What’s included?
This is a repayment mortgage illustration using monthly payments. Both calculations use the same balance and term and assume the entered rates stay constant. Actual lender calculations, payment dates and rounding may differ.
What’s left out?
Product fees, early repayment charges, incentives, legal costs and changes after a fixed-rate period are excluded. Lower monthly payments alone do not establish that switching is cheaper overall. A base-rate change does not automatically change every mortgage payment.
What happens when a fixed rate ends?
Your lender’s terms determine the next rate. Review your deal’s end date, remaining balance, term and any charges before comparing alternatives. A qualified mortgage adviser can assess your circumstances and available products.
Your next step, explained.
Understand the terms and trade-offs before making a decision.
Read the remortgage guide →