Remortgage Comparison Calculator UK
Switching deals only pays if the rate saving beats the fees. Compare your current deal with a new one and see the monthly saving, the saving over the fixed period, the breakeven point and the net saving after costs.
Most BTL fixes are 2 years (24) or 5 years (60).
Monthly payment
£1,083
Monthly payment
£842
Keeps cash now, but you pay interest on it
Net saving over 24 months
£5,800
After fees, switching leaves you better off over the fixed period.
Current
£1,083
6.50%
New
£842
5.00%
New payment is on a loan of £201,999 (fee added to the balance).
Payments assume interest-only (BTL). Figures are before tax.
Breakeven in 0.0 months
You recover the upfront cost within the 24-month fixed period, then keep saving.
Not financial advice. For educational purposes only. Figures assume an interest-only mortgage (the buy-to-let norm) and exclude early repayment charges on your current deal, which can be significant. Verify rates, fees and ERCs with your broker and lender before committing.
A lower rate is not always a better deal. A tempting headline rate can be wiped out by a four-figure product fee, especially on a short fix. The number that matters is the net saving over the fixed period and how quickly you break even, not the rate alone.