Remortgages, can you save money?

A remortgage, or refinance, is when you transfer your existing mortgage to a new lender.

Why should I remortgage?

You may have an existing product (e.g. fixed or discounted rate) which is expiring, and it could be that you can save money by moving to a new lender with a better interest rate or other features which are a priority to you. You may also be in a position where you want to raise additional funds to pay for a home improvement project, e.g., loft conversion or extension.

When should I start?

Call us at least four months before your existing rate (and redemption penalty period) expires. If you are an existing Plato customer, we’ll also endeavour to contact around this time to ensure we keep you on the most suitable deal available through the term of your mortgage.

We have access to more than 100 lenders and thousands of mortgage products.

Important Information: You may have to pay an early repayment charge to your existing lender if you remortgage.

How can Plato help?

As Independent Mortgage Brokers, we’ll help you find the most appropriate type and length of loan to suit your objectives, affordably. With access to over one hundred lenders and thousands of products (many of which are not available directly to the public) we’ll establish your current needs and circumstances and find the most suitable deal to match.

How much of my time will this take?

Just 2-4 hours (approximately) over two meetings (phone or face to face) will save you many more hours of work. You won’t need to try and speak to every lender yourself or try to establish who will lend to you and under what terms: we do all of this for you. This means you are free to spend your time doing what you do best. For existing Plato customers, this process could be shorter as we’ll simply update all the information we currently hold for you, and discuss your goals and priorities at that time.

How Long Does a remortgage take?

Typically 2-4 months depending on lenders, yourselves and solicitors. We endeavour to encourage all parties involved to complete your mortgage in a timely manner.

We make it easy for you to switch your rate to save money, keep your mortgage tailored to your needs or even borrow more to improve your home.

We endeavour to remain in contact throughout the term of your mortgage to ensure you always benefit from the best rates

We aim to make sure you never pay more that you have to

What is the remortgage process?


We have an initial discussion four to six months before your existing rate is due to expire.


You’ll receive a letter from your existing lender telling you what they can offer.


We compare this with what is available elsewhere, matching your needs and circumstances to ensure you get the most suitable product, loan amount, loan term and features.


Apply for the mortgage through us, even if it is best to stick with your existing provider, and we will make sure the process is smooth, easy and you receive professional advice you can rely on.


You will require a solicitor to undertake some checks on behalf of yourself and the lenders.


Once the remortgage has completed, we’ll both diarise to contact one another for a future mortgage review.

A word from our clients...

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