Looking for a Better Mortgage Deal?
Remortgaging need not be a hassle. In fact, it’s something we should all think of regularly to make sure we’re still on the best mortgage deal available.
If your current mortgage deal is about to come to an end, it’s important to shop around for a new offer before you get transferred onto your lender’s standard variable rate (SVR) as this could be higher than your current rate. If you are already on a variable rate then you should review your mortgage arrangements at least once a year – doing so could save you hundreds, if not thousands of pounds.
You may have to pay an early repayment charge to your existing lender if you remortgage before your existing deal comes to an end.