Free tool
Remortgage savings
calculator
See exactly how much a new fixed rate would save you each month — and whether the saving outweighs the switching costs. Includes ERC, product fee and legal.
Current mortgage
New deal
Switching costs
Important: this is not regulated advice
This is a generic illustration for information only — not regulated financial advice and not a substitute for a solicitor, accountant or FCA-regulated mortgage broker. Comparison keeps the same remaining term so monthly figures are like-for-like. Always check your current ERC and offer letter before deciding — small differences in fees change the break-even significantly. We are not authorised by the Financial Conduct Authority and do not provide regulated mortgage advice or personal recommendations on regulated mortgage contracts.
Monthly saving
£121
Net over fix
£5,980
Break-even
11 mo
New /mo
£1,055
Lock in 6 months early
Most UK lenders let you secure a rate up to 6 months before your current fix ends. You can usually switch to a better one if rates drop before completion.
Watch the ERC
On a £200k mortgage, a 3% ERC is £6,000 — enough to wipe out the savings on a small rate drop. Always check your latest statement or the original offer letter.
Fee or no fee?
Fee-free deals usually carry a slightly higher rate. On smaller balances (under ~£150k) the fee-free option often wins. On larger balances, the lower rate usually pays off the fee many times over.
Estimates only and not regulated mortgage advice. Speak to an FCA-regulated mortgage broker before applying — they can access deals not on price comparison sites and confirm your exact ERC and product fees.