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Remortgaging that suits your circumstances

Remortgaging.

  • Joint borrower, sole proprietor allowed
  • Automated valuations accepted
  • Available for personal or business use
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Why choose Together?

Our mortgage key facts
  • 8.40%

    Fixed rates from 8.40%
  • 10.15%

    Variable rates from 10.15%
  • 70% LTV

    Borrow up to 70% of the property's value

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Remortgaging that suits your circumstances

Whether you are looking to borrow more, or readjusting your finances due to a change in your circumstances, when it's time to remortgage, we can help.

Our remortgages are available for personal and commercial properties, and you can also apply with a joint borrower - someone that will be on the mortgage policy but will not live at, work at or own the property.

We can also accept automated valuations for your property, using data from a range of existing databases to automatically calculate a value, greatly reducing the timescales to access funds.


Already a customer? Why remortgage with Together:

Faster

If you’re already a Together customer, you may find the process of remortgaging with us much quicker than applying for a mortgage with a new lender. That’s because we already have a good idea of your circumstances, your income and your repayment history.

Easier

You’ll also have less paperwork to fill out and we won’t require you to complete a new property valuation, saving you both time and money.


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Looking to remortgage but your circumstances have changed?

It’s normal for your circumstances to have changed since you last got a mortgage. Perhaps you’ve had a missed payment, your employment status has changed, or your relationship has ended.

Fortunately we don't mind if you're simply looking for a new rate to reduce your repayments, or want to borrow more to complete renovations or consolidate debts.

We don’t just rely on credit scores to make our lending decisions. Instead, we see the person behind the numbers. All of which means we can often lend when others can’t.


Mortgage Repayment Calculator

Do you want to quickly understand the potential cost of your mortgage?

We can give you an idea of the monthly costs with just a few details like the property value, your deposit amount and how long you need the loan to last.

Calculate costs


Common questions about remortgages

What is a remortgage?

Simply put, to remortgage means a new mortgage on a property you already have a mortgage on, either with a different provider or taking out a new deal with your current one. This can be a house that you are planning to still live in, or a holiday home you plan to re-develop using the money from the new loan.

How does remortgaging work?

For remortgaging you can choose to remortgage with the same lender as your first loan, or look for a different loan and rate elsewhere. Often, the new loan is used to pay off the existing mortgage using the equity built up as the deposit for your new mortgage.

Can I remortgage early?

You can but most mortgages have an early repayment charge during the fixed term period. If you re-mortgage early, you’ll trigger the charge and it can be thousands of pounds. So make sure to check:

  • Is there a charge?
  • How much is it?
  • What date does it apply until?

Then you’ll then be able to work out if it’s worth leaving your deal early and paying the charge.

Will I be charged to leave my current mortgage?

Most mortgages have early repayment charges during the fixed term period. If you leave your deal in the fixed term period you may be charged. You're best to check with your current provider what those charges are and when they apply till.

Can I add or remove an individual to my mortgage when I remortgage?

Yes, you can add or remove an individual whilst remortgaging. To do this, you will need to talk to a conveyancing solicitor in order to set up the new charge.

Do I need a solicitor to remortgage?

You don’t always need a solicitor to remortgage if you’re doing it with your current lender. However, if you’re looking to remortgage elsewhere, you may need a solicitor.

Will I require a valuation to remortgage?

If your mortgage is currently with another lender then you will require a valuation as part of the process, if you're an existing customer then a valuation will likely not be required.

How do I remortgage to release equity?

Speak to your mortgage lender or other lenders about how much you want to borrow, and they will offer you the best advice for your personal circumstances.

Overall cost for comparison

For example: A mortgage of £146,000 payable over 22 years, initially on a fixed rate for 5 years at 8.65% (and then on a tracker rate for the remaining 17 years at 1.8% above the Together Homeowner Managed Rate (THMR)) would require 60 instalments of £1,258.34 followed by 203 monthly payments of £1,483.27 plus a redemption administration fee of £100.00. Read more information on THMR.

The total amount payable would be £378,187.48 made up of the loan amount (£146,000) plus interest on the loan (£226,808.87), arrangement fee (£1,495) plus interest on this fee (£1,853.12), broker fee £862 plus interest on this fee £1,068.49) and the redemption administration fee (£100.00).

The overall cost for comparison is 10.6% APRC representative.

The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.

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Your home may be repossessed if you do not keep up repayments on your mortgage. All mortgages are subject to our terms and conditions.
Your home may be repossessed if you do not keep up repayments on your mortgage.

You are likely to repay more overall if you select a longer-term mortgage to reduce your monthly payments.