Refinancing, done properly, even when your income doesn’t fit a template.
If your rate has drifted above the market, refinancing usually frees up more cashflow than people expect. We compare your loan against more than fifty lenders, deal directly with your current lender, and time the switch so nothing lapses in between.
When refinancing is actually worth it
Not every refinance is worth the paperwork, and we’ll tell you honestly when it isn’t. It usually is when one of these is true: your fixed term is ending and you’re about to roll onto a much higher variable rate, your rate has quietly drifted above what new customers on the same lender are getting, you want to consolidate a handful of debts into one repayment, or you want to release some equity for a renovation, an investment, or something else entirely.
The comparison itself costs nothing and commits you to nothing. If the numbers don’t stack up once fees and any break costs are accounted for, we’ll say so.
Self-employed, or income that moves around
This is where most of our refinance work actually happens. Self employed, sole trader or through a company. Contracting, casual shifts, or hours that move around. Income that arrives as commission, bonuses or overtime.
Lenders assess all of this differently, and the gap between them is wider here than on a straightforward salary. One will want two years of tax returns, another will work from one. We raise it at the start rather than halfway through an application. It changes which lenders are worth approaching, and it rarely changes whether anyone will lend.
- Typical reasonRate drifted above market
- What we handleApplication through to settlement
- Compared againstMore than fifty lenders
Questions about this specifically.
Will refinancing show up on my credit file?
Not from talking to us, and not from comparing your options. A formal application does leave an enquiry on your file, and you’ll know before that happens, not after.
How long does a refinance actually take?
It depends on the lender and how complete your documents are, but most refinances settle within a few weeks of a full application going in. We time the switch so your existing loan and the new one line up, with nothing lapsing in between.
What if I’m self-employed or my income is irregular?
Raise it with us at the start, not on the application form. It narrows which of the fifty-plus lenders are actually worth approaching. It rarely changes whether refinancing is possible at all.
Looking for something else?
Find out what you are actually eligible for.
A first conversation costs nothing and commits you to nothing. Worst case, you learn your current loan is fine.