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Remortgage Services

Remortgage Brokers in Solihull

Compare whole-of-market remortgage deals across B91, B90 and nearby Solihull areas

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Remortgage Brokers in Solihull - Homemove

Fee-free remortgage advice for Solihull homeowners

Solihull homeowners are sitting on an average sold price of £410,000, and homedata.co.uk records show 2,050 sales in the last 12 months. That matters when your fixed rate is ending, because even a small change in equity can shift your loan-to-value band and open, or close, a better rate. Our fee-free remortgage brokers compare the whole market, not just the deals on comparison sites, and the advice fee is usually paid by the lender at completion.

In B91 and B90, that can mean different options for very different homes, from a detached place near Hampton Manor, B91 2SW, to a semi in Shirley around The Green, B90 4NE. We look at the balance, the remaining term, any early repayment charges, and whether a product transfer or a full remortgage makes more sense. If you need to raise money for a new kitchen, roof work or a bigger project, our advisers can look at that too, subject to valuation and affordability.

Many remortgages come with free standard legals and a free valuation from the new lender, so the switch can be lighter than people expect. Specialist cases can carry a flat advice fee, but that is disclosed upfront, before you commit. If your home is in Monkspath, Solihull town centre, or one of the older streets around Knowle, we will price the case on the facts, not on a guess.

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Solihull Property Market Data

£410,000

Average House Price

£630,000

Detached

£360,000

Semi-detached

£290,000

Terraced

£210,000

Flats

-2.4%

12-Month Change

2,050

Sales in Last 12 Months

Using listing data from home.co.uk and property data from homedata.co.uk

When to Remortgage in Solihull

The best time to start is usually 3-6 months before your fixed rate ends. That gives our team time to line up a new deal before your current one drops you onto the lender's SVR, which is often 2-3% higher than a fresh fix. In Solihull, that timing matters just as much for a flat in B91 as it does for a detached house near the NEC or Birmingham Airport, because the rate you see will still be shaped by your balance and your LTV band.

An early move can also make sense if you want to switch away from a rate that no longer suits you, or if an ERC is still small enough to pay and move on. On many fixes, the charge tapers each year, so a 1% or 2% fee on the outstanding balance can look painful, then still be cheaper than sitting on the SVR for months. Our advisers run that comparison for Solihull owners every day, including people who want to release equity for home improvements or clear costlier borrowing.

The other trigger is simple. Your home value has moved, your mortgage balance has fallen, and your LTV is better than it was when you last fixed. On a Solihull home worth £410,000, a balance below £307,500 sits under 75% LTV, which can matter a lot when you compare product transfer options against a move to a new lender. That is why we check the whole picture, not just the headline rate.

Check your fix end date
Ask us to review any ERC
Test your current LTV against £410,000
Compare a product transfer with a whole-market remortgage

Illustrative Monthly Cost on a £200,000 Balance

2-year fix £1,035

5-year fix £1,005

Tracker £1,090

SVR £1,285

Illustrative comparison only. Figures use a 25-year repayment term and are shown to compare the gap between a new deal and the SVR.

Product Transfer vs Remortgage in Solihull

A product transfer keeps you with the same lender. The paperwork is lighter, there is usually no legal work, and the switch can be quick if your deal at a place in B90 or B91 is about to end. A full remortgage moves you to a new lender, which adds some admin, but it can unlock a better rate, a different fee structure, or extra borrowing if you want to fund work on the house.

For a lot of Solihull borrowers, the decision comes down to numbers, not habit. If your home is near the higher-value end of the market, perhaps a detached property around £630,000 or a semi at £360,000, a new lender may price the case more sharply than the current lender will on a product transfer. Many remortgages also come with free standard legals and a free valuation, so the extra paperwork does not always mean extra cost.

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Product Transfer vs Remortgage in Solihull

Product Transfer, Full Remortgage or Stay on SVR

Option	Rate access	Cost and speed	Borrowing flexibility
Product transfer	Your current lender only	Usually quick and low-cost	Limited
Full remortgage	Whole-market access	Slower, but often with free legals	Higher
Do nothing, stay on SVR	No new deal	Fastest to do, usually the priciest	Low

How a Remortgage Works

Review your current deal

We start with your existing mortgage, the remaining balance, and any ERC attached to the fix. If you are in Shirley, Knowle or Hampton-in-Arden, the process starts the same way. The key question is simple, does moving now beat waiting.

Fact-find and affordability

Our adviser checks income, spending, credit history and the reason for the remortgage. That tells us whether you are aiming for a straight rate switch, a product transfer, or a remortgage that raises extra money for improvements.

Decision in principle

Once the numbers line up, we ask a lender for a decision in principle. It gives you an early view of whether the case is likely to fit before you commit to the full application.

Application and valuation

The lender then reviews the application and, where needed, arranges a valuation on the Solihull property. A flat in B90 may be treated differently from a detached home near the NEC, so the valuation step matters.

Legal work

Many remortgages come with free standard legals through the new lender, which keeps the legal side lighter. If the case is more complex, or if you are remortgaging a property in one of Solihull's conservation areas, the solicitor may need to do a little more.

Completion

On completion, the old mortgage is redeemed and the new one starts. The switch should be ready to land before the existing deal ends, so you do not drift onto the SVR for no reason.

Start 3-6 Months Before Your Fix Ends

A remortgage in Solihull works best when the new deal is ready before your current rate ends. Starting 3-6 months ahead gives us time to check ERCs, compare whole-market options, and line up the switch so you are not paying the SVR on a home in B91 or B90 while the paperwork is still moving.

Local Remortgage Considerations in Solihull

Solihull is a mixed market, and the housing stock shows it. Census data puts detached homes at 33.7%, semi-detached at 39.1%, terraced at 12.3% and flats, maisonettes or apartments at 14.6%, while 74.3% of homes were built before 1980. That older stock matters for remortgaging, because a lender looking at a 1945-1980 brick home in Shirley may think differently to one looking at a newer property near Hampton Manor, B91 2SW.

The ground beneath Solihull brings its own checks. The Mercia Mudstone Group can be prone to shrink-swell movement, and that raises the risk of subsidence or heave where mature trees and reactive clay sit together. Add the River Blythe, the River Cole and surface water flood risk in some urban parts of the borough, and a valuation survey may ask sharper questions than owners expect. That does not block a remortgage on its own, but it can affect the lender's view of the property.

Conservation-area homes need a separate eye. Solihull has 20 Conservation Areas, including Solihull Town Centre, Knowle, Dorridge, Hampton-in-Arden and Olton, and listed buildings often need more detailed checks than a standard box-ticking valuation. If you own a period property in one of those spots, or a newer home on a scheme such as Hampton Manor, The Green in Shirley, Lucas Green, or Monkspath, the lender may ask for more detail on the build, the lease, or any unusual construction. Our brokers factor that in before you spend time on an application.

Hampton Manor, B91 2SW, from £370,000 to £800,000+
The Green, Shirley, B90 4NE, from £315,000 to £575,000
Monkspath, B90 4JE, from £290,000 to £550,000+
Lucas Green, Solihull, from £225,000

How Much Could You Save or Borrow

Take a Solihull home valued at the area average of £410,000. If the current mortgage balance is £246,000, the loan sits at 60% LTV, which is a useful band for rate hunting. If that loan has rolled to the SVR, the monthly cost can jump quickly compared with a new fixed deal, and the difference can be enough to matter on a family budget in B90 or B91.

Here is a simple example. In an illustrative case, a £246,000 balance can sit around £1,900 a month on the SVR and nearer £1,400 a month on a new fixed rate, depending on the term, fees and credit profile. If the same homeowner wanted to raise an extra £20,000 for a new bathroom, roof repairs or a rear extension, the remortgage can be structured around the higher figure, provided the valuation and affordability work stack up. That is equity release in the ordinary remortgage sense, not lifetime lending.

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Frequently Asked Questions

When should I start a remortgage in Solihull?

Start 3-6 months before your fixed rate ends. That gives us time to check your ERC, test the LTV against the value of your home in B90 or B91, and line up the new deal before the account moves onto the SVR. If your property is near the NEC, Birmingham Airport or the older streets around Knowle, the timing advice is the same.

What is an ERC, and is it worth paying?

An ERC is an early repayment charge, usually applied if you leave a fixed deal early. On a £246,000 balance, a 1% charge is £2,460, so we always compare the charge with the cost of staying put and drifting onto the SVR in Solihull. Sometimes paying the fee is the cheaper route, sometimes it is not, and the answer depends on your rate, your term and how long you would otherwise sit on the old deal.

Is a product transfer better than a full remortgage?

A product transfer is quicker because you stay with your current lender, and there is usually no legal work. A full remortgage gives you access to the wider market, which can matter if your LTV has improved since you last fixed, or if your current lender is not pricing your case well on a home in Shirley, Dorridge or Hampton-in-Arden.

Can I borrow more on my remortgage?

Yes, subject to affordability and valuation. On Solihull's average sold price of £410,000, a balance below £307,500 sits under 75% LTV, which can help if you want to add £10,000 or £20,000 for improvements. Our advisers will still check the income side, because lenders look at the full picture as well as the value of the house.

Do I need a solicitor for a remortgage?

Often, no extra solicitor cost is needed because many new lenders include free standard legals. If your home is a leasehold flat in Shirley, or a property in one of Solihull's conservation areas, the legal side can be a little more involved, so we will explain that before you apply. Nothing starts until you know what the process looks like.

What happens if my home has gone up in value?

A higher valuation can move you into a lower LTV band, which is where rate pricing can improve. That is one reason Solihull owners keep an eye on completed sales data from homedata.co.uk, especially if they bought before the market moved or they have paid the balance down steadily. If your home has risen and your mortgage has fallen, you may have more room to compare lenders.

Can you help if I am self-employed or have adverse credit?

Yes. We look at the whole market, including lenders who are comfortable with self-employed income, changing earnings, or older credit blips. That matters for Solihull owners working around Jaguar Land Rover, the NEC Group or Birmingham Airport, because income can vary from one year to the next, and a standard high-street view is not always the right fit.

How long does a remortgage take?

A product transfer can move quickly, while a full remortgage usually takes longer because of the valuation and the legal work. Starting 3-6 months before your current rate ends gives the case time to move, even if the property is a newer home in B90 or a more complex house in Knowle. The aim is simple, get the new deal in place before the old one ends.