United Kingdom
UK remortgage calculator
Stay on the lender's SVR or switch to a new deal — with the early repayment charge (ERC) and break-even factored in.
Your current mortgage
Stay on SVR, or switch?
Doing nothing means reverting to the lender's SVR. Switching may cost an early repayment charge — here's how they compare.
It's close — weigh the numbers below
Switching saves about £287.49/mo (£3,450/yr) versus the SVR.
- If you do nothing (SVR)
- £1,653.19/mo
- On a new deal
- £1,365.70/mo
- Early repayment charge now
- £2,200 (1%)
- Break-even on the ERC
- 8 mo
Your current deal has about 6 months left, after which the ERC disappears and you can switch free of charge.
If your new-deal rate lands differently
| New rate | New payment | Saving vs SVR |
|---|---|---|
| 4.42% | £1,304.57/mo | £348.62/mo |
| 4.67% | £1,334.95/mo | £318.24/mo |
| 4.92%(quoted) | £1,365.70/mo | £287.49/mo |
| 5.17% | £1,396.82/mo | £256.37/mo |
| 5.42% | £1,428.31/mo | £224.88/mo |
This uses a typical published ERC schedule, not your actual mortgage offer. Your real ERC may differ — check your offer document or annual mortgage statement for the exact figure before making a decision.
An estimate to help you plan — not financial advice or a mortgage offer. Check your own offer document for your exact ERC before deciding.
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