or switching elsewhere is the better option.
Starting early gives you time to compare what your existing lender is offering with alternatives elsewhere in the market, deal with any paperwork or affordability checks, and avoid having to make a rushed decision.
A remortgage to a new lender can take several weeks to complete because the new lender will need to carry out underwriting, review supporting documents and arrange a valuation. A solicitor or conveyancer will then carry out the legal work needed for the new mortgage.
If you do nothing when your current deal ends, you may move onto your lender’s Standard Variable Rate (SVR), which could be higher than the rate you were previously paying and may increase your monthly payments.
It’s also important not to switch too early without checking the cost. If you’re still within an initial fixed or discounted period, your lender may charge an Early Repayment Charge (ERC) for leaving the deal before it ends.
We can help compare the cost of switching early against waiting until the ERC reduces or expires, while allowing enough time for the lender’s underwriting and the solicitor’s legal work to be completed before your current deal ends.
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At Delta Mortgages, remortgaging doesn’t have to feel overwhelming—we’re here to simplify the process and guide you every step of the way.
Three Simple Steps to Remortgaging
Remortgaging doesn’t have to be complicated. We’ll help you understand your current mortgage, compare your options, and manage the application if you decide to proceed.
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Apply and Manage the Remortgage
If you decide to move to a new lender, we’ll prepare and submit the mortgage application and help manage it through underwriting, valuation and mortgage offer.
We’ll stay involved through to completion, liaising with the lender and your solicitor or conveyancer where needed and keeping you updated along the way.
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Compare Your Options
We’ll compare what your existing lender can offer with suitable alternatives across the mortgage market.
This includes looking beyond the headline interest rate and considering product fees, incentives, Early Repayment Charges, legal costs, and the overall cost of the mortgage.
If staying with your current lender is the more appropriate option, we can arrange the product switch for you without charging a broker fee.
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Review Your Current Mortgage
Get in touch with us to arrange a no-obligation, free initial chat with your local remortgage adviser.
We’ll start by looking at your existing mortgage, including your outstanding balance, current interest rate, remaining deal period and any Early Repayment Charges.
We’ll also talk through what you want from your next mortgage, whether that’s securing a new rate, changing the mortgage term, borrowing additional funds, or simply reviewing whether your current lender is still suitable.
Stay With Your Existing Lender, or Change to a New One?
A remortgage doesn’t automatically mean changing lender.
Your existing lender may offer a product transfer, which can sometimes involve less paperwork and may not require a new affordability assessment or valuation.
Moving to another lender may give you access to different products, rates or features, but there can also be additional costs or underwriting.
We can compare both routes and explain the overall cost and practical differences before you decide.
How Long Does It Take to Remortgage?
A straightforward remortgage to a new lender will often take several weeks from application to completion, although the exact timescale depends on the lender, the property and how quickly any supporting documents or legal work can be completed.
This is why it can be sensible to start reviewing your options up to six months before your current mortgage deal ends.
Starting early gives you time to:
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compare your existing lender’s options with alternatives elsewhere
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complete any affordability and underwriting checks
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arrange a property valuation where required
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allow time for the solicitor or conveyancer to complete the legal work
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deal with any unexpected queries before your current deal expires.
If you are staying with your existing lender and completing a straightforward product switch, the process is usually simpler because a new mortgage application, valuation and separate conveyancing may not be required.
Where a new mortgage product is secured in advance, we can also continue to review the options available and, where the lender allows a product change before completion, move you to a lower-rate or more suitable product if one becomes available.
The aim is to have everything ready so that your new mortgage can take effect at the appropriate time, while avoiding unnecessary Early Repayment Charges or a prolonged period on your lender’s Standard Variable Rate.
Common Reasons to Remortgage
There are many reasons why you might review your mortgage before the end of its full term.
Sometimes it’s simply because your current deal is ending. In other cases, your financial circumstances, property value or plans may have changed since you originally arranged the mortgage.
Here are some of the most common reasons homeowners consider remortgaging.
When your initial fixed or discounted period ends, you may move onto your lender’s Standard Variable Rate unless you select another product.
Reviewing your options in advance gives you time to compare what your existing lender is offering with alternatives elsewhere in the market.
You may want to increase your mortgage to raise funds for home improvements, an extension or other significant expenditure.
Any additional borrowing increases the amount secured against your home, so affordability, monthly payments and the overall cost should all be considered.
If your property has increased in value or you’ve reduced your mortgage balance, your loan-to-value (LTV) may have improved.
LTV is the percentage of your property’s value that you still owe on the mortgage. For example, if your home is worth £300,000 and your mortgage balance is £180,000, your LTV is 60%.
Your property value might have increased because of general local house price growth, or because you’ve made improvements such as an extension, loft conversion, new kitchen or significant renovation work. At the same time, your mortgage balance may have reduced as you’ve made regular capital repayments or overpayments.
A lower LTV generally means less risk to the lender, so you may have access to a wider range of mortgage products and potentially lower interest rates than someone borrowing a higher percentage of the property’s value.
That’s why it can be worth reviewing your mortgage if your property has increased in value, you’ve paid down a meaningful amount of the balance, or both.
You might want to shorten your mortgage term so the mortgage is repaid sooner, or extend it to reduce your contractual monthly payments. You may also want to change how some or all of the mortgage is repaid, for example moving from interest-only to a capital repayment basis.
Depending on your lender and the change you want to make, you may be able to amend the term or repayment method with your existing mortgage lender without moving the mortgage elsewhere. Alternatively, you can build those changes into a remortgage with a new lender and compare the wider options available at the same time.
It’s important to consider the longer-term impact as well as the immediate monthly payment. Shortening the term will usually increase your monthly repayments but can reduce the total interest paid and mean you become mortgage-free sooner. Extending the term can reduce the monthly payment, but may mean paying more interest overall because the mortgage is outstanding for longer.
Any change will be subject to affordability, lender criteria and, where relevant, the lender being satisfied with your proposed repayment strategy.
If one owner is leaving the property, you may need to remortgage to remove them from the mortgage and legal ownership.
You may also need to increase the mortgage to raise funds to buy out their share of the equity in the property.
The lender will normally assess whether the remaining borrower or borrowers can afford the mortgage in their own right and whether the new arrangement meets its lending criteria.
A solicitor or conveyancer will also be required to complete the transfer of equity, which changes the legal ownership of the property.
There may also be legal or tax implications depending on the circumstances, so appropriate legal or tax advice may be needed alongside the mortgage advice.
Your current mortgage may no longer suit the way you want to manage your borrowing.
You may want greater flexibility to make overpayments without incurring charges, an offset facility that links savings to your mortgage, a different type of interest rate, or more suitable portability options if you think you may move home during the deal period.
You might also want a mortgage that allows payment flexibility, different early repayment charge terms or features that better reflect how you expect your finances to change over the next few years.
Depending on your current lender, some changes may be possible without moving elsewhere. Alternatively, remortgaging can give you the opportunity to compare a wider range of products and features across the market.
It may be possible to consolidate unsecured borrowing, such as personal loans or credit cards, into your mortgage.
This can simplify your finances by replacing several separate monthly payments with one mortgage payment, and the mortgage interest rate may be lower than the rates charged on some unsecured debts.
However, there are important trade-offs. Extending short-term borrowing over a much longer mortgage term can mean you pay more interest overall, even if the monthly payment is lower. It also turns unsecured borrowing into debt secured against your home, which could be at risk if you don't keep up with repayments.
For that reason, debt consolidation needs very careful consideration of the total cost, repayment term and whether the new arrangement is sustainable over the longer term. Your Delta adviser can help you assess the risks and whether this approach is suitable for your circumstances. Some lenders may also require debt-consolidation applications to be submitted through a mortgage adviser.
Your financial circumstances may look quite different now from when you originally arranged your mortgage.
Your income may have increased, you may have moved from self-employment into employment, built up a longer trading history, changed jobs, reduced other financial commitments, or improved your credit profile.
Those changes can sometimes mean a wider range of lenders or mortgage products is available to you than before.
For example, you may previously have needed a specialist lender because of limited trading history, previous credit issues or a more complex income structure, but your circumstances may now fit the criteria of a broader range of lenders.
A remortgage review can help establish whether the mortgage you originally needed is still the most appropriate type for your current circumstances. Get in touch with us for a free, no-obligation chat.
If some or all of your mortgage is on an interest-only basis, your monthly payments generally cover the interest but do not reduce the capital balance.
You may decide that you want to move some or all of the mortgage onto a capital repayment basis so that the outstanding balance reduces over time.
This can be particularly relevant if your original repayment strategy has changed, you want greater certainty that the mortgage will be repaid by the end of the term, or you simply prefer to start reducing the balance each month.
Moving to repayment will usually increase your monthly payments, so affordability is an important consideration. In some cases, borrowers may choose a part-repayment, part-interest-only arrangement instead, subject to lender criteria and a suitable repayment strategy. We can help you find a solution that fits your monthly budget.
Some homeowners consider increasing their mortgage or releasing equity from their current property to help fund the deposit on another property.
This might be for a buy-to-let investment, a second home, a holiday property, or another residential purchase.
The lender will usually consider the amount of equity remaining in your existing property, your overall affordability, the purpose of the additional borrowing, and any other mortgages or financial commitments you'll have in place.
Using equity in one property to help fund another can increase your overall level of borrowing, so it is important to consider the repayments on both properties, any additional property taxes, and the wider costs of owning more than one property.
If the additional property is intended to be rented out, the borrowing arrangements for that property may also need to meet separate buy-to-let criteria.
Our experienced advisers can look at all these options with you, so you can make an informed decision.
Mortgage Types to Consider When You Remortgage
When you remortgage, you’re not just choosing a lender — you’re also choosing the type of mortgage that best fits how you want to manage your payments and future plans.
With a fixed-rate mortgage, your interest rate is fixed for an agreed period; commonly two, three or five years.
This gives you certainty over your contractual monthly payment during the fixed period, which can make budgeting easier.
The trade-off is that if market rates fall, you won’t automatically benefit while you remain on the fixed rate. Early Repayment Charges may also apply if you repay the mortgage in full, switch to a different product or lender, or exceed permitted overpayments during the fixed period.
A fixed rate can suit borrowers who value payment stability and want to know what their mortgage will cost each month.
A tracker mortgage usually follows the Bank of England Base Rate (BEBR), plus a fixed margin set by the lender.
For example, a product might be priced at BEBR + 2%. If the BEBR was 2.75%, the mortgage interest rate would be 4.75%.
If the base rate falls, your mortgage rate and monthly payments may reduce. If it rises, your payments may increase.
Some tracker mortgages offer more flexibility than fixed rates, such as lower or no Early Repayment Charges, although this varies by lender and product.
A tracker can suit borrowers who are comfortable with their monthly payment changing and who want the potential to benefit if interest rates fall.
A variable-rate mortgage has an interest rate that can change over time.
Unlike a tracker, the rate does not necessarily move directly in line with the Bank of England Base Rate. The lender may change the rate in line with its own pricing and product terms.
This means your monthly payments can rise or fall, so you have less certainty than with a fixed-rate mortgage.
Some variable-rate products have no Early Repayment Charges (ERCs) or fewer restrictions on overpayments, which can make them more flexible. That may be useful if you expect to sell the property, repay a large lump sum or make significant overpayments in the near future.
The trade-off is that the interest rate can change, so you need to be comfortable with the possibility of higher monthly payments.
An offset mortgage links eligible savings to your mortgage for the purpose of calculating interest.
For example, if you had a £200,000 mortgage and £20,000 in linked savings, interest might be calculated on £180,000 rather than the full mortgage balance, subject to the lender’s product terms.
Your savings usually remain accessible, but instead of earning interest in the usual way, they reduce the amount of mortgage interest charged.
Offset mortgages can be useful for borrowers who hold significant savings and want those funds to work alongside their mortgage while remaining available if needed.
Early Repayment Charges can still apply on some offset mortgages, particularly during an initial fixed or discounted period, although the exact rules vary by lender and product. It’s worth checking the overpayment and repayment terms carefully if you expect to make large lump-sum payments or repay the mortgage early.
How much will it cost to remortgage?
The cost of remortgaging depends on whether you stay with your existing lender or move to a new one, as well as the mortgage product you choose.
If you switch to a new lender, there can be several costs to consider alongside the interest rate. These may include a product fee, valuation fee, legal costs, an exit or administration fee from your current lender. If you leave your existing deal early, an Early Repayment Charge may also apply.
Some lenders offer incentives such as a free basic valuation, a legal service or cashback towards legal costs, so it is important to compare the overall cost of the remortgage, not just the headline rate. Your Delta Mortgage Adviser can talk you through the options in simple terms.
An initial consultation and remortgage review is always free of charge. Fees may only become applicable after we submit a mortgage application to a lender on your behalf.
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For a standard remortgage to a new lender, Delta Mortgages charges advice and application fees for arranging the mortgage, since there is more work involved than for a product switch. We’ll explain our fees clearly before you decide whether to proceed with an application.
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If the most suitable option is to stay with your existing lender and complete a product switch, we do not charge a fee for arranging that switch.
That means our review can consider both routes — staying with your current lender or moving elsewhere — rather than assuming a remortgage to a new lender is automatically the right choice.
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Some mortgage products have no product fee, while others charge a fixed fee or percentage of the loan. The fee may be payable upfront, or added to the mortgage balance.
Lenders may offer different product options, including a lower interest rate in exchange for a higher product fee.
However, a lower interest rate does not always mean the lowest overall cost once the product fee is taken into account. And if the fee is added to the mortgage, interest will usually be charged on it as well.
We compare the total cost of the mortgage over the initial deal period, including the interest rate and product fee, so you can see which option represents better value for your circumstances.
If you leave your current mortgage before the end of an initial deal period, your lender may charge an Early Repayment Charge (ERC).
The charge can sometimes reduce as you move through the deal period, so there may be circumstances where it is worth comparing the cost of switching now with waiting until the ERC falls or expires.
Valuations on a Remortgage to a New Lender
If you remortgage to a new lender, they will usually need to value the property as part of their assessment.
Depending on the lender and property, this may be completed using an automated or desktop valuation, or the lender may arrange a physical inspection.
Some remortgage products include a basic valuation at no additional cost, while others may charge a valuation fee.
The valuation is primarily for the lender’s benefit and is used to help determine the property value and loan-to-value for the new mortgage.
Valuations on a Product Transfer
If you stay with your existing lender and complete a product transfer, a new physical valuation will not usually be required.
The lender may instead use its own automated or indexed property valuation to determine your current loan-to-value and which product bands are available.
If you believe the lender’s valuation is too low — for example, because you’ve carried out significant improvements or comparable local properties support a higher value — it may be possible to request a review or challenge the valuation, depending on the lender’s process.
If a higher value is accepted, this could move the mortgage into a lower LTV band and potentially make different product options available, typically with lower interest rates.
A remortgage to a new lender usually involves legal work to repay the existing mortgage and register the new lender’s charge against the property.
Some lenders provide a standard remortgage legal service as part of the mortgage product, while others may offer cashback towards your legal costs instead.
If the transaction is more complex — for example, because you are adding or removing someone from the ownership — additional legal work and costs may apply.
Your existing lender may charge an exit, redemption or mortgage administration fee when your current mortgage is repaid.
This is separate from any Early Repayment Charge and may apply even if your initial fixed or discounted deal period has already ended.
We’ll include any applicable exit fees when comparing the overall cost of staying with your existing lender against moving to a new one.
We’ll compare the costs, not just the rate
The mortgage with the lowest interest rate is not always the least expensive option overall.
Product fees, Early Repayment Charges, legal costs, valuation fees, cashback and other incentives can all affect how much a mortgage actually costs.
We compare the total cost over the initial deal period, alongside the monthly payment and product features, so you can see the financial difference between the options available to you.
What's the Legal Process for a Remortgage?
Legal work is generally only required if you remortgage to a different lender. If you stay with your existing lender and complete a straightforward product switch, legal work won't be necessary.
When you move to a new lender, a solicitor or conveyancer is required to deal with the legal side of the remortgage. This includes repaying your existing mortgage, satisfying the new lender’s legal requirements and registering the new lender’s charge against your property.
Here’s how the legal process of a remortgage usually works, step by step:
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Identity Checks & Initial Review
Your solicitor or conveyancer will verify your identity and review the information and documents provided to make sure everything is in order before the legal work progresses.
They may ask for documents such as a passport, driving licence or proof of address.
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Mortgage Redemption Figure Requested
Your solicitor or conveyancer will contact your current lender to request a redemption statement. This confirms the amount needed to repay your existing mortgage in full on the proposed completion date.
The figure will usually include your outstanding mortgage balance, any interest due up to the completion date, and any applicable Early Repayment Charge or exit fee.
Because the amount can change depending on the exact date the mortgage is repaid, an updated redemption statement may be requested if the completion date changes.
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Completion Day
On the agreed completion date, your new lender sends the mortgage funds to your solicitor / conveyancer.
They'll use the money to repay your existing mortgage in full, including any interest or fees shown on the final redemption statement.
If you’ve arranged to borrow additional funds as part of the remortgage — for example, for home improvements, debt consolidation or another agreed purpose — any remaining balance will usually be sent to your nominated bank account once the existing mortgage has been repaid.
Your solicitor or conveyancer will then deal with the final legal formalities, including registering the new lender’s charge against the property.
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Sign the Mortgage Deed
The mortgage deed is the legal document that gives the new lender security over your property, in exchange for the loan.
You’ll usually need to sign it in the presence of an independent witness and return it to your solicitor or conveyancer before the remortgage can complete.
Your solicitor / conveyancer will let you know exactly how it needs to be signed and whether any additional documents are required.
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Lender Issues Your Mortgage Offer
Once your new mortgage has been approved, the lender will issue a formal mortgage offer and send a copy to your solicitor or conveyancer.
They’ll review the offer, check any legal requirements or special conditions, and make sure they have everything needed to proceed.
If anything needs to be signed or completed before the remortgage can go ahead, they’ll let you know what’s required.
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Receive Your Client Care Pack
Your solicitor or conveyancer will usually send you a client care pack or questionnaire at the start of the legal process. This sets out what they need from you before they can begin work, which may include identification, signed forms and other information about the property or mortgage.
It’s important to complete and return everything promptly, as the legal work cannot usually progress until the conveyancer has the information and documents they need.
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Final Checks & Completion Date Set
Once all of the lender’s legal requirements have been satisfied and your solicitor or conveyancer has everything they need, they’ll agree a completion date for the remortgage.
If you’re currently on a fixed-rate deal, completion is often arranged for the day after the fixed rate ends so that your existing mortgage can be repaid without triggering an Early Repayment Charge. The exact timing will depend on your lender’s terms and the date your current deal expires.
Before completion, your solicitor / conveyancer will carry out final checks, confirm the amount needed to repay your current lender and make sure the new mortgage funds are ready to be released.
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Instruct a Solicitor
You’ll usually need a solicitor or conveyancer to handle the legal work involved in a remortgage to a new lender. Depending on the mortgage product, the lender may provide and pay for a solicitor or conveyancer, or they may offer cashback on completion towards the cost of using a solicitor of your choice.
If the lender doesn’t provide a legal service and you don’t already have a solicitor or conveyancer, your mortgage adviser can help arrange this and provide you with their details.
And that’s it — your remortgage is complete.
The legal process may not be the most exciting part of remortgaging, but it’s an important part of making sure your existing mortgage is repaid correctly and your new lender’s charge is registered.
At Delta Mortgages, we stay involved throughout the process, helping to keep things moving, following up with solicitors where needed, and keeping you updated through to completion.
That means you can spend less time chasing paperwork and more time focusing on your plans for the money, your home, or simply enjoying the fact that the remortgage is done!
How to Prepare for a Remortgage
A little preparation before you apply can make the remortgage process easier and help you understand which lenders and products may be available.
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Check Your Credit Report
It can be worth checking your credit report before applying so that you can identify any incorrect or unexpected information.
Make sure payments on mortgages, loans, credit cards and other commitments are kept up to date where possible, and check that your address and electoral roll information are accurate.
A lower credit score does not automatically prevent you from remortgaging, but different lenders treat credit history differently.
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Avoid Taking on Unnecessary New Borrowing
New loans, credit cards, car finance or other commitments can affect a lender’s affordability assessment.
If you are planning to remortgage shortly, it can therefore be sensible to discuss significant new borrowing with your mortgage adviser before committing to it.
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Have Your Documents Ready
The documents required will depend on your circumstances, but lenders may ask for evidence such as payslips, bank statements, accounts, tax documents and identification.
Having these available early can help avoid unnecessary delays once an application is submitted.
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Review Your Property Value and LTV
If your property has increased in value or your mortgage balance has reduced, your loan-to-value may have improved.
Different mortgage products are available at different LTV levels, so an updated property valuation can affect the range of products available
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Check Your Current Mortgage Terms
Before switching, it is important to understand your existing mortgage balance, current rate, deal end date, and any Early Repayment Charge that may apply.
We’ll review these as part of your remortgage assessment and compare the cost of staying with your current lender, against the alternatives available elsewhere.
Remortgaging with Bad Credit
Having previous credit problems doesn't automatically mean you can't remortgage.
The options available will depend on the type of credit issue, how recently it occurred, the amount involved, your payment history since then, your income, affordability and the amount of equity you have in the property.
Credit issues lenders may consider include:
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missed or late payments
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defaults
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County Court Judgments (CCJs)
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debt management arrangements
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previous mortgage arrears.
Different lenders assess these circumstances differently. Some lenders may not accept a particular type of credit issue, while others may consider it depending on its age, value and the wider circumstances.
Your loan-to-value can also be important. Having more equity in the property may increase the range of lenders willing to consider an application, although lender criteria will still apply.
A Delta adviser can review your credit history and circumstances before an application is submitted, and identify lenders whose criteria may be more appropriate.
When Might Remortgaging Not Be Worthwhile?
Moving to a different lender is not automatically the right option every time.
There may be circumstances where staying with your existing lender, waiting, or making no change is more appropriate.
For example:
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Early Repayment Charges are high: the cost of leaving your existing mortgage early could outweigh any potential saving from moving.
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Your existing lender has a suitable product transfer: staying with your current lender may provide a competitive option with less paperwork and fewer additional costs.
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The mortgage balance is relatively small: product fees, legal costs and other charges can have a greater impact when the remaining mortgage balance is low.
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There is only a short mortgage term remaining: there may not be enough time to recover the costs involved in switching.
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Your circumstances have recently changed: a new job, reduced income, new borrowing or recent credit problems could affect the lenders available to you.
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The overall cost of switching is higher: a lower headline rate does not necessarily produce a lower overall cost once all fees and charges are included.
Our remortgage review considers both staying with your current lender and moving elsewhere. If switching lenders doesn't appear worthwhile, we’ll explain the alternatives available to you.
Frequently Asked Questions - Getting a Remortgage
Remortgaging can involve several different decisions, from when to start reviewing your options to whether you should stay with your current lender or move elsewhere.
Below are answers to some of the questions we’re most frequently asked about remortgaging.
Yes. You can remortgage before your current deal finishes, although your existing lender may charge an Early Repayment Charge (ERC).
Whether switching early makes sense depends on the size of the ERC, any fees associated with the new mortgage, the rate available and how much you could potentially save overall.
Your Delta Mortgage Adviser can compare the total cost of staying with your existing deal against the cost of switching, helping you decide whether remortgaging early is worthwhile. Get in touch with us to review your options.
It is usually sensible to start reviewing your options around three to six months before your current mortgage deal ends. If you're an existing Delta Mortgages customer, your adviser will get in touch to review your circumstances around six months before.
Starting early gives you time to compare available products, complete affordability and underwriting checks and secure a new deal before your existing mortgage moves onto the lender's Standard Variable Rate.
Depending on the lender and product, it may also be possible to review your options again before completion if mortgage rates change.
It can be, but the potential savings need to be weighed against any costs involved.
If your mortgage balance is relatively small or you only have a short time left before it is repaid, arrangement fees, legal costs and other charges could outweigh the benefit of switching to a lower rate.
We can compare the overall cost of your existing mortgage with the alternatives available to help you decide whether remortgaging is worthwhile.
Yes. Being self-employed does not prevent you from remortgaging, although lenders may assess your income differently from someone who is employed.
Many lenders prefer applicants to have an established trading history, but some may consider applicants with a shorter period of self-employment depending on their circumstances - especially if your new business is in the same or similar line of work as you were doing before becoming self-employed.
The way your income is assessed can also depend on whether you are a sole trader, partner or limited company director. A mortgage adviser can identify lenders whose criteria are better suited to the way you earn your income.
The documents required vary between lenders and depend on how your business is structured.
You may be asked to provide items such as tax calculations, tax year overviews, business accounts, bank statements and evidence of your current income.
Limited company directors, sole traders and partners can all be assessed differently, so it is important to understand which income figures a particular lender will use before submitting an application.
A competitive remortgage deal is not always the mortgage with the lowest headline interest rate.
It is important to consider the overall cost, including arrangement fees, valuation fees, legal costs, cashback, Early Repayment Charges and any incentives included with the mortgage.
Your adviser at Delta can compare products from across the whole mortgage market and recommend an option based on your circumstances, priorities and longer-term plans.
If you are moving your mortgage to a different lender, legal or conveyancing work will normally be required to transfer the mortgage and update the lender's legal charge over the property.
Some remortgage products include a free legal service with their preferred solicitor firms, while others may provide cashback that can be used towards legal costs with a solicitor of your choosing.
If you are simply switching products with your existing lender, legal work is not normally required.
Yes, in some cases a 'transfer of equity' can be completed at the same time as a remortgage. This can be useful where one owner is buying out another and needs to raise funds through the remortgage to do so.
A transfer of equity is where someone is added to or removed from the legal ownership of a property. This commonly happens following a separation, when adding a partner to the mortgage, or when changing ownership arrangements between family members.
The new or remaining borrower will normally need to meet the lender’s affordability and eligibility criteria, and legal work from a solicitor will be required to update the ownership of the property and the lender’s charge.
There may also be tax and legal implications depending on the circumstances, so it is important to take appropriate legal and tax advice alongside your mortgage advice.
Potentially, yes.
The mortgage options available will depend on factors such as the type of credit issue, how recently it occurred, the amount involved, your current financial position and the lender's individual criteria.
Missed payments, defaults, County Court Judgments and other credit issues do not automatically mean you cannot remortgage. Specialist lenders may consider applications that do not meet mainstream lending criteria.
Your Delta mortgage adviser can review your circumstances without judgement before an application is submitted, and help identify lenders that may be more appropriate.
Yes. There are mortgage options available for borrowers approaching retirement and for people who have already retired.
Lenders will consider factors including your age, retirement income, affordability, the proposed mortgage term and how the mortgage will be repaid.
Depending on your circumstances, options could include a standard residential mortgage or a specialist later-life lending product. Advice is particularly important because different products can have very different features, costs and eligibility requirements.
No, the lowest interest rate does not necessarily mean the lowest overall cost.
A mortgage with a slightly higher rate but lower fees may work out cheaper than a low-rate product with a large arrangement fee. Early Repayment Charges, cashback, free valuations, legal incentives and flexibility can also affect the overall value of a mortgage.
The right comparison is therefore based on the total cost of the mortgage over the period you expect to keep it, rather than the interest rate alone. Your Delta Mortgage Adviser will calculate this and factor it into the personalised advice they give you.
How to remortgage with Delta Mortgages
A remortgage is about more than simply finding a new interest rate.
We’ll review your existing mortgage, take time to understand what you want to achieve, and compare staying with your current lender against suitable alternatives across the mortgage market.
Our service includes:
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Whole-of-market research – we can consider products from a wide range of lenders, rather than being restricted to one lender.
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Existing lender comparison – we’ll compare a product switch with the options available elsewhere.
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Total-cost comparison – we consider rates, product fees, Early Repayment Charges and relevant incentives rather than focusing only on the headline rate.
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Application support – if you move lender, we’ll prepare the application, deal with lender queries and help keep the process moving.
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Support through to completion – we’ll stay involved with the lender and solicitor or conveyancer where needed.
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Ongoing rate reviews – where the lender permits product changes before completion, we can review whether a lower-rate or more suitable product becomes available.
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Future mortgage reviews – we’ll contact our existing clients ahead of the end of their new deal, so their options can be reviewed again.
Your initial consultation and remortgage review is free of charge and without obligation.
If staying with your existing lender and completing a product switch is the most suitable option, we don't charge a broker fee for arranging the switch.
If you decide to remortgage to a new lender, this usually involves more work than a product switch, so our standard advice and application fees may apply. We’ll explain any fees clearly before an application is submitted.
Your property could be repossessed if you do not keep up repayments on a mortgage, or any debt secured on it.
Written and reviewed by: Lauren Drake
Credentials: Mortgage, Protection & Equity Release Adviser – CertCII (MP & ER)
Date last reviewed: 17 September 2026
This page has been reviewed for accuracy and relevance. Mortgage criteria, product availability and legislation can change.
