Why remortgage?

There are lots of reasons why you might want to remortgage your home. Your fixed term may be about to end, or you could be experiencing a life change, like getting a higher paid job, moving in with a partner or starting a family. These can all be prompts to find a new mortgage deal.

A mortgage deal with a new provider can offer more flexibility, shorten your mortgage term or save money on your monthly repayments.

Before agreeing a new deal, you'll need to do your research to make sure it's the right one for you.

If you already have a Halifax mortgage, then you may be able to do a product transfer.

Reasons you might want to remortgage

Things to consider when remortgaging

Before remortgaging, you’ll need to think about the following:

When can you remortgage?

It’s recommended to start looking for a new mortgage deal around three to six months before your current fixed rate deal ends. This gives you enough time to complete the application process.

Once your initial mortgage deal ends, it could change to the lender’s standard variable rate (SVR). The SVR will usually be higher than what you’re used to paying.

By remortgaging, you may be able to take advantage of another introductory offer and pay less interest on your mortgage.

The content on this page is for reference and does not constitute financial advice. For impartial financial advice, we recommend government bodies like MoneyHelper.