Can I remortgage for free?

Effectively yes — many deals include free legal work and valuation, and fee-free mortgage products are available. Our broker advice is also free. The main potential cost is an early repayment charge if you leave your current deal early.

Should I add the arrangement fee to the mortgage?

If you can afford to pay it upfront, this is usually cheaper as you avoid paying interest on the fee. However, if it would deplete your savings, adding it to the mortgage is a reasonable option.

How much is a typical early repayment charge?

ERCs typically range from 1-5% of the outstanding balance. They reduce each year of the deal — a 5-year fix might start at 5% in year 1, dropping to 1% in year 5.

Is it worth remortgaging if costs are high?

Not always. If ERCs and fees exceed the potential saving, it's better to wait until your current deal ends. We calculate this precisely before recommending any action.

How Much Does It Cost to Remortgage?

Understanding the full cost of remortgaging ensures you actually save money. We break down every fee and find deals that minimise your costs.

Complete Remortgage Cost Breakdown

Remortgaging can save you thousands — but only if you account for all the costs involved. These include arrangement fees, valuation fees, legal costs, and potentially early repayment charges on your existing deal. Many remortgage deals include free legal work and valuation, which can make switching cost-effective even for small rate savings. We calculate the net benefit before recommending a switch.

Full cost analysis before you commit
Deals with free legal work and valuations identified
Early repayment charges checked and factored in
Net saving calculated over your chosen term
100% fee-free broker advice (we never charge)

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Tell us about the property

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Property Value (£) *

Deposit Amount (£)

Annual Household Income (£)

Your home may be repossessed if you do not keep up repayments on your mortgage.

Arrangement Fees

Most mortgage products have an arrangement fee (also called a product fee) ranging from £0 to £1,999. This can be paid upfront or added to the mortgage balance (though adding it means you pay interest on it). Fee-free deals are available but may have slightly higher rates. We calculate which option costs less overall.

Legal and Valuation Costs

You'll need a solicitor to handle the legal transfer and the lender will require a property valuation. However, many remortgage deals include free legal work and a free valuation — saving you £500-£1,500. We prioritise these deals where they offer the best overall value.

Early Repayment Charges (ERCs)

If you're still within your current deal's fixed or tracker period, you'll likely face an early repayment charge — typically 1-5% of the outstanding balance. On a £200,000 mortgage, a 3% ERC is £6,000. We calculate whether the saving from a new rate justifies paying the ERC, or whether it's better to wait.

Exit Fees and Deeds Release

Your existing lender may charge an exit fee (typically £50-£300) and a deeds release fee. These are relatively small but should be included in the total cost calculation. Some lenders have abolished exit fees entirely.