Home Mortgages Mortgage guides Remortgaging

Remortgaging

Coming to the end of your current mortgage with your existing lender, or just looking for a better deal? Take a look at our range of mortgages and see if it makes sense for you to switch to first direct.

Reasons to remortgage

Save money

Interest rates change regularly so you may find a lower rate than your current deal, which could make your monthly mortgage payments lower – or mean you may be able to pay it off quicker.

Release equity

Instead of moving to a bigger house you might be thinking about an extension or conversion. Remortgaging is a way to release some equity in your property to pay for this.

If you simply want to pay off other debts, it's important to remember the amount you owe on your mortgage will go up but the value of your home may not.

Make sure you understand the risks with extra borrowing on your mortgage and that you can afford the new monthly payments as your home could be repossessed if you don’t keep up with your repayments.

Change in financial circumstances

People's personal circumstances change – like changes to your income or outgoings, or a major life event. If this happens you might decide that it’s time to review your mortgage.

Find the mortgage for you

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

You may also like

Our mortgages explained

We have lots of different mortgage options, from Repayment and Offset, to Fixed, Tracker and Standard Variable Rate. If you’re not sure what any of this means, we can help.

About our mortgages and rate types

How much can you borrow?

We have a handy calculator to give you a rough idea of what you may be able to borrow – simply add a few details and get an indication in seconds.

Try our calculator