In 2025, with interest rates still fluctuating and the cost of living high, remortgaging has become a smart financial move for thousands of UK homeowners. Whether you’re looking to lock in a lower interest rate, switch to a more flexible mortgage product, or release equity from your property, comparing remortgage rates and offers is more important than ever.
In this complete guide, we’ll explain how remortgaging works, what deals are available in 2025, and how to find the best remortgage rates in the UK for your situation.
What Is Remortgaging?
Remortgaging is the process of switching your existing mortgage to a new lender or a new deal with your current lender. It’s typically done:
- When your initial fixed-rate deal ends
- To reduce monthly payments by finding a lower interest rate
- To borrow more money against the equity in your home
- To consolidate debt more affordably
Why Compare Remortgage Rates?
Rates can vary significantly between lenders and products. Comparing offers helps you:
- Avoid the standard variable rate (SVR), which is usually much higher
- Save thousands in interest over the life of your mortgage
- Access features like flexible overpayments, offset mortgages, or no early repayment charges
UK Remortgage Market Trends in 2025
- Fixed-rate mortgages are popular due to rate uncertainty
- Offset and tracker mortgages are gaining interest among savvy borrowers
- Lenders are offering low-fee deals and incentives like free legal work or valuation
Example: How Much Can You Save?
Let’s say your current mortgage rate is 5.2% and you owe £200,000 with 20 years remaining. If you switch to a 4.2% rate, your monthly payment could drop by over £100 — saving you more than £24,000 over the loan term.
Best Remortgage Offers in 2025 (Examples)
Note: Rates are examples only. Always check with providers for current figures.
| Lender | Rate Type | Interest Rate | Term | Fees | Incentives |
|---|---|---|---|---|---|
| NatWest | 5-Year Fixed | 4.19% | 5 Years | £999 | Free valuation |
| HSBC | 2-Year Tracker | Base + 0.89% | 2 Years | £0 | Free legal fees |
| Barclays | 5-Year Fixed | 4.45% | 5 Years | £0 | Cashback £300 |
| Santander | 2-Year Fixed | 4.35% | 2 Years | £995 | Remortgage legal covered |
Things to Consider Before You Remortgage
- Early Repayment Charges (ERCs): Check if your current mortgage has penalties.
- Loan-to-Value (LTV): Lower LTV = better rates.
- Total Cost vs Rate: A deal with lower fees may beat a lower interest rate.
- Credit Score: Affects your eligibility and the deals offered to you.
Should You Use a Mortgage Broker?
A mortgage broker can:
- Access exclusive deals not available directly to the public
- Handle paperwork and lender negotiation
- Match you with lenders based on your credit, income, and goals
When Is the Best Time to Remortgage?
- 3–6 months before your current deal ends (to avoid SVR)
- When rates are forecast to rise
- If your property value has gone up, improving your LTV
Final Thoughts
Remortgaging in 2025 is not just about chasing the lowest rate — it’s about finding a mortgage that fits your needs and financial goals. With inflation, interest rate changes, and personal circumstances always shifting, taking time to compare remortgage rates and offers can be a powerful step in building long-term financial security.
Ready to explore your options? Use a remortgage calculator or speak to a broker today and unlock the best deal for your future.