WHEN SHOULD I START TO THINK ABOUT REMORTGAGING?

You should start thinking about remortgaging around 3 to 6 months before your current mortgage deal ends. This gives you enough time get advice from a mortgage broker who will be able discuss the options available and secure a new deal without slipping onto your lender’s Standard Variable Rate (SVR), which is often significantly higher.

Your home 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