When your current mortgage deal is coming to an end, it could be worth exploring your remortgage options. Otherwise, you’ll typically move onto your lender’s Standard Variable Rate (SVR) which could make your monthly payments more expensive.

There are many other reasons why a homeowner may choose to remortgage. Maybe you want to release some equity on your home, or you’d like to reduce the number of years remaining on your deal.

Whatever the reason, it is possible to remortgage at any time. But it may be best to wait until your current deal ends to avoid paying any exit fees.