Get personalised remortgage deals, in a few clicks

Remortgaging with Sprive could save you up to £300* on your mortgage every month.

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How to remortgage
with Sprive

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Enter your info

Share some basic information about your current mortgage.

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View deals

See personalised mortgage deals we’ve found for you from across 90+ lenders.

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Chat with an expert

Book a call with a mortgage expert for free and secure your next deal.

Let’s get started. Tell us about
your existing mortgage.

By sharing some information about your current mortgage deal, we’ll be able to show you personalised deals and connect you to a vetted mortgage advisor.

How much do you have left to pay on your mortgage?


How many years are left on the mortgage?


How much is the property worth?



You own0%of your home

Do you live in the property or rent it out?

When does your existing mortgage come to an end?

Where is your property?

Who is your current mortgage with?


- The mortgage advisor we connect you may recommend deals that are not listed on the Sprive website

- Deals get refreshed daily, so a product we show you may not be available by the time our expert submits your application


“I recently remortgage with Sprive and I couldn't be happier with the experience. From start to finish, they made the process incredibly simple and efficient, surpassing my expectations in every way.”

Jenny Holden


Have a question about remortgaging? Check out our FAQ’s

How does Sprive help with remortgaging?

If you’re using the Sprive app to mortgage overpayments, then you’ll unlock the ability for our smart technology to compare your mortgage against the market every day and see live personalised deals within the app. At the right time, we’ll connect you to a mortgage expert who will help you secure the right deal for you for free. It’s a fast way to switch as we already know a lot about you and your mortgage. By switching via the app flow, we’ll seamlessly help you make mortgage overpayments on your new mortgage and be able to automatically take into account any early repayment charges associated with your new mortgage

If you’re not a user of the app, we can still help you. Simply book an appointment with an expert via our website.

What is Remortgaging?

Remortgaging is the process of switching your current mortgage to a new lender or negotiating a new deal with your current lender. The main reasons for remortgaging are to save money on your mortgage payments, release equity from your property, or change the terms of your mortgage agreement. Read our blog here to learn more on the benefits of remortgaging with us as a Sprive app user.

What is the difference between mortgage and remortgage?

A mortgage is a loan you take out to buy a property, while a remortgage is when you switch your existing mortgage to a new one. When you first take out a mortgage, it is typically for a fixed term, usually between 2 and 5 years. After this initial period, you can either stay on the same mortgage deal or switch your current deal to a new deal by remortgaging.

Is it cheaper to remortgage or get a new mortgage?

Remortgaging can be cheaper than getting a new mortgage, depending on the interest rates and fees involved. When deciding between remortgaging or getting a new mortgage, consider the following factors:

  • Compare the interest rates and fees involved to determine which option is cheaper
  • Consider the length of the mortgage term
  • Look at any penalties for early repayment
  • Think about your long-term financial goals

Remember to shop around and compare deals to find the best option for your individual circumstances.

Why should I remortgage?

People remortgage for various reasons, including securing better interest rates across the mortgage market, accessing equity to fund home improvements, or switching to a different type of mortgage (for example, away from a fixed rate deal to one with the lender's standard variable rate). Additionally, it can be a way to consolidate debt into a single payment. For more information, read our blog here.

What are the key factors I need to consider when I remortgage?

When remortgaging, consider factors like fees, interest rates, mortgage term length, and any penalties for early repayment. It's also important to think about your long-term financial goals and whether remortgaging aligns with them and the purpose behind it.

For example, if you’re considering releasing equity from your home to finance a second property, it's essential to evaluate the investment potential of the money you release. Additionally, using the equity for home improvements could increase your property's value and yield a better return on investment.

When releasing equity, it's crucial to consider the impact on your overall financial situation, including the potential for higher mortgage payments and longer repayment terms. Before deciding to remortgage, it's advisable to speak to an independent financial advisor to ensure that you're making an informed decision.

What are the expenses associated with a remortgage?

When you decide to remortgage your property, there are several fees associated with the process. Here are some of the common fees you may encounter:

  1. Valuation fee: This is the cost of having your property valued by a surveyor to determine its current market value.
  2. Arrangement fee: This is the fee charged by your lender for setting up your new mortgage. It can be a flat fee or a percentage of your loan amount.
  3. Legal fees: You will need to hire a solicitor or conveyancer to handle the legal aspects of your remortgage.
  4. Early repayment charges: If you are remortgaging before the end of your current mortgage term, you may be charged an early repayment fee.
  5. Exit fee: Your current lender may charge you an exit fee for leaving their mortgage
  6. Broker fee: If you use a mortgage broker to find your new mortgage deal, they may charge a fee for their services.

There may be additional costs involved and that’s why it's important to factor them into your budget. For more information, read our blog here.

Am I eligible for a remortgage?

You’re typically eligible to remortgage 6 months before your existing deal expires. Once your deal expires, your interest rate interest rate will revert to the Standard Variable Rate (SVR) of the current mortgage lender. If you switch within your deal period, you’re likely be charged an early repayment charge.

When considering a remortgage, your eligibility will depend on factors such as your credit score, income, and equity in your home. Lenders will also look at your existing mortgage and debts to ensure you can manage repayments. Eligibility criteria may vary among lenders, so it's important to compare offers to find the best deal for your situation.

Should I remortgage with my current lender or a new mortgage lender?

When it comes to deciding whether to remortgage with your current lender or switch to a new mortgage lender, there are benefits to both. At Sprive, we have access to mortgage experts who can help you with both. The benefits of sticking with your existing lender include:

  • Interest Rates: If you have an established relationship with your lender, they may offer you a more competitive interest rate than a new lender would.
  • Fees & Charges: If you have a good payment history and a strong credit score, you may be able to negotiate with your current lender to waive or reduce certain fees, such as arrangement or valuation fees.
  • Simplified Application Process: You may be able to avoid a credit check or a full affordability assessment, as your lender already has access to your payment history and financial information.

On the other hand, benefits of choosing a new lender include:

  • Interest Rates: You may find better deals and potentially lower interest rates if you shop across multiple lenders to ensure that you're getting the best possible deal.
  • More Variety: If you're looking for a particular type of mortgage product, such as a flexible mortgage or an interest-only mortgage, you may need to look beyond your current lender to browse mortgage deals and find the right product for you.

What are the risks of remortgaging?

Remortgaging can have its downsides, including:

  • Fees and costs involved: Remortgaging can be more expensive than expected due to fees and costs like arrangement fees, valuation fees, legal fees, and exit fees.
  • Longer repayment term: Remortgaging to release equity or consolidate debt may extend the repayment term, resulting in paying more interest over the life of the mortgage.
  • Risk of negative equity: If the value of your property decreases, you may end up in negative equity, making it difficult to remortgage or sell your property.
  • Impact on credit score: Remortgaging can affect your credit score, making it harder to obtain credit in the future.
  • Risk of repossession: If you use your property as security for the loan and can't keep up with repayments, you could be at risk of losing your home.

It's important to consider the potential downsides and assess whether remortgaging is the best option for your financial situation.

Do I pay less when I remortgage?

Remortgaging can potentially result in lower monthly payments or a lower interest rate, but it depends on the specific deal you can secure.

You may be able to save money by remortgaging to a new fixed or variable rate deal at a lower interest rate, but it's important to compare offers and consider the fees and costs involved depending on whether you’re sticking with your current lender or choosing a new lender.

If you're remortgaging to release equity or consolidate debt, consider the impact of a longer repayment term and increased interest costs over the life of the mortgage.

How does my credit score affect my remortgage?

Your credit score will play a significant role in whether or not you are eligible for a remortgage, as well as the interest rate you are offered. Lenders will use your credit score to assess your risk as a borrower and determine whether or not to offer you a remortgage.

However, if you have bad credit, you may find it challenging to remortgage. But it can actually help rebuild your credit score, as it can consolidate debts, provide better credit terms, and lower monthly payments over time. Having bad credit doesn't mean you cannot remortgage, and it's worth exploring your options to see if it could benefit your financial situation.

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