Remortgaging in 2027
When to remortgage, product transfer or new lender, early repayment charges, raising capital and what to watch in 2027.
- What remortgaging is and who it suits
- Timing: why six months matters
- Product transfer or remortgage to a new lender
- Early repayment charges
- Raising capital and equity release
- Loan to value bands
- How lenders assess a remortgage
- Regulation, law and what may change in 2027
- Switching lender: costs and timeline
- Changing your term or repayment type
- Tips and tricks, common mistakes and a checklist
- How OMB can support you
The short version
Remortgaging means moving your mortgage to a new deal, either with your current lender or a new one. This guide explains when to start, how the two routes compare, what it costs and how borrowing more is assessed.
- Start reviewing around six months before your deal ends, because many lenders let you secure a new deal that far ahead.
- A product transfer with your current lender and a remortgage to a new lender are both worth comparing, and neither is always better.
- Leaving during your deal usually triggers an early repayment charge, so check your offer or statement for the exact amount and dates.
- Raising capital is possible, but lenders will ask what the money is for and reassess affordability.
- Your loan to value band can change the choice of lenders and the cost, so a recent valuation estimate is worth having.
Diary your deal end date
set a reminder for around seven months before it ends, so you have a full six months to compare and lock in a deal.
What the full guide covers
- What remortgaging is and who it suits
- Timing: why six months matters
- Product transfer or remortgage to a new lender
- Early repayment charges
- Raising capital and equity release
- Loan to value bands
- How lenders assess a remortgage
- Regulation, law and what may change in 2027
- Switching lender: costs and timeline
- Changing your term or repayment type
- Tips and tricks (8), common mistakes (6) and a 10 point checklist
- How OMB can support you, with a fictional worked example
Illustrative example: timing a switch to avoid a charge
Illustrative example only, not a real client. Priya and Tom had a fixed deal ending in four months and had not looked at their options. They checked their statement and found that leaving now would trigger an early repayment charge, while waiting until the end date would not. Their adviser compared their lender's product transfer with the wider market, and secured a new deal five months ahead of the end date. The new deal started the day after the old one ended, so they never paid the standard variable rate and never paid the charge. Every case is different, and outcomes depend on lender criteria at the time.
Names, figures and circumstances are fictional and illustrative only. They do not represent an actual client of Our Mortgage Broker Limited.
Remortgaging in 2027
When to remortgage, product transfer or new lender, early repayment charges, raising capital and what to watch in 2027.
Want to talk it through?
We are a whole of market broker with CeMAP-qualified advisers. We compare your current lender's switch offer with the wider market and handle the paperwork, so you can focus on the decision.
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Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let and commercial mortgages are not regulated by the Financial Conduct Authority. Our Mortgage Broker Limited is authorised and regulated by the Financial Conduct Authority (FRN 944663). Registered in England and Wales, company no. 11358646. Registered office: 23 Berkeley Square, Mayfair, London W1J 6HE. There may be a fee for mortgage advice: we may charge up to 1% of the loan amount, and our typical fee is £500. Your fee agreement sets out the exact fee and when it is payable (at decision in principle, application or mortgage offer); fees are not refundable once due. We usually also receive commission from the lender. Protection and insurance products are subject to underwriting and the policy terms and conditions. This guide is general information only and is not personal advice. Case studies are fictional, illustrative examples and do not represent real clients. Rates, tax and regulatory information are correct as at October 2026 and may change, including at the Autumn Budget on 28 October 2026.