Calculate Your Remortgage Costs & Savings
Frequently Asked Questions
How much does it cost to remortgage in the UK in 2026?
The total cost of remortgaging typically ranges from £1,000 to £3,500 including arrangement fees (£0–£2,000), valuation fees (£0–£500) and legal fees (£0–£500). Many lenders offer fee-free remortgage deals with free legal work and free valuation.
What is an early repayment charge (ERC)?
An early repayment charge is a penalty for paying off your mortgage before the end of your fixed or tracker deal. ERCs are typically 1–5% of the outstanding balance and are highest in the early years of the deal, reducing over time. Always check your ERC before remortgaging.
When is the best time to start remortgaging?
Start remortgaging 3–6 months before your current deal ends. This gives you time to research and complete the process before falling onto your lender’s standard variable rate (SVR), which is typically 1–3% higher than competitive remortgage deals.
Can I remortgage to release equity?
Yes. If your property has increased in value since you last mortgaged, you may be able to remortgage to a higher loan amount and release the difference as cash. This increases your total debt and monthly payments but can fund home improvements or consolidate debts.
Do I need a solicitor to remortgage?
For a product transfer with the same lender no solicitor is needed. If switching lenders, a solicitor or licensed conveyancer is required. Many lenders offer a free legal service for standard remortgages, saving £300–£500 in legal fees.