There are several reasons why someone might want to remortgage and it's our job to help you understand if it's the right choice for you. Perhaps your existing deal is coming to an end, you think there's a better rate or more flexible terms available or your circumstances have changed and you want to increase or decrease your existing loan amount.
However, the costs associated with remortgaging can sometimes outweigh the perceived financial or circumstantial benefits. Whatever your motivation, we'll help you weigh up the pros and cons of remortgaging so you can be clear on the options available to you. 


  • It may be best for you to switch your mortgage deal with your current lender rather than transferring to a new one, therefore avoiding unnecessary costs.
  • A new lender may charge you for valuation and solicitors fees.
  • While a new mortgage product may reduce your monthly payment amount, the repayment period may be longer
  • Depending on how long you've been in your existing home your equity stake could have increased and you may be able to borrow more if you want to carry out some home improvements or you have additional costs elsewhere that you need to cover.

If you wish, we can also review your protection cover - for your home, your possessions, your life and your income - to ensure you've got the right insurance policy for any eventuality.

You may have to pay an early repayment charge to your existing lender if you remortgage.

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For establishing your needs, undertaking research and making a recommendation, we charge a fee of £495.

Bluechip Financial Ltd is an appointed representative of Peritus Private Finance which is authorised and regulated by the Financial Conduct Authority. Peritus Private Finance is entered on the Financial Services Register (Home ( under reference 729282. Peritus Private Finance registered address: 1 Bankside, The Watermark, Tyne & Wear, NE11 9SY. Registered in: England and Wales.

Registered office address: 46 Springdale Avenue, Broadstone, BH18 9EU. 

Phone: 01202 692 222

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The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.