They can do, but it depends on what you mean by “better” and what your goals are. Private banks may offer attractive remortgage terms when bespoke underwriting and flexibility matter, such as complex income, larger loans, interest-only structures, or service-led discretion. For some borrowers, the ability to structure borrowing around wider planning is more valuable than chasing the lowest headline rate.
However, mainstream and specialist lenders can be highly competitive, particularly at lower LTVs or where the case is relatively straightforward. Private bank remortgages can also involve deeper due diligence and may come with relationship conditions, such as maintaining assets under management or minimum balances. Those conditions can change the overall value once you consider fees and ongoing costs.
A good comparison looks at total cost, not just rate: arrangement fees, legal costs, early repayment terms, flexibility, and any relationship or investment management fees. It also looks at certainty and speed: how quickly the bank can underwrite and issue an offer, and how many conditions they tend to apply before completion.
The best route is usually the one that fits your priorities and your structure. If you value flexibility and bespoke underwriting, a private bank may be worth exploring. If you want competitive pricing and a straightforward remortgage, mainstream or specialist lenders may provide better value.
Hearthstone Mortgages is a trading name of Hearthstone Advisory Limited (Company Number 10563329) and is authorised and regulated by the Financial Conduct Authority (FCA Reference Number 945282).
Registered office: Europa House, Marsham Way, Gerrards Cross, Buckinghamshire, SL9 8BQ.
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