There's no set rule on how often you can remortgage, but most people look at their options every 2-5 years.

The sweet spot is typically when:

• Your current fixed-rate deal is ending

• Interest rates look attractive

• Your property value has increased

• Your financial circumstances have improved

  Pro tip: Don't wait until the last minute. Start exploring options 3-6 months before your current deal expires to avoid sliding onto a potentially expensive standard variable rate (SVR).

Technically, you can start exploring remortgage options at almost any time, but timing is everything. Most borrowers begin looking 3-6 months before their current mortgage deal expires.

Here's why:

• If you're on a fixed-rate mortgage, you'll typically face early repayment charges if you switch before your initial term ends

• These charges can be substantial – often between 1-5% of your outstanding mortgage balance which could mean thousands.

• Most fixed-rate deals have a tie-in period where switching comes with a financial penalty

  The sweet spot for remortgaging is:

• 3-6 months before your current fixed-rate deal ends

• When you can secure a new rate without incurring early repayment charges

• Giving enough time to complete the application process without rushing

  Pro tip: While you can technically start discussions earlier, we recommend a strategic approach.
  Let us help you time your remortgage perfectly to maximise savings and minimise costs.
  We'll track your current deal's expiration and proactively reach out with the best options before you hit those potentially expensive penalty periods.

Here's some great news for our clients: we can actually protect you from interest rate volatility.

When you start your remortgaging process with us, we can begin the groundwork up to 6 months before your current mortgage deal expires.
Once we submit a full application, we lock in your interest rate.
This means:

• If interest rates increase between now and your renewal date, you're protected.

• Your agreed rate remains the same, shielding you from potential market rises

• If rates happen to decrease, you still have the flexibility to switch to a lower rate.

  
  Think of it like a financial safety net. We're essentially giving you an insurance policy against rising rates, while keeping your options open if the market becomes more favourable. It's all about giving you peace of mind and the best possible deal. Our proactive approach means you're never caught off guard.
  We'll work to secure the most competitive rate possible and ensure you're in the strongest position when it's time to remortgage.

Not necessarily! While there are some costs involved, they can often be outweighed by the potential savings.

Typical costs might include:

• Early repayment charges on your current mortgages (this wont apply in most cases)

• Arrangement fees for the new mortgage

• Valuation, broker and legal fees

  Many lenders now offer deals with reduced or even free legal work and valuation, so don't let potential fees scare you off. A good mortgage broker (hint: that's us!) can help you navigate these costs and find the most cost-effective solution.

The savings can be substantial! For example, moving from a standard variable rate to a competitive fixed-rate could save you hundreds, even thousands of pounds annually. On average, UK homeowners who remortgage can save between £2,000 to £4,000 per year.

The exact amount depends on factors like:

• Your mortgage size

• Current interest rates

• Your credit score

• Property value

• Length of mortgage term

  Our advice? Don't just look at the headline rate – consider the total cost over the entire deal period which is where we come in.

Your credit score matters, but it's not the be-all and end-all.

While a better credit score can secure you more competitive rates, there are options for almost everyone:

• If your credit score has improved since your last mortgage, you're in a great position

• Some specialist lenders work with customers who have less-than-perfect credit

• Simple steps like ensuring you're on the electoral roll and fixing any credit report errors can help.

  Remember, every lender is different. What might be a deal-breaker for one could be perfectly acceptable to another. That's where we come in – we'll help you find the right match.