- Uswitch.com>
- Mortgages>
- Compare Remortgage Rates And Deals
Remortgage deals
Finding the right remortgage deal can be a challenge. Should you change lender or stay put?
To help you navigate this, consider a remortgage comparison call with our expert broker partner, Mojo Mortgages. They’ll compare the latest remortgage rates available in February 2026, helping you to make the right choice for your needs.
How to compare remortgage rates and deals with Uswitch
1. Tell us your mortgage needs
2. Get a recommendation from across 1000s of remortgage deals
3. Secure more than just a remortgage offer
Best remortgage rates
This table shows some of our partner Mojo's best 2 year and 5 year fixed remortgage deals based on their initial rates available at different loan-to-value (LTV) ratios. This initial rate is what you pay throughout the introductory period (for a 2 year fixed-rate mortgage, the introductory period is two years).
The APRC (Annual Percentage Rate of Change) is included after each initial rate. APRC provides an overall picture of the mortgage deal, taking fees and the lender's standard variable rate (SVR) you typically fall onto after the introductory period into account.
This can be useful when comparing different mortgage deals, but doesn't consider that many people remortgage onto another deal before they move onto the SVR.
Your property may be repossessed if you do not keep up with your mortgage repayments.
| LTV | Best 2 year fixed rate remortgages | Best 5 year fixed rate remortgages |
|---|---|---|
| 90% | Bank Of Ireland Initial rate: 3.99% | APRC: 6.6% Repayment mortgage of £270,000.00 over 25 years, representative APRC 6.6%. Repayments: 26 months of £1,423.67 at 3.99% (fixed), then 274 months of £1,862.68 at 6.94% (variable). Total amount payable £547,389.74. Early repayment charges apply until 30-Apr-2028. Arrangement, mortgage discharge, valuation and CHAPS fees total £1705. Legal fees £258. | HSBC Initial rate: 4.14% | APRC: 5.6% Repayment mortgage of £270,000.00 over 25 years, representative APRC 5.6%. Repayments: 63 months of £1,444.74 at 4.14% (fixed), then 237 months of £1,716.82 at 6.24% (variable). Total amount payable £497,904.96. Early repayment charges apply until 31-May-2031. Arrangement, mortgage discharge, valuation and CHAPS fees total £999. |
| 80% | Bank Of Ireland Initial rate: 3.92% | APRC: 6.6% Repayment mortgage of £240,000.00 over 25 years, representative APRC 6.6%. Repayments: 26 months of £1,256.23 at 3.92% (fixed), then 274 months of £1,654.85 at 6.94% (variable). Total amount payable £486,090.88. Early repayment charges apply until 30-Apr-2028. Arrangement, mortgage discharge, valuation and CHAPS fees total £1705. Legal fees £258. | HSBC Initial rate: 3.99% | APRC: 5.5% Repayment mortgage of £240,000.00 over 25 years, representative APRC 5.5%. Repayments: 63 months of £1,264.30 at 3.99% (fixed), then 237 months of £1,521.84 at 6.24% (variable). Total amount payable £440,326.98. Early repayment charges apply until 31-May-2031. Arrangement, mortgage discharge, valuation and CHAPS fees total £999. |
| 70% | Barclays Bank Initial rate: 3.78% | APRC: 5.6% Repayment mortgage of £210,000.00 over 25 years, representative APRC 5.6%. Repayments: 28 months of £1,083.11 at 3.78% (fixed), then 272 months of £1,300.79 at 5.74% (variable). Total amount payable £384,141.96. Early repayment charges apply until 30-Jun-2028. Arrangement, mortgage discharge, valuation and CHAPS fees total £1104. | HSBC Initial rate: 3.86% | APRC: 5.4% Repayment mortgage of £210,000.00 over 25 years, representative APRC 5.4%. Repayments: 63 months of £1,091.28 at 3.86% (fixed), then 237 months of £1,328.38 at 6.24% (variable). Total amount payable £383,576.70. Early repayment charges apply until 31-May-2031. Arrangement, mortgage discharge, valuation and CHAPS fees total £999. |
| 60% | HSBC Initial rate: 3.71% | APRC: 6% Repayment mortgage of £180,000.00 over 25 years, representative APRC 6%. Repayments: 27 months of £920.69 at 3.71% (fixed), then 273 months of £1,164.05 at 6.24% (variable). Total amount payable £342,644.28. Early repayment charges apply until 31-May-2028. Arrangement, mortgage discharge, valuation and CHAPS fees total £999. | HSBC Initial rate: 3.81% | APRC: 5.4% Repayment mortgage of £180,000.00 over 25 years, representative APRC 5.4%. Repayments: 63 months of £930.47 at 3.81% (fixed), then 237 months of £1,137.53 at 6.24% (variable). Total amount payable £328,214.22. Early repayment charges apply until 31-May-2031. Arrangement, mortgage discharge, valuation and CHAPS fees total £999. |
The above fixed rates are provided by Mojo Mortgages and updated every 12 hours. THEY MAY NOT BE AVAILABLE WHEN YOU'RE READY TO SUBMIT AN APPLICATION.
What does remortgaging mean?
Remortgaging means changing your mortgage without changing your home. Sometimes you can switch your mortgage to a different product with your existing lender (known as a product transfer) or you can select another mortgage product with an entirely different lender (known as a remortgage).
There are a wide variety of reasons that people may choose to remortgage their home, but often they want to save money or borrow more money.
Why might I want to remortgage?
There are several reasons why you might want to remortgage:
Remortgage to save money
There are a number of ways you could make both short term and longer term savings by remortgaging:
1. You're on your lender’s standard variable rate (SVR)
This rate is usually higher than other deals available so at this point, people often look at the best remortgage deals available to them, to see if they could save on their existing rate
2. You've gained equity in your home
If you've gained substantial equity in your home, the loan to value (LTV) ratio of your borrowing will have reduced. This means that the percentage of your borrowing has fallen compared to the cost of the property. As the best remortgage rates tend to be available to those with the lowest LTV, this might be a good time to look at your options
3. Interest rates are increasing
You're on a variable rate deal and there are increases in the Bank of England base rate, you may feel the need for more stability with your repayments. A fixed-rate mortgage can give you peace of mind, as the interest rate cannot increase until the fixed-rate period is over.
4. You want more flexibility with mortgage payments
One way to save money on your mortgage in the longer term is to repay it more quickly, as this reduces the total amount of interest you'll pay over the mortgage term. Some mortgages allow overpayments of up to 10% of the loan per year, but if you want to overpay more you might consider remortgaging to a deal with more flexible terms. An offset mortgage can also help you to pay your mortgage off sooner
Remortgage to borrow more
Some people remortgage to increase their borrowing, which can be helpful in a wide variety of circumstances:
To carry out home improvements
To pay for the costs of education or help get family members onto the property ladder
To consolidate debts
For large purchases, such as a car or holiday
It’s worth taking into consideration that this is not always the cheapest way to borrow money. While mortgage interest rates can be lower than those on a personal loan, you'll be paying interest on that additional balance for the entire length of your remaining mortgage term.
Get free expert remortgage advice
Some mortgage brokers will charge you a fee for comparing remortgaging options and offers. But don’t worry - our broker partner, Mojo Mortgages, offers a completely free service to help you get remortgage quotes.
Good times to remortgage
You’re coming to the end of your current fixed-rate deal or introductory deal period - you can set up a remortgage as far as six months in advance of the end date
You see a much better rate - bear in mind that you'll need to look at how much any early repayment charges (ERCs) will cost you to leave your existing deal, as they could outweigh the benefits of the better rate
You’re on a variable rate deal and the Bank of England base rate looks like it will rise soon - remortgaging to avoid increased interest rates may be possible, so long as your ERCs won’t end up costing you more
Your home has increased in value dramatically, reducing your LTV
Your current lender doesn’t offer the flexibility you would like, such as offsetting or the ability to overpay
You’re not tied into a deal that has ERCs to pay so can leave at any time
When it's best not to remortgage
If there are no better rates available than your existing one, in which case it’s probably not worth paying the fees involved with remortgaging, especially if you also have ERCs to pay
If you’re only a short way into a fairly long fixed period. The further you are from the end of your fixed or introductory rate term, the higher fees are likely to be. It’s unlikely you will benefit from remortgaging at this point, but ERCs tend to decrease the closer you are to the end of the deal
Your property value has fallen, causing your LTV to increase, or worse, putting you in negative equity (where you owe more than the current value of your home). If you're in negative equity, it's unlikely you'd be able to secure a remortgage
If you haven’t gained much equity in your home yet, as your property value hasn’t increased and you haven’t repaid much of the original loan. Lenders usually have a minimum equity requirement to remortgage
Your financial circumstances have changed for the worse, meaning that it would be difficult to qualify for a remortgage. You may still be able to do a product transfer with your existing lender, so long as you don’t want to borrow more
How to remortgage
When you remortgage your property, you essentially pay off your existing mortgage with another mortgage. This can either be with the exact same sized loan, usually at a different rate of interest, or with a larger or smaller loan, depending on your level of equity and what you plan to do.
The application should be similar to taking out your original mortgage, but it's a good idea to take remortgage advice first, to ensure you get the timing right for your circumstances and guidance on how remortgaging works.
Can I get a remortgage deal?
It depends on your current circumstances. When you remortgage your house with another lender, the same eligibility requirements apply as when you took out your original mortgage:
Affordability
Credit status
Age
Property type
LTV - equity in your home should have grown enough to cover a remortgage deposit, but some lenders allow you top up a shortfall with a cash deposit too.
Remortgaging in the current market
The current Bank of England (BoE) base rate was held 3.75% on the 5th February 2026 after a 25 basis point cut from 4% in December 2025. While there are no guarantees when it comes to how this might impact mortgage rates, this may be positive news for some homeowners looking to remortgage. Those remortgaging may be wondering whether to opt for a two or five year fixed rate, with industry analysts suggesting that mortgage rates are currently falling faster for shorter-term fixes.
You also have the option to remortgage with the same lender, known as a product transfer (or mortgage renewal). This can be a good option if your financial circumstances have changed and you might struggle to qualify for a remortgage, or if you’re simply looking for a quicker, more straightforward process. Speak to a broker to weigh up your options and get a remortgage quote. ”Laura Hamilton, Mortgage Expert
What are remortgage rates?
Remortgage rates vary from one deal to the next and one lender to another, but are usually competitive compared to the SVR (standard variable rate) that you fall onto when a fixed or variable rate introductory period ends.
These are typically among the highest rates offered by lenders, so it's a good idea to look at remortgage quotes around six months ahead of your deal expiry date.
What are current remortgage rates in the UK?
Remortgage rates tend to be bespoke to the applicant, depending on circumstances such as:
Financial circumstances
Credit score
Equity held in property
The cheapest remortgage rates are generally available to those with the greatest equity in their home. Keep up to date with today's current remortgage rates and speak to a broker to ensure you secure the best rate for you.
How to find the best remortgage deals
The best remortgage deals are available to those with the lowest LTV (so the greatest level of equity in their home).
However, the cheapest remortgage rates won't always reflect the best deal over all. Remember to also consider fees when calculating the overall cost of switching deals.
Our broker partner Mojo Mortgages has access to the latest remortgage rates available, and can carry out a full comparison of remortgage deals across the whole market on your behalf.
What are the fees for remortgaging?
Remortgaging is essentially taking out another mortgage - so most of the fees involved in taking out a mortgage will still apply. This could include any or all of the following:
Exit fees to leave
ERCs if you leave before the deal end date
Arrangement fees
Legal fees
Valuation fees
How to remortgage
Remortgaging typically includes researching and comparing deals, assessing how much you need to borrow, getting an agreement in principle, completing the full mortgage application, getting a property valuation and using a conveyancer to support you with the legal transfer to the new mortgage.
Remortgaging with a new lender usually takes several weeks though, if you stick with the same lender, you may find the process much quicker.
How to find the best remortgage deal
Remortgage rates tend to be bespoke to the applicant, depending on circumstances such as:
Your financial circumstances
Your credit history
How much equity is held in property
The cheapest remortgage rates are generally available to those with the greatest equity in their home (i.e. the lowest loan-to-value).
Speaking to a broker can help you secure the best rate for you. Our broker partner Mojo Mortgages has access to the latest remortgage rates available, and can carry out a full comparison of remortgage deals across the whole market on your behalf.
What fees will I need to pay when I remortgage?
Remortgaging is essentially taking out another mortgage - so most of the fees involved in taking out a mortgage will still apply. This could include any or all of the following:
Exit fees to close your mortgage account with your current lender
Early repayment charges if you leave before the deal end date
Arrangement fees, paid to the new lender for setting up your mortgage
Legal fees to cover the legal work involved in switching mortgages
Valuation fees so your lender can assess the property’s value
Booking fees, charged by some lenders when you apply for a mortgage
Deeds release fee to cover the costs of your lender sending over the title deeds to your solicitor
Some lenders will offer to pay your conveyancing fees or valuation fees as an incentive for switching to them. So it’s important to consider all additional fees when comparing remortgage deals to understand the overall cost.
Customer Reviews
Extremely reliable
From to start to finish,Mojo was very…
Extremely happy with the service
Remortgage FAQs
How does the LTV of my property affect remortgaging?
Lenders have a maximum LTV that they are willing to offer in any given scenario, depending on how well you meet the other lending criteria and how much you need to borrow.
As lower LTV borrowing is less of a risk to the lender, the interest rates offered tend to be more competitive.
The LTV is the percentage of the total cost of the property that you need to borrow. To calculate it, find out the total outstanding value of your mortgage, your property’s current value and then divide your outstanding mortgage balance by your property’s value:
Example:
You have £100,000 left to pay on your mortgage
Your property is worth £200,000
Divide £100,000 by £200,000
= 0.50.5 x 100 = 50 (or 50% LTV)
When you remortgage, the LTV will depend on:
How much of the original loan you have repaid
Whether your property has increased in value and;
Whether you need to borrow more money or are simply remortgaging for a better interest rate
How much can I borrow when I remortgage?
When you remortgage your house, you can either borrow the remaining outstanding balance on your mortgage - usually if you're just changing deals for a cheaper rate or to switch to a new fixed remortgage deal because your previous term has ended.
You may also be able to borrow more when you remortgage, but this will depend on your circumstances. Having more equity in your home can make it easier to borrow additional money when you remortgage, but you'll also need to prove you can afford to repay the larger amount.
How long does it take to remortgage my house?
Remortgaging usually takes about a month, which is the time you need to complete all the paperwork and have a valuation carried out on your home. When the process is over, you’ll be notified with a completion statement from your lender.
If you choose to remortgage with the same lender, this is known as a product transfer (or mortgage renewal). Because the lender already has all your details, product transfers tend to be quicker than remortgaging with a new lender. Some lenders offer digital product transfers which can be completed online very quickly.
Will I need to have my house valued when I remortgage?
If you remortgage with a new lender, you will need to have a property valuation. Much like you did when you took out the original mortgage.
If you use a product transfer to remortgage with your current lender, you won’t usually need to have a valuation, however, you may need to if your house has changed significantly in value.
Can I remortgage as an older borrower?
Historically older borrowers have had a harder time remortgaging, especially if they are nearing retirement age, due to the maximum age limits imposed by many lenders.
However, in recent years there has been a noticeable increase in flexibility in this area, with some lenders extending their maximum age of borrower and maximum age by which the mortgage needs to be repaid.
When nearing retirement age, many people reassess their finances, and a large part of this is likely to be looking at their remaining mortgage balance, and how they can live more comfortably in their later years.
People in these circumstances may consider more specialist products, such as:
Remortgaging onto a retirement interest-only mortgage (RIO) - often a helpful option for homeowners likely to fall short of repaying the final lump sum balance on an interest-only mortgage.
Remortgage onto an equity release product - always take qualified financial advice from an equity release specialist before considering this type of remortgage.
Can I remortgage with bad credit?
Yes, it’s certainly possible, depending on the level of your credit issue. There are bad credit lenders specifically intended to help people in these circumstances, although the remortgage rates tend to be higher.
If you’re concerned about your credit score, another option is to consider a product transfer. Your existing lender is unlikely to check your credit rating or affordability unless you’re increasing your loan amount or extending the term of your mortgage, so a product transfer can be an easier option.
Should I switch lenders or get a product transfer?
Choosing between a product transfer with your current lender or remortgaging to a new lender depends on lots of factors including interest rates, fees and your financial goals.
Switching lenders
You may be able to access more competitive interest rates from a new lender
A new lender may offer different features, such as the ability to overpay
You’ll be able to borrow more if you choose to
Product transfer
Often quicker and simpler, with no legal work involved or property valuation needed
Avoids potential exit fees from your current lender
May be a better option if your financial situation has changed and switching lenders would be difficult
Didn’t find what you were looking for?
Find out about other mortgages
Read some of our most popular guides
About the author
We’ve been featured in
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH YOUR MORTGAGE REPAYMENTS.
The FCA does not regulate mortgages on commercial or investment buy-to-let properties.
Uswitch makes introductions to Mojo Mortgages to provide mortgage solutions.
Uswitch and Mojo Mortgages are part of the same group of companies. Uswitch Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 312850. You can check this on the Financial Services Register by visiting the FCA website.
Uswitch Limited is registered in England and Wales (Company No 03612689) The Cooperage, 5 Copper Row, London SE1 2LH.
Mojo Mortgages is a trading style of Life's Great Limited which is registered in England and Wales (06246376). Mojo are authorised and regulated by the Financial Conduct Authority and are on the Financial Services Register (478215)
Mojo’s registered office is The Cooperage, 5 Copper Row, London, SE1 2LH. To contact Mojo by phone, please call 0333 123 0012.