Compare Remortgage Rates & Deals Online

If you’re looking to remortgage, whether to get a lower rate, borrow more, or switch to a better deal after your fixed term ends, it’s vital to weigh up all your remortgaging options. Here, we’ll explain how you can compare today’s best remortgage rates in the UK, what impacts them, and how to find the right deal.

Compare the best current UK remortgage rates

With interest rates shifting regularly, it’s worth keeping up to date with today’s rates if you’re considering remortgaging in the near future. Our remortgage comparison tool below lets you view live rates from over 90 UK lenders, helping you find the most competitive option based on your property and needs.

You can tailor your search by adjusting the loan size, mortgage scheme type (fixed, tracker, variable), and term length to suit your situation. Results can be sorted by interest rate or total cost, allowing you to identify not only the cheapest rate but also the best overall value.

Whether you’re remortgaging to save money, release equity, or switch to a more suitable product, you can compare all the best rates currently available in the UK for free on Teito.

Factors that impact your remortgage rate

Several factors will determine the rates you'll be offered when remortgaging. Here are the key areas that can influence your remortgage rates:

• Deposit and LTV: The more equity you’ve built in your property, the lower your loan-to-value ratio (LTV), and generally, the better the rate for remortgaging. Most lenders reserve their best remortgage rates for those with an LTV under 60%, but it’s still possible to find competitive rates up to a 90% LTV (meaning a 10% deposit) with flexible lenders.

• Credit history: Your credit file plays a key role in the remortgage rates you're eligible for. If you’ve missed payments, had defaults or CCJs since your original mortgage, this could limit your options or result in higher rates. However, there are bad credit lenders specialising in remortgages for people with adverse credit.

• Mortgage type and product: You’ll typically be choosing between fixed-rate and variable (including tracker) remortgage products. Fixed-rate mortgages are popular for their stability, but your rate will be determined by the long-term economic outlook, which is extremely difficult to predict or judge.

• Income and affordability: Lenders may reassess your affordability when you remortgage, especially if you’re switching lenders or borrowing more. If you’re employed and paid via PAYE, the process can be straightforward. If you're self-employed or have complex income, some lenders are more flexible than others, which can influence the rates.

• Term length and remortgage purpose: Whether you’re simply switching to a better deal or looking to release equity can affect your rates. Remortgaging to borrow more (for home improvements, debt consolidation, etc.) may change your risk profile in the eyes of some lenders. Additionally, the length of your new term will impact the total interest.

• Property type and other factors: If your home is non-standard construction, fewer lenders may be willing to offer remortgage deals with the best rates. Other factors, such as your age, employment history, and whether the property is leasehold or freehold, can also impact the rates on offer.

Will existing customers get the best rate from lenders?

Usually not. While your current lender may offer a product transfer or a new remortgage rate at the end of your fixed term, it’s rarely the most competitive option on the market. This is partly because your existing lender is banking on the fact that you don’t want to go through the perceived effort of moving elsewhere.

However, sticking with your current lender without comparing rates could cost you thousands over the life of your mortgage. That’s why it’s essential to shop around first, even if you end up staying with your existing lender. It’s always worth seeing what remortgage rates are currently available if you’re in a position to switch.

You may be able to avoid new affordability checks if you stay with your current lender, but this convenience doesn’t always outweigh potential savings elsewhere.

Are the cheapest rates available through a broker?

Yes, this is often the case. A broker can compare remortgage rates from lenders across the UK, including small or niche lenders that can be difficult to find. Also, experienced brokers will have access to exclusive remortgage rates and deals that aren’t advertised or available to the general public.

With Teito, you can use our free comparison tool to explore remortgage rates yourself, or we can connect you with a skilled mortgage broker who can find the best lender and the most flexible remortgage options for your needs.

You can compare rates online with us, but if you’d prefer some in-depth guidance, choose the 'speak to an adviser' option to book a free, no-obligation chat with one of our remortgage specialists.

Compare today's best remortgage rates for free

Speak to an Adviser Compare Rates

How to compare buy-to-let remortgage rates

If you’re remortgaging a rental property, buy-to-let (BTL) mortgage rates typically differ from residential mortgage rates. Often, they are slightly higher and may require a larger deposit (usually at least 25%).

However, the strength of your repayment plan can make a difference, and affordability is based on the expected rental income of the property rather than your personal income.

You can compare buy-to-let remortgage rates using our comparison tool above. Simply select "Buy-to-Let" under the mortgage type section to see all the latest live rates.

Bad credit remortgage rates

It’s still possible to remortgage with poor credit, but the rates available will depend on several factors:

• Severity and age of the adverse credit: Recent or severe issues, such as a bankruptcy or IVA, can make things more challenging, whereas missed payments, defaults, or CCJs from years ago might not impact your rates.

• Your overall credit profile: If your poor credit is due to minor issues and your application is strong elsewhere in terms of your income and level of equity, you’ll have more borrowing options for your remortgage.

• Lender policy: Some lenders specialise in applicants with bad credit and may be more flexible than others, offering competitive remortgage rates even with past credit issues.

Using a broker is often the best route because they can match you with the right lender based on your specific credit profile. This makes it more likely you’ll find the cheapest remortgage rates while also avoiding any unnecessary rejections.

Why choose Teito for your remortgage?

You can use our free comparison tool to check the latest remortgage rates from over 90 lenders across the UK. But if you’d prefer some guidance, we also offer the option to speak with an expert broker who can help you secure the best deal based on your personal circumstances.

Our brokers specialise in remortgages and understand which lenders are most likely to offer you the cheapest rates, even if your situation doesn’t quite fit mainstream criteria. They’ll also know where to find exclusive remortgage rates and products that aren’t available when applying directly.

Here are a few more reasons why people across the UK choose Teito when remortgaging:

• Compare the best remortgage rates from 90+ UK lenders

• With a broker, your first chat is free, with no obligation to proceed

• We have 5-star ratings across leading review platforms

• Access to exclusive remortgage rates and deals

Ready to take advantage of a free, no-obligation chat with a broker who specialises in remortgages? You can get started here.