--- title: Remortgage date: 2026-07-23T15:03:00+01:00 author: "jonny@ipopdigital.com" canonical_url: "https://www.octagonfinance.co.uk/mortgages-in-jersey/remortgage" section: Services --- [![Octagon Finance](/dist/images/octagon-finance-logo.svg)![](/dist/images/octagon-finance-wordmark.svg)](https://www.octagonfinance.co.uk/)[Contact us ](https://www.octagonfinance.co.uk/contact) [Octagon Assurance ](https://www.octagonassurance.co.uk) Latest [Personal Loans![](https://www.octagonfinance.co.uk/assets/images/Photos/AdobeStock_488105723-1.jpeg) ## How to Get Your Finances Ready for a Big Life Decision](https://www.octagonfinance.co.uk/advice-hub/how-to-get-your-finances-ready-for-a-big-life-decision) ![](/dist/images/subhero-octagon-pattern.svg) ![](https://www.octagonfinance.co.uk/assets/images/mortgages-jersey.svg)# Remortgage If your current deal is ending or market circumstances have changed, remortgaging a property can offer a more suitable mortgage arrangement and financial benefits. ![](https://www.octagonfinance.co.uk/assets/images/Photos/Remortgages.jpg) ![](/dist/images/corner-oct.svg)![](/dist/images/corner-oct.svg)![](/dist/images/corner-oct.svg)![](/dist/images/corner-oct.svg)## Explore your remortgage options - **Loan-to-value (LTV) mortgages from 60% to 90%** - **Fixed rates available 2, 3, 5 or 10 years.** - **Tracker mortgages available from 2 years to a lifetime tracker.** ![](https://www.octagonfinance.co.uk/assets/images/Frame-7_2026-07-29-134416_ypub.png) ![](/dist/images/corner-oct.svg)![](/dist/images/corner-oct.svg)![](/dist/images/corner-oct.svg)![](/dist/images/corner-oct.svg)**A simpler way to navigate your remortgage.** Remortgaging involves switching your current mortgage deal to a new provider or securing updated terms with your current lender, typically as your existing deal approaches its end date. - Finding competitive mortgage rates across an extensive network of lenders. - Structuring terms tailored precisely to your updated financial circumstances. - Handling lender communications and administrative work. ###### *Your property or home may be repossessed if you do not keep up repayments on your mortgage. All mortgages are subject to status and eligibility criteria.* **Ready to take the next step?** If you’re currently within three months of your current deal ending you can speak to us to help you lock in a better rate. An **Agreement in Principle (AIP)** offers a **swift** and **tailored** assessment of how much you can potentially borrow. Once your documentation is in hand, we can provide your AIP usually **within a day**. ### **Secure an Agreement in Principle** Come and speak to us at Octagon Finance, 3 Mulcaster Street, St Helier, give us a call on 01534 744900, or Get in touch using the link below. **Documentation required:** - **Employed applicants:** 3 months of recent payslips. - **Self-employed applicants:** 2 years of trading accounts. - **Details of your current mortgage deal.** [Let's Talk ](#apply) ## Let’s talk mortgages Set up an appointment with Paul at Octagon Finance to discuss your plans for remortgaging. We will walk you through the process, compare your options, and offer specialist guidance to help you find the right deal. ![](/dist/images/corner-oct.svg)![](/dist/images/corner-oct.svg)![](/dist/images/corner-oct.svg)![](/dist/images/corner-oct.svg)## Mortgage Calculator. How much could you borrow? Get a quick estimate of what your mortgage could look like and start getting a feel for your options. Property ValueExisting EquityInterest RateMortgage Term ### Repayment £2,575.89 ### Mortgage Amount £450,000 ### Legal Fees £2,500 ### Total Mortgage Payable £783,358 [Get a quote](#apply) ## FAQs for Remortgaging Got questions? We’ve got answers. ![](/dist/images/faq-pattern-green.svg) Why do I need to Remortgage?Remortgaging is usually considered when your fixed interest rate approaches its end date. To avoid defaulting to your current lender’s Standard Variable Rate (SVR), it can be financially beneficial to switch your current mortgage product to a new provider or secure updated terms with your current lender. Is there a limit to how much I can borrow?The total mortgage amount you can borrow is typically calculated up to 6 times either your sole or joint income. What is an Agreement in Principle?A mortgage “Agreement in Principle” (AIP), often called a 'Mortgage in Principle', 'Decision in Principle', or 'mortgage promise'. It is a tailored estimate of how much you may be able to borrow to purchase or remortgage a property. Presenting an Agreement in Principle to estate agents or sellers demonstrates your financial capability to buy. It is an invaluable tool to secure before scheduling viewings and helps determine a realistic offer on your future home. Contact Octagon Finance today with 3 months of recent payslips, or for self-employed applicants, 2 years of trading accounts. We can crunch the numbers and provide you with an AIP within a day. What are overpayments?Overpayments are extra payments you make to reduce your mortgage balance, which can save you interest and help you pay off your loan sooner. - You can usually overpay up to 10% of your remaining mortgage balance each year. - Paying more than this limit may incur Early Repayment Charges. - If you have a Tracker or Standard Variable Rate mortgage, you can often overpay as much as you like without penalty. - Always check your specific limit with your lender before making any overpayments. ![](/dist/images/corner-oct.svg)![](/dist/images/corner-oct.svg)![](/dist/images/corner-oct.svg)![](/dist/images/corner-oct.svg)## Mortgage Advice Hub Latest mortgage guidance and advice from the Octagon Finance team [View all ](/advice-hub) [Personal Loans ![](https://www.octagonfinance.co.uk/assets/images/Photos/AdobeStock_488105723-1.jpeg) ### How to Get Your Finances Ready for a Big Life Decision](https://www.octagonfinance.co.uk/advice-hub/how-to-get-your-finances-ready-for-a-big-life-decision) [Personal Loans ![](https://www.octagonfinance.co.uk/assets/images/Photos/Octagon-Office-New.png) ### Finance Jargon Explained: The Terms You Need to Know](https://www.octagonfinance.co.uk/advice-hub/finance-jargon-explained-the-terms-you-need-to-know) [Mortgages ![](https://www.octagonfinance.co.uk/assets/images/Photos/andum-home-v3.jpg) ### First-Time Buyer in Jersey? 10 Things You Need to Know Tiago Silva ](https://www.octagonfinance.co.uk/advice-hub/first-time-buyer-in-jersey-10-things-you-need-to-know) [Mortgages ![](https://www.octagonfinance.co.uk/assets/images/Photos/AdobeStock_458743888.jpg) ### Buying a home in Jersey: The complete guide](https://www.octagonfinance.co.uk/advice-hub/buying-a-home-in-jersey-the-complete-guide)