Remortgaging in Sunderland: How to Save Money in 2025
If your current mortgage deal is ending, you could soon be paying more than you need to. Many lenders automatically move borrowers onto a Standard Variable Rate (SVR) once their fixed rate expires — and this can mean higher monthly repayments.
The good news? With the right remortgage advice in Sunderland, you can often find a better deal and keep more money in your pocket. At Fairway Mortgage Advice, we specialise in helping homeowners across Sunderland and Tyne & Wear remortgage quickly and stress-free.
What Is Remortgaging?
Remortgaging simply means switching your current mortgage to a new deal — either with your existing lender or a different one. Most people remortgage to:
Get a lower interest rate and reduce monthly repayments.
Release equity from their home for improvements or other expenses.
Switch to a deal that better suits their circumstances.
Why Remortgage in 2025?
Mortgage rates have been shifting over the past year, and many Sunderland homeowners are finding that shopping around can lead to significant savings. Even a 0.5% reduction in your interest rate could save you hundreds of pounds each year.
When Should You Remortgage?
The best time to look at remortgaging is usually 3–6 months before your current deal ends. This gives enough time to compare offers and secure a new mortgage before moving onto your lender’s SVR.
💡 Tip: Don’t wait until you’re already on the SVR — you could be paying far more than necessary.
Can I Remortgage If I Have Bad Credit?
Yes - while it may limit your options, there are still lenders who accept applicants with less-than-perfect credit histories. As an independent mortgage adviser in Sunderland, we can find out which lenders are most likely to approve your application.
How a Local Mortgage Broker Can Help
Working with an independent, whole-of-market broker means you’re not restricted to just one bank’s products. We compare hundreds of deals across the market and handle the application process on your behalf.
Our remortgage service in Sunderland includes:
Reviewing your current deal and options.
Comparing rates across multiple lenders.
Handling all paperwork and communication.
Providing clear, jargon-free advice.
Areas We Cover
Based in Sunderland, we also provide remortgage advice in:
Houghton-le-Spring
Seaham
Washington (Tyne & Wear)
South Shields
Durham
In fact… we cover all of the UK!