When should I remortgage?

There are a few different reasons why you might want to remortgage. Moreover, we’re asked regularly when should I remortgage?

First, those reasons why you might want to do so include:

  • Your current mortgage deal is coming to an end.
  • You want a better rate.
  • The value of your house has increased.
  • You want to borrow more.
  • You want to overpay, and you can’t on your current deal.

Things you should consider when you think about remortgaging

Be mindful that you might choose to remortgage earlier than six months before your current mortgage deal ends. But if you do, there might be an early repayment charge to consider.