Compare the cost of a change
Enter your remaining mortgage balance and two sets of illustrative terms. The comparison shows what happens to the monthly payment and modelled interest if the rates stay unchanged. It cannot tell you whether a new deal is available or whether switching is worthwhile.
This models a capital-and-interest mortgage with monthly payments and an unchanged rate throughout each remaining term. It excludes future rate changes, overpayments, insurance, taxes and fees added to the loan. Your figures stay in your browser and are not sent to Count Ready.
Extending the term can reduce the monthly payment while increasing the interest paid over time. Look at both figures before deciding.
An early repayment charge and new deal costs can outweigh an apparent benefit. Ask your current lender for exact charges and compare available options.
The rate on a real mortgage may change before the loan ends. A full-term calculation at one rate is only a way to explore the numbers, not a forecast.
Find your balance, deal end date, current rate, remaining term and any early repayment charge. Enter fees paid upfront here; ask an adviser to model fees added to a new loan.
Ask about a product transfer with your existing lender as well as a move to a new lender. Compare fees, rate periods, repayment type and the balance left at the same point in time.
If you are self-employed, have changed business structure or have variable profits, read our self-employed remortgage guide before seeking advice.
No. It compares two constant-rate examples using the figures you enter. A lower monthly payment can still mean more interest overall, especially with a longer term. Your actual options and costs need a current illustration.
You would make payments for longer, so interest can accrue over more months. This can happen even when the proposed rate is lower.
Yes, if one applies to the date you intend to switch. Ask your lender for the exact amount and check whether waiting until the charge ends changes the comparison.
This comparison is for capital-and-interest repayments only. Use our repayment calculator to explore interest-only or part-and-part monthly payments, then discuss the capital repayment plan and full costs with an adviser.
Potentially, but the options depend on the lender's current criteria and your circumstances. Trading history, income evidence, commitments, property and credit record may matter. An adviser can compare the evidence needed for suitable options; advice cannot guarantee acceptance.
Need a real comparison?
Tell Count Ready when your current deal ends, what you still owe and whether your income has changed. We can explain the next steps and the information an adviser may need. Your initial evaluation is free; any applicable advice or application fees are agreed before chargeable work.
Request a remortgage conversationYour home may be repossessed if you do not keep up repayments on your mortgage.
