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Remortgaging your home

Remortgaging your home with Barclays could hold a number of financial benefits for the discerning property owner.

For instance, remortgaging your home could help you save some cash, as well as releasing some of the value of your home. By remortgaging, you could raise money for a range of financial pursuits, including home improvement

What does remortgaging involve?

We aim to make the process of remortgaging as straightforward as possible: A remortgage is when you take out a new mortgage on your existing home. Remortgaging involves changing the mortgage terms, such as the interest rate you pay or the amount you borrow.

Is remortgaging worth my while?

Remortgaging your home at a better loan rate than your existing mortgage could result in lowering your interest payments every month. In other words, remortgaging could work out cheaper than your existing mortgage.

Alternatively, remortgaging may be beneficial if you want to release money tied up it your home - based on its market value - to make a large purchase. This means that remortgaging your property could allow you to borrow money at a lower interest rate, using the value of your home as security.

When is the best time for remortgaging?

The times for remortgaging your home could be when:

Your existing mortgage deal is coming to an end; remortgaging with Barclays could get you a better rate than your current lender's standard variable rate.
Your home's value has increased and you want to borrow large sums of money by tapping into the equity in your home.

If you're looking for a quick guide to the repayment amounts that remortgaging may involve, consult our remortgage quick quote service.

Additionally, Barclays' remortgaging rates change frequently. Check out our remortgage rates page for more details.

And to get an idea of how much you could borrow by remortgaging, use our remortgage calculator.

Give us a call if you want to chat about our mortgages

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0800 316 5500*

Existing customers:

0800 022 4022*

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More about our mortgages

Take a look at the different benefits and rates our mortgages offer.
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