The amount you can borrow when remortgaging depends on your income, outgoings, credit history and current property value. Most lenders start with an income multiple, often between four and four-and-a-half times salary, but this is only part of the assessment. Detailed affordability checks are applied to ensure repayments remain manageable, even if rates rise.
If your property has increased in value since purchase, your loan-to-value ratio may have improved. This can provide access to more competitive products or allow additional borrowing through capital raising.
Borrowing more increases your mortgage balance and monthly payments. Lenders will stress test affordability carefully before approving any additional funds, so reviewing the long-term impact is important before proceeding.
Your home/property may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
When you remortgage, how much you can borrow comes down to three things: your income, how much equity you have in your home, and whether the payments are affordable. Lenders usually start from an income multiple, often around four to four and a half times income, then adjust for your outgoings and credit. The more equity you have (a lower loan to value), the more lenders you can choose from and the better the rates.
Can you borrow more when you remortgage?
Yes, many homeowners remortgage to borrow more, for home improvements or to consolidate the right debts. It is not guaranteed, it has to be affordable, and lending has been tightening through 2026, so it is worth checking early what is realistic.
How many times can you remortgage?
There is no limit on how many times you can remortgage. Most people do it each time a fixed deal ends, usually every two to five years. Watch out for early repayment charges if you leave a deal early.
The honest answer is that your figure is personal. We will work it out with you and find the lenders most likely to say yes. See our remortgaging advice or book a free review. Your home may be repossessed if you do not keep up repayments on your mortgage.
Still weighing it up?
Every situation is different. Have a free, no-obligation chat and we will give you a straight answer for your circumstances.
