Remortgage in Oxford
Why choose us for a remortgage in Oxford?
Whether your current deal is coming to an end or you're looking to release equity, remortgaging at the right time with the right lender can save you a significant amount of money. At Mortgage Genie, we do the legwork for you — searching the market, handling the paperwork and making sure you're never left sitting on an expensive standard variable rate.
- We search deals from a wide panel of high-street lenders, challenger banks and specialist providers.
- Our advice is tailored to your situation, whether you're looking to cut your monthly payments, release equity or consolidate debt.
- No hidden fees. We're upfront about what we charge from the very beginning.
- We help homeowners across Oxford, Oxfordshire and the wider UK.
Get in touch and let's see what we can do for you.
What to bring to your first appointment
Remortgaging is generally more straightforward than a first purchase, but there are still a few things worth having ready before we speak.
To get the most from your first conversation, it helps to have the following to hand:
- ✓ Your current mortgage statement, including your outstanding balance and remaining term
- ✓ The date your current deal expires and your current interest rate
- ✓ An estimate of your property's current value
- ✓ Your latest payslips or, if self-employed, your most recent SA302 and accounts
- ✓ Three months of bank statements
- ✓ Photo ID (passport or driving licence)
Not sure where to start? No problem — get in touch and we'll guide you through it.
Frequently asked questions
When should I start thinking about remortgaging?
Ideally around three to six months before your current deal expires. This gives us enough time to search the market, secure a new rate and have everything in place before you roll onto the lender's standard variable rate — which is almost always more expensive.
Good to know: Many lenders will let you secure a new rate up to six months in advance, so you're protected if rates rise before your deal ends.
What is a Standard Variable Rate and why does it matter?
When your fixed or tracker deal ends, your mortgage automatically moves onto your lender's Standard Variable Rate (SVR). This is their default rate and it's usually significantly higher than the deal you were on. Remortgaging before this happens — or shortly after — can reduce your monthly payments considerably.
Example: On a £250,000 mortgage, the difference between a competitive remortgage rate and the SVR could easily amount to £200–£400 per month. Over a two-year deal period, that's a meaningful saving.
Can I remortgage to release equity?
Yes. If your property has increased in value since you bought it, or you've paid down a significant portion of your mortgage, you may have built up equity that you can release. Common reasons people do this include:
- Home improvements or extensions
- Paying off other debts
- Funding a deposit for a second property
- Large one-off expenses such as school fees or a wedding
Worth knowing: Releasing equity increases the amount you owe, so it's important to weigh up the long-term cost. We'll always make sure you have a clear picture of what it means for your overall position before recommending anything.
Are there any costs involved in remortgaging?
There can be, though the savings often outweigh them considerably. The main costs to be aware of are:
| Cost | What to expect |
|---|---|
| Early repayment charge | Applies if you leave your current deal before it ends — typically 1–5% of the outstanding balance |
| Arrangement fee | Some lenders charge a product fee, often £999–£1,999, though fee-free options are available |
| Valuation fee | Many lenders offer free valuations for remortgage applications |
| Legal fees | Some lenders offer free legal work for straightforward remortgages — otherwise expect £300–£500 |
| Mortgage adviser fee | We'll be upfront about our fee from the very first conversation |
Can I remortgage if my circumstances have changed?
In most cases, yes. Whether you've become self-employed, had a change in income, gone through a separation, or your credit profile has shifted since your original mortgage, there are usually options available. The right lender will depend on your current situation — which is exactly what we're here to work out with you.
Recently self-employed? Some lenders will consider one year of accounts in the right circumstances. Get in touch and we'll let you know where you stand.
How long does remortgaging take?
A straightforward remortgage typically takes four to eight weeks from application to completion. More complex cases — such as those involving equity release, debt consolidation or a change in circumstances — can take a little longer. Starting the process three to six months before your deal ends gives you plenty of breathing room.
Contact Mortgage Broker Oxford today