My current mortgage deal is ending soon. When should I remortgage?
It's generally a good idea to start looking for a remortgage around three months before your current mortgage deal ends. This should give you enough time to research the different options available and complete the application process to ensure your remortgage deal begins alongside your previous deal ending.
Can I remortgage early?
You can remortgage at any time, but it only really makes sense to do so when it works to your advantage.
While most remortgage when they get to the end of a mortgage deal, it could be advantageous to remortgage earlier if you could achieve a lower interest rate, or if you've built up a certain amount of equity in your home.
The decision on when to remortgage comes down to a consideration of costs and benefits. If you want to remortgage before a fixed rate deal comes to an end for example, you'll probably have to pay early repayment charges or fees. These costs would often outweigh the potential benefits of remortgaging.