Getting the best remortgage deal for your circumstances could end up saving you thousands of pounds. So, it’s understandable that you’ll want to make sure the deal you get will work well for you in the long term.
Finding the right deal isn't just about a low interest rate – it's about finding a mortgage that truly fits your life, goals, and budget. It's a fantastic opportunity to take control of your finances and build a brighter future.
When to remortgage
The best time to start thinking about remortgaging is around 6 months before your current deal ends. This gives you plenty of time to compare options and secure a new deal. Acting early is a brilliant way to avoid automatically moving onto your current lender's more expensive Standard Variable Rate (SVR), which could potentially add a lot to your monthly payments.
Tips to help you find the best remortgage deal for you
- Let us do the research for you:
- Finding the best deal means having a thorough knowledge of the market. While you could research mainstream lenders and your current lender’s options, we can do all the heavy lifting for you. We'll look at all the crucial details – including interest rates, introductory periods, fees, and early repayment charges – and explore a wide range of products, including those from specialist lenders. This is especially helpful if your circumstances are unique, such as being self-employed. Our expertise could save you a lot of time and stress.
- Strengthen your credit score:
- Before you apply for any deals, it’s a brilliant idea to check your credit score. This gives you a clear picture of your financial health and could help you identify and fix any issues before you make an application. A healthy credit score can open the door to more competitive rates.
- Understand your home's equity:
- Lenders see you as a lower risk when you have more equity in your home. This could increase your chances of securing a better interest rate and lead to bigger savings over the long term. While you might not be able to build a significant amount of equity in the short term, knowing your current loan-to-value (LTV) ratio is a powerful piece of information that can help us find the best deal for you.
- Seek expert help:
- Navigating the entire market can feel overwhelming, but you don't have to do it alone. As an expert whole-of-market broker, we can help you find a product that perfectly matches your goals. We have access to exclusive deals from a wide range of lenders and can provide personalised guidance, saving you both time and stress, no matter whether you're self-employed, have credit issues or are looking to remortgage a buy-to-let.