Remortgage at the end of a good deal

Remortgage at the end of a good deal

When you reach the end of a fixed-rate, discounted or capped deal, you'll probably start paying the lender's standard variable rate (SVR), which is often 1-2% higher.

It makes sense to check out your options before this happens. You need to find out how much more that SVR deal would cost you, and how much you could save by switching to a new fixed-rate, discounted or capped deal.

But before you make any decisions, you should talk to a mortgage adviser about the costs involved – any early repayment charges you'd incur by leaving the old mortgage, as well as the cost of taking out a new mortgage.

If the savings outweigh the cost, it's probably worth remortgaging.

To talk to one of our specialist mortgage advisers, call us today on freephone 0800 195 2913

The overall cost for comparison is 5.7% APR (typical).