Brighton & Hove homeowners often face rising payments when their fixed-rate mortgages end. With average property values well above the national average, moving onto a lender’s Standard Variable Rate (SVR) could add hundreds to monthly costs. Whether you want to reduce payments, raise capital, or plan home improvements, a well-timed remortgage in Brighton can protect your finances and give you flexibility.
Why Consider a Remortgage?
There are four main reasons homeowners in Brighton & Hove remortgage:
- Securing a better rate: Avoid higher SVRs when your fixed deal ends
- Raising equity: Fund extensions, loft conversions, or even deposit help for children
- Debt consolidation: Roll other borrowing into one manageable payment (specialist advice required)
- Changing mortgage terms: Switch between repayment and interest-only, or shorten/extend the mortgage term
Step 1 – Know Your Timeline
Lenders usually allow you to lock in a new deal six months before your current one ends. Start early to avoid falling onto an SVR, which can be 2–4% higher than fixed deals.
Step 2 – Compare Your Options
Two common routes for remortgaging:
- Product transfer: Staying with your existing lender but switching to a new rate. Fast and paperwork-light, but not always the cheapest.
- Full remortgage: Moving to a new lender. Takes more time (valuation, legals), but often unlocks better rates or features.
Explore the differences on our Remortgages page.
Step 3 – Understand Loan-to-Value (LTV)
The lower your LTV, the better the rates available. Brighton’s strong property values can work in your favour:
- 90% LTV = fewer choices, higher rates
- 75% LTV = wider choice, more competitive pricing
- 60% LTV = premium rates for low-risk lending
If your Brighton home has risen in value, you may now qualify for a better LTV bracket than when you first bought.
Step 4 – Plan for Equity Release
Many Brighton homeowners use remortgaging to raise capital for:
- Extensions or kitchen renovations
- Energy upgrades like insulation or solar panels
- Children’s education or deposit support
If you’re over 55, consider whether Lifetime & Equity Release Mortgages may better suit your long-term plans.
Step 5 – Check Fees and Incentives
Don’t just chase the lowest rate — consider:
- Arrangement fees: Often £999–£1,499 or 1% of the loan
- Free valuations/legal fees: Some lenders cover basics
- Early repayment charges (ERCs): Check your existing deal before switching
Sometimes a slightly higher rate with lower fees is cheaper overall.
Step 6 – Local Market Watchpoints
Brighton & Hove’s housing stock brings unique lender considerations:
- Seafront flats in Kemp Town & Marina: Service charges, ground rent clauses and cladding reports can impact mortgageability
- Victorian terraces in Hanover: Valuers may flag damp, roof condition and EPC ratings
- Family homes in Hove: Premium pricing, but rising values may allow large equity release
Step 7 – Timing and Rate Locks
Start applications 4–6 months before your deal ends. If rates fall before completion, many lenders let you “switch down” to a lower product without restarting the process.
Step 8 – Avoid Common Mistakes
- Leaving it too late and landing on SVR
- Ignoring total cost (rate + fees + incentives)
- Over-borrowing without a clear repayment plan
- Not checking credit history for errors
- Assuming your current lender always offers the best deal
Step 9 – Specialist Situations
If you’re self-employed, a contractor, or have past credit issues, specialist lenders may still help. While rates can be higher, they offer flexible underwriting. Our Adverse Credit Mortgages page explains more.
Brighton Remortgage FAQs
How long does remortgaging take?
Product transfers can complete in a few days. Full remortgages usually take 6–12 weeks depending on valuations and legals.
Do I need a solicitor?
Yes for full remortgages, but many lenders cover basic legal work. Product transfers typically don’t require one.
Can I remortgage early?
Yes, but you may face ERCs. Sometimes paying them is still cheaper if new rates are significantly lower.
Can I raise funds for home improvements?
Yes — lenders often allow capital raising for renovations, extensions or EPC upgrades.
What if my credit history isn’t perfect?
Specialist lenders can still help, though you may need a larger deposit or pay a higher rate.
Next Steps
With property values in Brighton & Hove at a premium, remortgaging can save significant money and unlock capital for future plans. Don’t wait until your deal ends — start exploring options today. Visit our Remortgages page or request a callback. We’ll connect you with an FCA-regulated adviser who can compare lenders and secure the right deal for your needs.