Most mortgage products run for a fixed period — typically 2, 3 or 5 years. As your product end date approaches, it’s important to review your options. If you don’t arrange a new deal in time, your lender will move you onto their Standard Variable Rate (SVR), which is usually higher.
Starting the remortgage process early is a smart move. Most lenders issue mortgage offers valid for up to 6 months, allowing you to secure a rate now and switch to a cheaper product if rates fall.
A mortgage broker can guide you through the full range of lenders, products, fees, and criteria. Many people assume remortgaging is complicated or expensive, but it can often be arranged with no upfront cost.