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 and can increase your monthly payments.
Starting the remortgage process early is a smart move. Most lenders issue mortgage offers that remain valid for up to 6 months, allowing you to:
- Secure a rate now, protecting you from potential increases.
- Switch to a cheaper product before completion if rates fall.
This gives you flexibility and peace of mind.
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 in reality, it can often be arranged with no upfront cost. Even if you choose to stay with your current lender and complete a simple product transfer, a broker can handle the process for you — saving you time, stress, and unnecessary hassle.
