Remortgage

Looking to switch your mortgage or release equity from your home? Explore our remortgage options to see how you can save on monthly payments, access better rates, or raise capital for your next move.

Mortgage Type

Remortgage With Capital Raising

Product Transfer Mortgages

WIS Mortgages helps homeowners across the UK remortgage to a better deal — whether you want a lower rate, lower monthly payments, or to release equity from your home. As a whole-of-market broker, we compare deals from a wide panel of lenders and manage the process from start to completion.

What is remortgaging?

Remortgaging means switching your current mortgage to a new deal — either with your existing lender or a new one. Most homeowners remortgage when their fixed or introductory rate ends, to avoid moving onto the lender's higher standard variable rate (SVR). Done at the right time, remortgaging can save you money — but the best option always depends on your circumstances.

Why people remortgage

To get a better rate

Avoid rolling onto an expensive SVR when your current deal ends.

To lower monthly payments

Secure a lower rate or adjust your term to ease your budget.

To release equity

Fund home improvements or other plans through capital raising.

To buy another property

Release equity to put towards another home or investment.

To switch product type

For example, moving between repayment and interest-only.

To consolidate borrowing

Bring borrowing together against your home, subject to advice.

When should you remortgage?

The best time to start is usually 3–6 months before your current deal ends. A mortgage offer is typically valid for up to 6 months, so you can secure a new rate early and switch the day your old deal finishes — avoiding the SVR. WIS Mortgages can review your deal and advise on the right time to act.

Remortgage costs and fees explained

Remortgaging usually costs far less than your original mortgage, but it is rarely completely free. Knowing the likely costs upfront helps you compare deals on their true all-in value, not just the headline rate. WIS Mortgages always factors these into the advice, so you can see whether a lower rate genuinely saves you money once fees are included.

Arrangement / product fee: Charged by some lenders on certain deals. It can often be added to the loan, though you then pay interest on it over the term.
Valuation fee: A charge for the lender to assess your property's value, though many remortgage deals include a free valuation.
Legal / conveyancing fees: Lower than a purchase because less work is involved, and many remortgage products include free standard legal work.
Early repayment charge (ERC): If you leave your current deal before it ends, your existing lender may charge a percentage of the balance. Always check this before switching.

A lower rate with a higher product fee is not automatically the better deal — the right choice depends on how long you plan to keep the product. WIS Mortgages compares the total cost over your deal period, not just the rate.

Do you pay stamp duty on a remortgage?

In most cases, no. A standard remortgage — switching your deal or borrowing more against a property you already own — does not transfer ownership, so no Stamp Duty Land Tax (SDLT) is due. This is true even if you increase your borrowing to fund home improvements or consolidate debt.

Stamp duty can only arise where the remortgage also involves a transfer of ownership — for example, adding a new partner to the deeds after marriage, or transferring a share of the property to someone taking on part of the mortgage. These are specialist situations, and WIS Mortgages can help you understand whether they apply to you before you proceed.

Remortgage vs product transfer: what's the difference?

Many homeowners aren't sure whether to switch to a new lender (a full remortgage) or stay with their current one (a product transfer). Both have their place — here's how they compare.

Factor	Full Remortgage (new lender)	Product Transfer (same lender)
Choice of deals	Whole of market — widest range of rates	Limited to your current lender's products
Speed	Slower — new application and legal work	Faster — often no legal work or valuation
Affordability checks	Full checks with the new lender	Usually minimal or none
Borrowing more	Yes — can raise capital / release equity	Not usually — rate switch only
Best suited to	Those wanting the best rate or extra borrowing	Those wanting a quick, simple switch

WIS Mortgages compares your lender's product transfer offer against whole-of-market remortgage deals, so you can see which is genuinely better for your situation — not just the easiest option.

Your remortgage options with WIS

Remortgage with Capital Raising →

Release equity from your home for improvements, consolidation, or another property.

Product Transfer Mortgages →

Switch to a new deal with your existing lender — often the quickest route.

The WIS remortgage process

We review your current mortgage and your goals.

We compare deals across our lender panel.

We handle the application and paperwork.

We track your case through to completion.

We keep monitoring the market for your next renewal.

Frequently asked questions

When is the best time to remortgage?

WIS Mortgages recommends starting 3–6 months before your current deal ends, so you can lock in a new rate and switch as soon as your existing deal finishes.

Can I remortgage to release equity to buy another property?

Yes — WIS Mortgages can arrange a capital-raising remortgage that releases equity from your current home to put towards another property, subject to affordability and lender criteria.

Can I remortgage with my current lender?

Often yes — this is called a product transfer, and it can be the fastest option. WIS Mortgages compares it against whole-of-market deals to make sure it is genuinely the best choice for you.

Can I remortgage with bad credit?

In many cases, yes. WIS Mortgages works with specialist lenders who consider applicants with adverse credit.

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