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Top tips when remortgaging


5 top tips for remortgaging

1. Be prepared

Set a reminder for when your current deal ends – start looking for a new mortgage three to six months before your deal period ends.

2. Shop around

Don’t feel that you have to stick with your current lender – although they should probably be your first port of call when looking for a better deal, other lenders could offer something better. Shop around and speak to a mortgage adviser to see what other mortgages are available.

3. Look at the overall cost

Compare what your new repayments would be with your existing monthly costs when calculating whether you’d be better off. Make sure you include the cost any arrangement fees on the new mortgage deal as well as exit penalties from your current mortgage.

4. Examine the other features

Look at what features the new mortgage deal comes with – can you make overpayments, take payments holidays etc – to make sure it meets all your needs. You could also use remortgaging as an opportunity to review your insurance needs too.

5. Take advice you can trust

An independent, expert mortgage adviser who is not tied to one particular lender and is not paid commission will be able to provide you with impartial advice on the best remortgage for you. Which?’s independent mortgage brokers can offer you completely impartial advice based on your individual circumstances, and because our advisers aren’t paid commission you can be sure that they’re only recommending the deal that is best for you


Check affordability

How much can I borrow? Stamp duty calculator Mortgage repayment calculator

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