How early can you remortgage?
Most lenders allow you to start the process around six months before your current deal ends. That way, you can lock in a new rate early. If rates drop before you switch, you often still have the option to move to a better deal before you current rate expires.
What are the benefits of remortgaging?
Potentially lower monthly payments. Access to more products if your property has risen in value. The chance to release equity, extend or shorten your term, or restructure your loan.
What does remortgaging mean?
Remortgaging is switching from your current mortgage to a new deal, either with your existing lender or a new one. Many people do this when their fixed-rate period ends to avoid moving onto the lender’s standard variable rate (SVR).