It’s important to regularly review your mortgage, as it can often make sense to transfer to a new deal – or even a different lender. For lots of people remortgaging is an attractive option, especially if they like the house they’re in but want better value for money out of their borrowing. You are not obliged to stick with your original lender for the full mortgage term, and you can move to another lender at any time to get a lower interest rate – you don’t have to be buying a new home.

Remortgaging could save you hundreds or even thousands of pounds over the term of the mortgage. It is important to note that early repayment charges may be applied by the existing lender. Your decision to transfer will of course depend on your individual circumstances and the current rate you are paying. If your lender plans to increase its SVR, moving onto a new mortgage deal could save you money.

We will be pleased to help and advise you further on how to switch and save.