Switching Cost Calculator

Main costs include exit fees (£100-£500), early repayment charges (if applicable), new arrangement fees (£0-£2,000+), valuation fees (£150-£1,500), legal fees (£300-£1,000), and potential broker fees.

Switching typically makes sense when the interest savings over your intended period exceed the total switching costs. Compare the total cost of your current deal versus the new deal including all fees.

ERCs usually apply during fixed-rate or discount periods. You can avoid them by waiting until your current deal ends, or some lenders allow 10% annual overpayments without charges.

Usually yes, lenders require a current valuation to assess the property value and loan-to-value ratio. Some lenders offer free valuations or desktop valuations for certain deals.

Typically 4-8 weeks from application to completion. This includes application processing, valuation, legal work, and the actual switch. Starting early helps ensure you switch before any rate increases.