When Should You Remortgage?
1. End of Your Fixed-Rate Term
If you’re approaching the end of your fixed-rate term, it’s a prime opportunity to explore remortgaging. By researching different lenders and deals, you can secure a new mortgage deal before reverting to your lender’s standard variable rate (SVR).
2. Changes in Personal Circumstances
Life changes, such as relocating, experiencing a change in income, or needing additional borrowing, may warrant a remortgage.
3. Market Conditions and Interest Rates
Keeping an eye on market conditions and interest rates is crucial. When rates are low, remortgaging can offer significant savings. Timing your remortgage decision strategically can make a considerable difference.
Our Remortgage Process
Take the time to research different lenders, their products, and their eligibility criteria. Comparing options will help you find the best deal for your circumstances.A European Standardised Information Sheet or Key Facts Illustration will be provided.
In order to accurately calculate savings, consider potential fees involved in remortgaging, such as arrangement fees, valuation fees, and legal costs. Calculate your potential savings by comparing your current mortgage with the proposed remortgage.
Once you’ve chosen a suitable remortgage deal, follow the application process outlined by your lender. Gather the necessary documentation and paperwork, which may include proof of income, bank statements, and identification.