Compare remortgage quotes

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Compare remortgage quotes

Compare remortgage quotes to ensure you’re securing the best deal for your financial future. With the complexities of the mortgage market, understanding how various factors play into your quote is vital. Comparing remortgage quotes requires more than just looking at interest rates; factors such as payment holidays, age limitations, the length of your mortgage term, and the ideal time to get a quote all come into play. Dive into this guide to get a comprehensive view of what you need to consider when exploring remortgage options.

How do I compare remortgage quotes effectively in the UK?

Comparing remortgage quotes effectively in the UK involves a combination of assessing your financial situation, understanding different mortgage types, and diligently reviewing the terms and costs of each offer. Here’s a step-by-step guide to help you compare remortgage quotes effectively:

Know your needs: Determine the primary reason for your remortgage (e.g., to get a better interest rate, to release equity, or to consolidate debts).

Decide on the type of mortgage you want: fixed, variable, tracker, or discount.

Assess your financial position:

  • Check your current mortgage deal to see if there are any early repayment charges.
  • Know your current home’s value. This will affect your loan-to-value (LTV) ratio, which impacts the rates available to you.
  • Review your credit score. A better score often gives access to better rates.

Gather multiple quotes:

  • Use online comparison tools, which offer a quick way to see a variety of deals.
  • Consider speaking to a mortgage broker who has access to deals that may not be publicly advertised.

Compare interest rates:

Look not just at the headline rate but also at the Annual Percentage Rate (APR), which takes into account fees and other charges.

Understand the fees:

  • Application fees, valuation fees, and legal fees can vary.
  • Some mortgages might offer lower rates but come with higher fees, so assess the total cost over the term.

Check flexibility:

  • Can you overpay without penalties?
  • Is there an option for payment holidays?
  • Can you transfer the mortgage to a new property?

Term length:

While longer-term mortgages might offer smaller monthly payments, they usually result in more interest paid over time.

Consider the bigger picture:

  • If you’re planning to move in a few years, a mortgage without early repayment charges might be beneficial.
  • If the Bank of England’s base rate is expected to rise, a fixed rate might be more attractive.

Seek professional advice:

An independent mortgage advisor can help clarify any terms and ensure you’re getting the best deal for your specific situation.

Review terms and conditions:

Read the fine print to understand any restrictions or benefits of the mortgage.

Final decision:

Once you’ve done a thorough research and possibly consulted with a professional, make your decision based on the total cost and benefits of the mortgage over its term.

Remember, the cheapest deal isn’t always the best. It’s essential to consider all factors, including fees, flexibility, and the type of mortgage, before making a final decision.

What is a remortgage, and when do I need one in the UK?

A remortgage refers to the process of switching your existing mortgage to a new deal, either with your current lender or a different one, without moving homes. It’s essentially a way to replace your current mortgage with a new one.

Here’s why someone might consider remortgaging in the UK:

To obtain a better interest rate: Once an initial mortgage deal (like a fixed rate or discounted rate) comes to an end, lenders usually move borrowers to their Standard Variable Rate (SVR), which can be higher. By remortgaging, you might secure a more competitive interest rate than the SVR.

To release equity: As property value increases over time, homeowners might choose to remortgage to release some of this equity. This means getting a new mortgage that’s larger than the existing one and using the difference for purposes like home improvements, investments, or other major expenditures.

To change mortgage type: If a borrower is on a variable rate mortgage and believes interest rates might rise, they may remortgage to a fixed rate to have predictable monthly payments. Conversely, if rates are falling, they might switch from fixed to variable to take advantage of lower rates.

Debt consolidation: Some people opt to remortgage to consolidate other, more expensive debts into their mortgage, thereby making management of finances simpler. This can reduce monthly outgoings but could cost more in the long run due to the extended period of the mortgage.

Improved financial situation: If a person’s credit score has improved since first taking out their mortgage, they might be eligible for better mortgage deals and choose to remortgage.

Seeking more flexibility: Some mortgages allow overpayments, payment holidays, or the ability to offset savings against the mortgage balance. If your current mortgage doesn’t offer these features and they’re desirable, you might remortgage to a more flexible product.

Concerns about property value: If homeowners believe that property values will fall and they have a small amount of equity in their home, they might choose to remortgage to secure a lower loan-to-value (LTV) rate.

Changing personal circumstances: Situations such as marriage, divorce, expanding family, or changing jobs might necessitate a change in mortgage structure or borrowing amount.

Help to buy: If you purchased your home with a Help to Buy Equity Loan, you might consider remortgaging to repay that loan, especially if the interest-free period is coming to an end.

Shared ownership: If you own a home through a shared ownership scheme, you might consider remortgaging to buy a larger share of the property.

Investment purposes: You might consider remortgaging to release equity for investment opportunities, such as buying a rental property or investing in a business.

Things to consider before remortgaging:

  • First, always consider your financial situation and long-term goals.
  • Consider any penalties or fees associated with remortgaging. Early repayment charges can be costly if you switch before your current deal ends.
  • Keep an eye on interest rate trends. If rates are predicted to rise significantly, locking in a lower rate sooner might be beneficial.
  • It’s advisable to start looking at potential remortgage deals a few months before your current deal ends to ensure a smooth transition.
  • Lastly, before making any decisions, it’s wise to consult with a mortgage advisor or financial planner who can provide tailored advice based on your individual circumstances.
  • When your deal is coming to an end.

Are online remortgage comparison tools reliable for UK homeowners?

Online remortgage comparison tools have become a popular resource for UK homeowners looking to find a new mortgage deal. These platforms aggregate and display a variety of mortgage products, making it easier for users to compare interest rates, fees, terms, and other relevant details side-by-side.

In terms of reliability, many of these tools can indeed offer a helpful overview of the current mortgage market. They draw data from a wide range of lenders, providing a snapshot of available offers at any given time. This can be especially useful for those who want a quick glance at potential rates without having to approach each lender individually.

However, there are a few considerations to bear in mind:

Coverage: Not all comparison tools will cover every lender or mortgage product available in the market. Some lenders might not be listed, and others might have exclusive deals that aren’t available on comparison sites.

Customised recommendations: While these tools can provide general quotes based on the information you input, they might not account for your entire financial situation or specific needs. A mortgage broker, on the other hand, can give tailored advice and recommendations.

Affiliate links and commissions: Some comparison websites may earn commissions from lenders for referrals or successful applications. While this doesn’t necessarily mean the recommendations are biased, it’s something users should be aware of.

Data accuracy: Rates and deals can change frequently, so it’s crucial to ensure the information is up-to-date. It’s always a good idea to cross-check the details on the lender’s official website or contact the lender directly.

Personal data security: When using online tools, always ensure the platform is secure, especially if inputting personal or financial information.

What factors should I consider when comparing remortgage quotes?

When comparing remortgage quotes, it’s crucial to look beyond just the headline interest rate. Here are some key factors you should consider:

Interest rate: Naturally, the interest rate will be one of your primary considerations. Lower rates can translate to lower monthly payments, but remember to look at the type of rate – fixed, variable, tracker, or discount – and how it might change over time.

Total cost over the term: This includes both the interest you’ll pay and any associated fees. Sometimes, a lower interest rate might come with higher fees, which could make the mortgage more expensive in the long run.

Fees and charges: This can include arrangement or booking fees, valuation fees, and legal costs. Some deals might also have cashback offers, which can offset these fees.

Early repayment charges (ERCs): If there’s a chance you might want to pay off your mortgage early or make overpayments, check if there are any ERCs attached to the mortgage deal.

Loan-to-value (LTV) ratio: The LTV represents the amount you want to borrow as a percentage of your property’s value. Different LTV bands can come with different rates, so ensure the quote reflects your accurate LTV.

Term length: The duration of the mortgage can impact both your monthly payments and the total amount of interest you’ll pay over the life of the loan.

Flexibility: Consider features like the ability to overpay without penalties, take payment holidays, or the possibility to offset savings against the mortgage balance.

Portability: If you think you might move house before the end of the mortgage term, check if the mortgage is portable, allowing you to transfer it to a new property.

Incentives: Some lenders offer incentives like cashback, free valuations, or help with legal fees to attract borrowers. While these can be beneficial, ensure you’re not compromising on other more important factors.

Provider’s reputation: It’s always good to consider the lender’s reputation for customer service, flexibility, and handling issues or complaints.

Potential future rate changes: If you’re considering a variable or tracker rate, think about potential future interest rate changes, especially if there are indications that rates might rise in the near future.

What documentation do I need to gather before comparing remortgage quotes?

While you don’t necessarily need all your documentation just to compare remortgage quotes, having it ready can make the process smoother once you decide to proceed with an application.

Here’s a list of documents that are typically required when applying for a remortgage in the UK:

Proof of Identity: This can include a valid passport or driving licence.

Proof of address: Utility bills (like electricity, water, or gas) from the last three months or council tax bills for the current year can be used. Some lenders might also accept recent bank or credit card statements.

Proof of income:

  • For employed individuals: Recent payslips (usually the last three months) and the most recent P60, which shows your annual income.
  • For self-employed individuals: Typically, lenders will require two to three years of accounts or tax returns. Some might also ask for an accountant’s reference.

Mortgage statement: A recent statement from your current mortgage provider showing your outstanding balance, monthly payments, and any other relevant details.

Bank statements: Typically, the last three months of bank statements, which show your income, regular monthly expenditures, and any other financial commitments.

Details of current mortgage: Information about your current mortgage product, including the interest rate, type of rate (e.g., fixed, variable), remaining term, and any early repayment charges.

Details of your property: Some basic details about your property, like its type (e.g., detached, semi-detached), approximate value, and any significant changes made since purchasing can be useful.

Credit report: While you won’t need to provide this (lenders will usually do their own checks), it’s a good idea to review your credit report before applying to ensure there aren’t any mistakes or surprises.

Details of debts: If you have any other significant debts, like loans or credit cards, having details of these can be useful, especially if you’re considering consolidating them into your mortgage.

Proof of commitments: If you have other financial commitments, such as child maintenance, be prepared to provide evidence of these.

While the above list covers most of the general requirements, different lenders may have slightly varying criteria or request additional documents based on your specific situation. Starting the comparison and application process with these documents at hand can streamline the procedure and speed up the decision-making by lenders.

How can I work out how much a remortgage will cost?

Working out the cost of a remortgage involves considering both the upfront costs and the ongoing expenses over the term of the mortgage. To begin with, consider any arrangement or product fees your new mortgage might have. These can often be added to the mortgage, but doing so means you’ll pay interest on them, increasing the overall cost.

Next, think about valuation fees. When remortgaging, your new lender will want to determine the value of your property, and there’s usually a fee associated with this. Sometimes, lenders offer free valuations as part of their remortgage deals, so it’s worth checking.

Legal fees are another consideration. Remortgaging involves some legal work, which means instructing a solicitor or conveyancer. Some lenders offer free legal work as part of their remortgage packages, using their chosen solicitors, but you always have the option to use your own, which might come at an additional cost.

An often overlooked but significant cost is the early repayment charge on your current mortgage. If you’re still within an initial deal period on your existing mortgage (e.g., a two-year fixed rate), you might have to pay a penalty for leaving early. It’s essential to check your current mortgage offer for details on this.

Regarding the new mortgage itself, the main ongoing cost will be the monthly repayments. You can use online mortgage calculators to get an estimate. Remember to factor in the interest rate, the mortgage amount, and the term. Be aware that if you choose a variable or tracker rate, your payments could change if the interest rate changes.

Finally, over the long term, consider how the term of the new mortgage affects the total amount repaid. Extending the mortgage term might lower monthly payments, but it can increase the total amount of interest paid over the life of the mortgage.

How do interest rates in the UK affect remortgage quotes?

Interest rates in the UK have a direct impact on remortgage quotes. When the Bank of England sets the base rate, it influences borrowing costs for lenders, and these costs are then passed on to consumers in the form of mortgage interest rates.

When the base rate is low, lenders can typically access funds at a lower cost, and this can lead to lower interest rates for consumers. Consequently, homeowners might find remortgage quotes with attractive rates, making it an opportune time to consider remortgaging. On the other hand, if the base rate increases, the cost of borrowing for lenders also rises, which can result in higher interest rates on remortgage quotes.

Furthermore, the anticipation of future interest rate changes can also play a role. If there’s widespread expectation that interest rates will rise in the near future, homeowners might rush to secure fixed-rate remortgage deals to lock in current rates before they go up. Conversely, if there’s a belief that rates will decrease, some might hold off remortgaging in hopes of getting a better rate later.

It’s also worth noting that while the base rate has a significant influence, it’s not the only factor determining remortgage rates. Lenders also consider their own funding costs, competitive pressures, risk assessments, and desired profit margins when setting rates.
In essence, interest rates in the UK can influence the attractiveness and cost of remortgage deals, impacting a homeowner’s decision on whether to stick with their current deal or switch to a new one.

Can I switch my mortgage provider during a fixed term?

Yes, you can switch your mortgage provider during a fixed term, but there are some considerations to be aware of. When you’re within a fixed-term agreement, there’s usually an early repayment charge (ERC) if you decide to repay, switch, or overpay beyond the allowed limit before the term ends. This charge can be a significant amount, often calculated as a percentage of the outstanding mortgage balance.

The ERC is intended to compensate the lender for the loss of interest they would have received if you had kept the mortgage for the full fixed term. It’s essential to check your mortgage agreement to understand how much this charge will be.

While the ERC can be substantial, in some cases, it may still make financial sense to switch providers if the new mortgage deal offers a much lower interest rate or if there are other compelling reasons to change. However, homeowners need to weigh the cost savings of the new mortgage against the cost of the ERC.

It’s also worth noting that some mortgage deals allow overpayments up to a certain limit without incurring an ERC. This can be a way to reduce the balance before switching without facing a penalty.

How can I find the best remortgage deal?

Finding the best remortgage deal involves a mix of research, understanding your financial situation, and possibly seeking expert advice. Start by assessing your current mortgage, including its interest rate, terms, and any early repayment charges. Knowing your current position will help you gauge what a better deal looks like.

Next, use online remortgage comparison tools to get a sense of the deals available in the market. These platforms aggregate data from various lenders, letting you see interest rates, terms, and fees of different mortgage products side by side.

While online tools are convenient, remember they might not capture the entire market. Some deals might be exclusive to specific lenders or available only through mortgage brokers.

Therefore, consider consulting with a mortgage broker who has access to a wide range of offers and can provide tailored advice. They can evaluate your circumstances, recommend suitable deals, and guide you through the application process.

Also, consider factors beyond just the headline interest rate. Look at fees, flexibility of the mortgage, potential future interest rate changes, and the lender’s reputation for customer service.

Lastly, regularly reviewing your mortgage and keeping an eye on the market will help you stay informed about when it might be a good time to remortgage. With a proactive approach and the right resources, you can increase your chances of securing the best remortgage deal for your situation.

Can I get the best remortgage quote with bad credit?

Yes, it’s possible to get the best remortgage quote with bad credit, but it can be more challenging. Having a poor credit history can limit the number of lenders willing to offer you a mortgage, and those that do might charge higher interest rates to offset the perceived risk.

However, several specialist lenders cater to individuals with adverse credit. The key is to demonstrate that you’re a reliable borrower despite past credit issues. This might involve showing that your financial situation has improved or explaining the circumstances that led to past credit problems.

It can also be helpful to check your credit report for any inaccuracies or outdated information and address these before applying. Small steps like paying off outstanding debts, ensuring you’re on the electoral roll, and avoiding making multiple credit applications in a short time can help improve your credit standing.

Another route is to work with a mortgage broker experienced in helping clients with bad credit. They can guide you to lenders more likely to consider your application and advise on steps to bolster your application.

While bad credit can pose challenges, with the right approach and perseverance, it’s possible to secure a satisfactory remortgage quote.

When should I remortgage?

There are several reasons why you might consider remortgaging:

When your deal is coming to an end: Most mortgage deals last for a particular period (e.g., 2, 3, or 5 years). Once that period ends, you might be moved to your lender’s standard variable rate (SVR), which can often be higher than other available deals.

Remortgaging before your deal expires can help you lock in a better rate and potentially save money.

Changing mortgage types: You may want to switch from an interest-only mortgage to a repayment mortgage or vice versa. You might also consider switching from a variable rate to a fixed rate (or the other way around) based on interest rate forecasts and your own financial stability.

Releasing equity: As you pay down your mortgage and your property’s value increases, you build equity in your home. Remortgaging can allow you to release some of this equity as cash, which can be used for home improvements, purchasing another property, or other significant expenses.

Debt consolidation: If you have other high-interest debts, you might consider remortgaging to consolidate these debts into your mortgage. While this can lower your monthly outgoings, it can also mean paying off those debts over a longer period and possibly paying more in interest over the long term.

Help to Buy: If you purchased your home with a Help to Buy Equity Loan, you might consider remortgaging to repay that loan, especially if the interest-free period is coming to an end.

Shared ownership: If you own a home through a shared ownership scheme, you might consider remortgaging to buy a larger share of the property.

Bad Credit: If your credit score has improved since you took out your original mortgage, you might be eligible for better interest rates now. Conversely, if your credit score has dropped, you might want to remortgage before your current deal ends to avoid potentially higher SVR rates.

Investment purposes: You might consider remortgaging to release equity for investment opportunities, such as buying a rental property or investing in a business.

Things to consider before remortgaging:

  • First, always consider your financial situation and long-term goals.
  • Consider any penalties or fees associated with remortgaging. Early repayment charges can be costly if you switch before your current deal ends.
  • Keep an eye on interest rate trends. If rates are predicted to rise significantly, locking in a lower rate sooner might be beneficial.
  • It’s advisable to start looking at potential remortgage deals a few months before your current deal ends to ensure a smooth transition.
  • Lastly, before making any decisions, it’s wise to consult with a mortgage advisor or financial planner who can provide tailored advice based on your individual circumstances.
  • When your deal is coming to an end.

How do loan-to-value (LTV) ratios impact remortgage quotes in the UK?

The loan-to-value (LTV) ratio is a crucial factor in determining remortgage quotes in the UK. It represents the size of your mortgage as a percentage of your property’s value. So, if you have a £200,000 mortgage on a £250,000 property, your LTV is 80%.

A lower LTV often indicates a lower risk for the lender, as there’s a greater proportion of equity in the property. As a result, borrowers with lower LTV ratios tend to get more favourable remortgage rates because the lender perceives them as less risky. This is why homeowners who’ve built up more equity in their homes, either through repaying their mortgage or due to rising property values, can often access better deals.

On the other hand, a higher LTV means you’re borrowing a larger proportion relative to the property’s value, which is typically seen as higher risk for lenders. As a consequence, higher LTV mortgages may come with higher interest rates.

In essence, the LTV ratio plays a significant role in determining the interest rate and terms you’re offered when remortgaging. The more equity you have in your property, the more likely you are to secure a competitive remortgage quote in the UK.

Reducing the cost of a remortgage

Reducing the cost of a remortgage involves several strategies. Firstly, one should aim to improve their credit score, as a better score can secure more favourable interest rates. Regularly checking your credit report for errors and addressing them can be a step in the right direction.

Building more equity in your property also helps. The lower your loan-to-value (LTV) ratio, the better rates you’re likely to be offered. If possible, consider overpaying on your current mortgage to reduce the outstanding balance before remortgaging.

Shopping around is essential. Using online comparison tools and consulting with mortgage brokers can give you a broad view of available deals. Remember, the headline interest rate isn’t the only factor; consider product fees, valuation fees, and other associated charges. Sometimes, a mortgage with a slightly higher rate but lower fees can be more cost-effective over the term.

Negotiating with your current lender is another tactic. They might offer a competitive deal to retain you as a customer. This can also save on some administrative costs associated with switching to a new lender.

Lastly, be mindful of the mortgage term. While extending the term can reduce monthly payments, it might increase the total amount of interest paid over the life of the loan. Opting for a shorter term, if affordable, can reduce the overall cost.

How often should I compare remortgage quotes to ensure I’m on the best deal?

It’s advisable to compare remortgage quotes at least a few months before your current deal expires, typically towards the end of an initial fixed, tracker, or discount rate period. This is because once your initial deal ends, lenders often move you to their standard variable rate (SVR), which can be higher. By comparing quotes in advance, you give yourself ample time to switch and avoid the SVR.

Additionally, periodically checking the market, perhaps annually, can keep you informed about potential savings, especially if market conditions have changed or if your property value has increased significantly. However, always be mindful of any early repayment charges on your current mortgage before making a switch.

What’s the difference between a product transfer and a remortgage?

A product transfer and a remortgage are both methods for homeowners to change their mortgage deal, but they differ in their processes and implications:

Product Transfer:

This refers to switching to a different mortgage product with your current lender.
It’s a simpler process compared to a remortgage because you’re staying with the same lender. There’s typically less paperwork, and in many cases, you might not need a new property valuation or conveyancing.

It can be beneficial if you want a hassle-free way to change your mortgage deal, especially if your circumstances have changed, making remortgaging with a new lender challenging.
However, the downside is that you’re limited to products offered by your current lender, potentially missing out on better deals available in the broader market.


Remortgaging involves switching your mortgage to a different lender altogether.
The process is more comprehensive than a product transfer. You’ll go through a full mortgage application with the new lender, which includes credit checks, property valuation, and possibly legal work.

It provides the opportunity to shop around for the best deals available in the market, which can result in significant savings or more suitable mortgage terms.
However, there might be costs involved, like early repayment charges from your current lender or arrangement fees with the new one.

In summary, a product transfer is an internal switch of mortgage products with the same lender, while a remortgage is a move to a new lender. The best option depends on individual circumstances, current market conditions, and the deals available from both the existing lender and potential new ones.

How does changing from an interest-only to a repayment mortgage affect remortgage quotes?

Changing from an interest-only to a repayment mortgage has implications on remortgage quotes. When you switch to a repayment mortgage, you start paying back both the interest and the capital loan amount each month. In contrast, with an interest-only mortgage, you only pay the interest, with the capital balance remaining the same throughout the term.

Switching to a repayment mortgage often means higher monthly payments compared to an interest-only arrangement because you’re gradually reducing the outstanding capital. Lenders generally view repayment mortgages as less risky since the borrower is continuously decreasing the loan amount. As a result, they might offer more competitive interest rates for repayment mortgages compared to interest-only deals.

However, the overall affordability assessment may be stricter for repayment mortgages. Lenders will evaluate if you can manage the higher monthly payments over the term of the loan. If there’s concern about affordability, it could influence the terms or rates you’re offered or even the decision to lend.

What are the benefits of using a remortgage broker in the UK?

Using a remortgage broker in the UK offers several benefits:

Expertise: Brokers have in-depth knowledge of the mortgage market, allowing them to advise on the best deals based on your specific circumstances.

Access to Exclusive Deals: Some mortgage offers are only available through brokers and are not directly accessible to the public.

Time-saving: A broker can handle the legwork, from searching for deals to liaising with lenders, making the remortgage process more streamlined.

Tailored Recommendations: They assess your financial situation and requirements, ensuring you get a product that fits your needs.

Assistance with Paperwork: Brokers can guide you through the application process, helping to ensure all documentation is correct, which can increase the chances of approval.

Potential Cost Savings: By guiding you to competitive deals or those with beneficial terms, a broker might save you money in the long run.

Guidance Through Complex Situations: If you have unique or challenging circumstances, like a poor credit history, a broker might be more adept at finding lenders willing to accommodate your situation.

Regulatory Protections: In the UK, mortgage brokers are regulated by the Financial Conduct Authority (FCA), offering consumers certain protections and ensuring brokers maintain professional standards.

However, while there are many benefits, it’s also essential to be aware of any fees charged by the broker and to understand the scope of their service, whether they cover the whole market or a select panel of lenders.


How do payment holidays or mortgage breaks affect my remortgage quote?

Payment holidays or mortgage breaks can have an impact on your remortgage quote. If you’ve taken a payment holiday due to financial difficulties, some lenders might see this as an increased risk. It can affect your credit score, potentially leading to less favourable terms or higher interest rates. However, special provisions might be made for payment holidays taken due to reasons such as the COVID-19 pandemic, where many lenders agreed not to let these affect credit scores.

Is there an age limit for remortgaging?

There isn’t a universal age limit for remortgaging, but individual lenders have their own age criteria. Some might not offer mortgages that extend beyond retirement age, while others may have higher age limits or even specialise in mortgages for older borrowers. It’s essential to check with specific lenders or use a mortgage broker who can guide you to age-friendly mortgage providers.

How does the length of the mortgage term influence remortgage quotes?

The length of the mortgage term can significantly influence your remortgage quote. A shorter term often means higher monthly payments but less interest paid over the life of the loan. Conversely, a longer term usually means lower monthly payments but more interest paid in total. Lenders also assess affordability differently based on term length, and risk perceptions can vary depending on how long the mortgage extends into the future.

When is the best time to get a remortgage quote?

The best time to get a remortgage quote is typically a few months before your current deal expires. This gives you ample time to explore the market, secure a new deal, and ensure a seamless transition, preventing you from defaulting to your lender’s potentially higher standard variable rate. Additionally, regularly checking the market and being aware of any potential early repayment charges can help you make an informed decision on when to remortgage.

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