A remortgage occurs when your fixed-term mortgage product ends or when you’re on a standard variable rate, and you opt for a new mortgage deal with either your existing lender or a new one.

You should consider remortgaging if:

• You’re on a standard variable tariff
• Your current agreement is coming to an end
• You want to release equity from your property
• You’re on a high-interest rate
• You want to offset your savings
• Your property value has increased
• You want more flexible terms

Remortgaging at the wrong time may come with an early repayment charge. However, sometimes the cost may be subsidised by the reduced costs of the remortgage.

We have qualified mortgage advisors available to help and guide you through your remortgage and ensure you’re taking the best option for you and your situation.

To avoid early repayment charges and ensure a smooth transition, it’s best to start searching for a remortgage 6 months before your current deal ends. Our expert advisers can help you navigate the market and find the best rates available, without any hassle or stress. With access to a whole-of-market panel, we’ll compare products to ensure you get the best deal for your needs.

Certainly! Even if you have bad credit, there are still many affordable and competitive remortgage products available. Although you may not be eligible for the cheapest deals, our experienced advisers can assess your individual circumstances and help you find a suitable lender.