remortgage Advice
Your mortgage is likely your biggest financial commitment - and remortgaging at the right time, with the right lender, can save you a significant amount of money. At Aspect Mortgages, we take the hard work out of the process, searching the whole market to find the best deal for your circumstances.
We're an independent, FCA-regulated mortgage broker based in Chorley, Lancashire, advising clients across the UK — by phone, video call, or in person. Whether your fixed rate is coming to an end, you want to release equity, or you're looking to fund home improvements, we'll search the whole market to find the right remortgage deal for you.
Whole of market access We search thousands of mortgage products from lenders across the market — not just a handful from one bank. That means a better chance of finding the right rate for your circumstances, wherever you're buying.
Plain-English advice No confusing jargon. We'll explain everything clearly, answer every question, and make sure you feel confident at every step — whether we're talking on the phone, on a video call, or face to face.
One adviser, start to finish You'll deal with the same adviser throughout your entire journey. They'll know your case inside out and be on hand whenever you need them.
Everything in one place, securely Our secure client portal lets you share documents, view your credit file, and follow your case progress at any time — from any device. It's a simpler, faster way to keep things moving.
The best of technology and people We use cutting-edge mortgage technology to search the whole market and manage your case efficiently — but you'll always deal with a real person who knows your situation, not a chatbot or automated system.
Why do People Remortgage with Aspect Mortgages?
Get a better rate at the end of your fixed term
When your fixed rate deal ends, your lender will typically move you onto their Standard Variable Rate (SVR) — which is almost always higher than what you were paying. Remortgaging to a new deal, either with your existing lender or a new one, can significantly reduce your monthly payments. We'll start searching the market for you around six months before your current deal ends, so you're never left paying more than you need to.
Release equity from your home
If your property has increased in value since you took out your mortgage, you may be able to remortgage to a higher loan amount and release some of that equity as cash. This is a popular option for people who want to access funds without taking out a separate loan. We'll assess whether capital raising through remortgaging makes sense for your situation and find the most cost-effective way to do it.
Fund home improvements
Remortgaging to raise funds for an extension, renovation, or other home improvement is one of the most common reasons people remortgage. Mortgage interest rates are typically lower than personal loan rates, which can make this a more cost-effective way to borrow. We'll look at whether remortgaging stacks up financially against other borrowing options, and only recommend it if it genuinely makes sense for you.
When Should You Start the Remortgage Process?
The answer is earlier than most people think — ideally around six months before your current fixed rate ends.
Most mortgage offers are valid for three to six months, which means you can agree a new rate now and have it ready to start the day your current deal ends, with no gap and no SVR payments in between. If rates fall in the meantime, we can often switch you to a better deal before completion.
If your fixed rate has already ended and you're currently on your lender's SVR, it's still absolutely worth remortgaging as you may be paying significantly more than you need to, and switching sooner rather than later will start saving you money immediately.
If you're considering a product transfer (staying with your existing lender but moving to a new deal) the window is a little shorter. Most lenders will allow you to reserve a new rate around three to four months before your current deal ends. While a product transfer is quicker and simpler than switching lenders, it's worth speaking to us first — we'll check whether what your current lender is offering genuinely stacks up against the rest of the market before you commit. If a product transfer is right for you, we can also handle that on your behalf - an extremely popular service with our customers.
The Remortgage Journey — Step by Step
1. Review your current deal
We start by understanding your existing mortgage including the rate, remaining term, any early repayment charges, and what your lender is likely to move you onto when it ends.
2. Search the whole market
We search thousands of products to find deals that fit your circumstances, loan-to-value, and goals. We look beyond the headline rate to factor in fees, incentives, and the true cost over the deal period.
3. Our recommendation
We present our recommendation clearly — what the deal is, why it suits you, what it will cost, and how it compares to your current or default position.
4. Application
Once you're happy to proceed, we submit your full application and handle all the paperwork on your behalf.
5. Valuation and offer
The new lender will carry out a valuation of your property. This is often an automated process and may not require an in-person visit. Once this is complete and all checks are satisfactory, a formal mortgage offer is issued.
6. Completion
Your solicitor handles the legal work to transfer your mortgage to the new lender. For a straightforward remortgage, you often won't even need to instruct a solicitor separately — many lenders include free legal work as part of the deal.
7. We keep looking after you
Once your new mortgage is in place, we don't disappear. We'll monitor your deal and contact you proactively before your penalty period ends — so when the time comes to remortgage again, you're already ahead of it.
Why Choose Aspect Mortgages?
Independent and FCA-regulated - we work for you, not for the lender
Whole of market - access to thousands of remortgage products from across the market
Based in Chorley, serving clients nationwide - we advise clients across the UK from our Chorley base — by phone, video call, or in person
The best of technology and people - cutting-edge mortgage technology, but you'll always deal with a real person who knows your situation
No jargon - everything explained clearly, at your pace
Fixed, transparent fee - A fixed £495 fee, only payable when your mortgage offer is issued. No percentage-based charges, no surprises.
What Remortgage Clients Say About Aspect Mortgages
With over 400 five-star reviews across Google and Facebook, we're proud to be one of Lancashire's most trusted independent mortgage brokers. Here's what some of our remortgage clients have to say.
Frequently Asked Questions
How early can I start the remortgage process?
We recommend starting around six months before your current deal ends. Most mortgage offers are valid for three to six months, so you can lock in a rate now that's ready to begin the moment your existing deal expires — meaning no gap and no expensive SVR payments.
Can I remortgage if I'm in a fixed rate period?
Yes, but you may face an early repayment charge (ERC) for leaving before your fixed term ends. ERCs are typically a percentage of the outstanding loan and can be significant. We'll calculate whether switching early still makes financial sense once the ERC is factored in — sometimes it does, particularly if rates have changed materially.
Will remortgaging affect my credit score?
The application process involves a hard credit search, which will appear on your credit file. However, this is a normal part of any mortgage application and the impact is typically minor and short-lived.
Can I remortgage with the same lender?
Yes - this is called a product transfer. It's quicker and involves less paperwork than switching lenders. However, it's not always the best option financially. We'll compare what your current lender is offering against the rest of the market to make sure you're getting the best available deal.
Can I remortgage if I'm self-employed?
Yes - lenders will typically want to see at least two years of accounts or tax returns, but some will accept just one year, whether you're a sole trader or a limited company director. As whole-of-market brokers, we have access to a range of lenders who are flexible when it comes to self-employed income.
What are the costs involved in remortgaging?
Costs can include a product or arrangement fee (often £999–£1,500, though many fee-free deals exist), a valuation fee (often free with many deals), legal fees (often included free by the lender), and our fixed advice fee of £495. We factor all of these into our comparison so you're always looking at the true cost of each deal, not just the headline rate.
What if my property value has changed since I took out my mortgage?
Changes in property value affect your loan-to-value (LTV) ratio, which in turn affects the rates available to you. If your property has increased in value, you may be in a lower LTV band — which typically means access to better rates. We'll take this into account when searching the market.
Ready to see what's available?
Whether your fixed rate is ending soon, you're already on an SVR, or you want to explore releasing equity or funding improvements, our friendly expert advisers are here to help. There's no pressure and no jargon, just a straightforward conversation about what your options are and what makes sense for you. Get in touch today and speak to a real person who will search the whole market on your behalf - by phone, video call, or in person at our Chorley office.
Aspect Mortgages is based in Chorley, Lancashire, but we work with clients nationwide. Whether you prefer to meet us in person at our offices or speak with one of our advisers by phone or video call, we can help you wherever you are in the UK.
We have particular experience serving homeowners and buyers across Lancashire and Greater Manchester, including Preston, Chorley, Leyland, Bamber Bridge, Southport, Skelmersdale, Ormskirk, Wigan and Bolton.
We offer specialist mortgage and financial advice across a wide range of needs, including first-time buyers, home movers, remortgages, buy-to-let, product transfers, self-employed applicants, contractors, professionals, NHS workers, large loans, adverse credit and equity release.
Fees
There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £495 for a residential/buy to let mortgage or £1495 for an equity release/retirement mortgage.
Important Information
Aspect Mortgages Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under FCA reference 305352. The FCA do not regulate Business Buy to Let Mortgages or Estate Planning.
As independent advisers we have access to the whole market, except for deals that you can only obtain by going direct to a lender. Registered in England and Wales No: 051013801. 16 St Thomas' Road, Chorley, PR7 1HR.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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