Remortgage Calculator, UK
Thinking about remortgaging your property? Our easy-to-use remortgage calculator helps you estimate how much you could save by switching to a new mortgage deal.
Whether you're looking to reduce monthly payments, release equity, or secure a better interest rate, this tool gives you a quick snapshot of your financial options. For more information on remortgaging use the helpful guide.
Find out how much could you save if you remortgage?
Use the free remortgage calculator to find out how much you could potentially save if you were to remortgage, simply enter your details.
Remortgage valuation
Want to find out what your remortgage valuation might be? Use the online tool to give you an indication of your home's current market value.
Mortgage advice
Getting a remortgage can sometimes be a complex and time consuming process but our partners, Embrace Financial Services can help every step of the way.
Book a free initial appointment and speak to one of the mortgage advisers who can review your circumstances and help find a remortgage that suits your needs.
Why use a Remortgage Calculator?
A remortgage calculator is a valuable tool for homeowners who want to understand the financial impact of changing their mortgage. It helps you compare your current deal with potential new offers, factoring in interest rates, loan terms, and fees.
What You’ll Need to Get Started
To get the most accurate results, have the following details ready:
- Mortgage balance - the current outstanding balance on your mortgage
- Remaining term - the remaining repayment period of your mortgage
- Interest rate - the current interest rate applied to your mortgage
- New interest rate - the interest rate you think you will get
- Then select if you are on a Repayment mortgage, or an Interest Only mortgage.
Understanding Your Results
The calculator will show your estimated monthly payments, total interest over the term, and potential savings. Use this insight to decide whether remortgaging is the right move for you.
Next Steps After Using the Calculator
Once you’ve explored your options, consider speaking with a mortgage advisor or requesting a remortgage valuation to get a clearer picture of your property's current worth.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Your initial mortgage appointment is without obligation. Embrace Financial Services normally charge a fee for their services; however, it is payable only on the submission of your mortgage application. The fee will depend on your circumstances but the standard fee is £599. Complex cases usually attract a higher fee. Embrace Financial Services will discuss and agree the fee with you prior to submitting any mortgage application.