Reviewing your mortgage?

Whether your current deal is coming to an end or you simply want to understand your options, we’ll help you compare staying with your current lender against exploring the wider market.

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See What We Consider

TIME FOR A REVIEW?

A few reasons people review their mortgage.

Your mortgage may be worth reviewing when your current deal is ending, your circumstances have changed, or you want to understand whether a different arrangement could suit you better. You can start your remortgage review and secure a new rate up to 6 months before your current deal ends.

Your current deal is ending

As your fixed or discounted deal approaches its end, it’s worth understanding your options before you move onto your lender’s standard variable rate.

Your circumstances have changed

Changes to your income, employment, family circumstances or longer-term plans can affect what you need from your mortgage.

You want more certainty

You may want to understand whether a different mortgage structure or deal could better suit your plans and budget.

You’re considering extra borrowing

If you’re considering additional borrowing, for example for home improvements, we can help you understand how this may fit alongside your mortgage.

TWO STARTING POINTS

Stay with your current lender, or explore the wider market.

Stay with your current lender — product transfer

Your existing lender may offer you another mortgage deal, known as a product transfer. This can sometimes involve less administration than moving lender, but it is still worth understanding how the option compares with alternatives available elsewhere.

Switch lender — remortgage

Remortgaging to a new lender means replacing your existing mortgage with a new one. We can research suitable options across the market and compare the overall costs, features and terms with staying where you are.

WHAT WE CONSIDER

What can shape your options.

A number of things can influence what may be available to you, and every lender weighs these differently.

Your current deal’s terms

Your current rate, deal end date and any conditions attached to the mortgage help determine what is worth comparing.

Any early repayment charges

Leaving your current deal early may involve an early repayment charge, which should be considered alongside any potential benefit of switching.

Your property's value and loan-to-value

Your property value and outstanding mortgage balance determine your loan-to-value, which can affect the mortgage options available.

Changes to your income or credit

Changes to your income, employment, commitments or credit history can affect how a new lender assesses an application.

Any extra borrowing you need

If you want to increase your borrowing, the additional amount will normally need to be assessed against your circumstances and affordability.

Your longer-term plans

Plans such as moving home, changing employment or paying down the mortgage can influence which type of deal may suit you.

THE REMORTGAGE JOURNEY

Four simple steps.

1. Tell us where you are

We’ll review your current mortgage, your plans and what has prompted you to look again.

2. We check your options

We compare what your current lender may offer with suitable options from across the wider market.

3. We support your application

If you decide to proceed, we help prepare the application and keep you informed as it progresses.

4. Your new deal begins

Once everything is completed, your new mortgage arrangement takes effect at the appropriate time.

WHY PK MORTGAGE SOLUTIONS

A clear comparison before you decide.

Remortgaging isn’t simply about finding another rate. We’ll help you understand the wider picture — including your current deal, potential charges, mortgage options and longer-term plans — before you decide what to do.