Is your deal ending, or do you need to change your mortgage? Compare the options against your actual balance, charges, plans and property before committing to a new rate.
Count Ready works with London homeowners by phone and online from Chelmsford. Our initial mortgage evaluation has no fee. We explain any applicable fees before chargeable work.
Start with your current mortgage statement and deal end date. Ask your lender what it offers you as an existing customer, then compare that with a mortgage from another lender over the same period. Include product fees, any early repayment charge, legal or valuation costs and the effect of changing the term. A new lender will assess your finances and the property before making an offer.
MoneyHelper's remortgaging guide explains the current-lender comparison and the costs of switching.
A product transfer changes your mortgage deal with the current lender. It may involve less paperwork for a straightforward switch, but the lender decides what checks are needed and which deals are available to you.
Ask about the new rate, product fee, term, repayment type, switch date and any charge for changing your current deal.
A remortgage replaces your existing loan. The new lender will assess affordability and the home, and legal work is normally involved. The headline rate is only one part of the comparison.
Check the total cost over the period you expect to keep the deal, including fees and any charge to leave the old one.
Ask whether a further advance from the current lender or a larger remortgage fits your purpose and budget. Extra borrowing brings further affordability and property checks and can increase what you repay overall.
If the money is for unsecured debts, consider the risk of securing them on your home and seek independent debt advice where needed.
Changing borrower names, the mortgage term or the property's use needs its own review. Our national remortgage page covers the broader service; this page focuses on the London homeowner's decision.
Get a current balance, deal end date and redemption statement from your lender. Then compare likely payments and total costs for each realistic option over the same timeframe. Check whether a product fee is paid now or added to the mortgage, whether an early repayment charge applies and who pays any valuation or legal costs. Confirm the figures before applying: rates, fees and lender offers change.
Find out when your existing rate ends and what follows it. Ask both the current lender and any new lender when a new deal could start. Do not assume a reserved rate or offer will remain available indefinitely.
If you may sell, move, let the property or make a large overpayment, examine early repayment charges and flexibility before taking another deal. Porting to a new home, where offered, still needs a fresh assessment.
A longer term can reduce the monthly payment while increasing the amount repaid over time. A lower headline rate can still cost more once product and switching fees are included.
If your mortgage balance were £300,000 and the home were worth £500,000, the estimated loan-to-value would be 60%: £300,000 divided by £500,000. A lender may value the property differently, and extra borrowing or added fees would change the ratio. This example does not indicate eligibility, a rate or how much you could borrow.
The lender assesses the particular home as security, not simply its postcode or an online valuation. If yours is a leasehold flat, high-rise building, ex-local authority property or an unusual conversion, raise that early. A change in value may also alter your estimated loan-to-value.
GOV.UK's leasehold guide explains why these details matter.
London buy-to-let remortgaging has a separate owner.
Balance, lender, rate end date, remaining term, repayment type and any stated early repayment charge. Note if you have already reserved a new rate.
Whether you want a new rate only, more borrowing, a changed term or borrower, or expect to move or let the home. Say what monthly payment feels manageable.
Broad income and commitments, property type, estimated value and known lease or building issues. Formal income and property evidence is requested securely if an application progresses.
If your income has changed or you have a credit concern, ask about the realistic routes before another application. Self-employed London homeowners and London credit concerns have their own detailed pages.
How Count Ready works: we are a credit broker, not a lender. We discuss your circumstances by phone or online, compare suitable options within our service and explain any proposed application. Our initial mortgage evaluation has no fee. Our Terms of Business set out processing and offer-stage fees, possible specialist fees and lender commission. Applicable fees are agreed before chargeable work. You can check the firm's published details on the FCA Register. Advice cannot guarantee a rate, saving or lender acceptance.
A product transfer is a new deal with your existing lender. A remortgage usually means replacing your loan with one from another lender. Compare both where available, including fees, term, flexibility and any extra borrowing need.
You can ask about switching early, but your present mortgage may have an early repayment charge. Ask the lender for the exact charge and date it ends, then compare the full cost before deciding.
You do not normally pay a purchase deposit when replacing a mortgage on a home you already own. The lender considers the new loan against its valuation of the property, alongside affordability and other criteria. You may still need cash for fees or to reduce the balance.
Possibly. The remaining lease term, charges, building information, valuation and lender policy can affect the case. Tell the adviser about known issues early and obtain legal advice for the lease itself.
A new lender will assess your current circumstances. Ask your existing lender about its available product transfers too; the checks for a straightforward switch can differ from those for a new mortgage or extra borrowing. No route is guaranteed.
It may be possible, but turning unsecured debts into mortgage borrowing puts your home at risk and can increase total interest over a longer term. Consider other options and free debt advice before deciding. MoneyHelper explains the risks.
Tell us when your rate ends, whether you need to borrow more and what has changed since your last application. We can explain the checks and next steps for your case.
Reviewed 26 October 2026. Rates, fees, lender policies and property rules change. Check the current mortgage offer, lender criteria and relevant professional advice for your own case.
