Remortgaging From Arbuthnot Latham

Why Do People Remortgage Away From Arbuthnot Latham?

Arbuthnot Latham clients often have specific reasons for considering a switch at remortgage time:

• Cost of bespoke lending — Private banks charge a premium for their tailored approach. If your financial situation has become more straightforward since you first took out your mortgage, you may no longer need bespoke underwriting and could access much sharper rates from mainstream lenders.
• Greater product choice — The wider mortgage market offers thousands of products with varying terms, features, and structures. Arbuthnot Latham's range, while carefully curated, is naturally more limited than the full market offering.
• SVR impact — Once your initial deal expires, the standard variable rate at Arbuthnot Latham can be considerably higher than the rates available on new mortgage products. Switching before or when your deal ends prevents this unnecessary cost.
• Competitive landscape — The UK mortgage market is highly competitive, and rates from challenger banks, building societies, and specialist lenders have driven down pricing across all segments. What was a fair rate two or three years ago may now look expensive by comparison.

Leaving Arbuthnot Latham for your mortgage does not mean leaving the bank entirely. Many clients maintain their banking and wealth management relationships while sourcing their mortgage from a more competitive provider.

Arbuthnot Latham Rates and Standard Variable Rate

Arbuthnot Latham prices its mortgage products on an individual basis, reflecting the bespoke nature of its private banking service. Rates are not publicly advertised and will vary based on your loan size, loan-to-value ratio, income profile, and overall relationship with the bank.

Understanding the SVR

When your initial deal period ends, you will revert to Arbuthnot Latham's standard variable rate. Private bank SVRs are typically higher than those of mainstream lenders, and the difference can translate into hundreds of pounds extra each month. Checking your SVR early gives you time to plan your next move.

The true cost of staying

To understand the real cost of remaining on the Arbuthnot Latham SVR, compare your projected monthly payment against what you would pay on a competitive new deal from another lender. Over a two-year or five-year period, the cumulative difference can run into thousands of pounds.

Retention rates

Before looking elsewhere, ask Arbuthnot Latham what retention rates they can offer. Private banks will sometimes offer improved terms to keep valued clients, particularly those with broader banking relationships. However, always compare any retention offer against the best available rates in the open market.

How to Remortgage Away From Arbuthnot Latham

The remortgage process from Arbuthnot Latham is similar to switching from any other lender. Here are the key steps:

• Confirm your deal details — Contact Arbuthnot Latham to confirm your deal expiry date, current outstanding balance, and any early repayment charges that may apply.
• Determine your requirements — Think about what you want from your next mortgage. Consider the rate type (fixed, tracker, or variable), the term, repayment method, and any features such as offset facilities or overpayment flexibility.
• Search the market — Use a broker or conduct your own research to identify the most competitive products for your circumstances. Pay attention to the total cost of the mortgage, not just the headline rate.
• Apply to your chosen lender — Submit your application along with the required documentation. Your new lender will carry out their own affordability assessment, credit checks, and property valuation.
• Complete through a solicitor — A solicitor will handle the redemption of your Arbuthnot Latham mortgage and the registration of the new lender's charge against your property.

Start the process at least three to six months before your deal expires to allow plenty of time for a smooth transition.

Things to Check Before Leaving Arbuthnot Latham

Consider these factors before committing to a move away from Arbuthnot Latham:

Early repayment charges

If you are still within your initial deal period, leaving early will likely incur charges. These are usually a percentage of the outstanding balance and can be substantial on larger loans. Weigh the cost of the charge against the savings you would achieve with a new deal.

Complex income structures

Arbuthnot Latham is experienced in assessing complex income, including self-employment earnings, investment income, trust distributions, and bonus-heavy remuneration packages. If your income does not fit standard lender criteria, confirm that your new lender can accommodate it before you apply.

Property type

If your property is unusual in any way, such as a listed building, a property with significant land, or a high-value central London flat, ensure your new lender is comfortable with the property type and can arrange an appropriate valuation.

Wealth management integration

Some Arbuthnot Latham clients benefit from integrated wealth management and mortgage planning. If your mortgage is part of a broader financial strategy, consider whether moving it independently could affect the overall plan.

Redemption process

Contact Arbuthnot Latham early to request a redemption statement. This document confirms the exact amount needed to repay your mortgage and any associated charges. Having this information early helps your solicitor progress the legal work without delay.

Why a Mortgage Broker Helps When Leaving Arbuthnot Latham

A specialist mortgage broker provides considerable value when remortgaging from a private bank:

Understanding high net worth needs

Brokers who specialise in high net worth lending understand the unique requirements of private bank clients. They know which lenders offer competitive rates for larger loans, can handle complex income, and provide the level of service you expect.

Whole-of-market access

A whole-of-market broker can search across the entire lending landscape, including private banks, building societies, challenger banks, and mainstream providers. This ensures you see every option available, not just the most obvious ones.

Rate benchmarking

Without published rates, it can be difficult to know whether Arbuthnot Latham's pricing is fair. A broker can benchmark your current and proposed terms against the market, giving you a clear picture of where you stand and how much you could save.

Efficient process management

From gathering documentation to liaising with solicitors and valuers, a broker manages the entire remortgage process. This is especially valuable for time-poor professionals who want the move handled smoothly and efficiently.

Future planning

A good broker will also help you think about the longer term. They can advise on deal length, repayment strategy, and how to structure your mortgage in a way that aligns with your broader financial objectives.