SMART RATE REVIEW

Don’t leave your next mortgage deal until the last minute.

Register before your current fixed or discounted deal ends so there is time to compare staying with your lender against options across the market.

A calmer way to remortgage

Starting early creates room to make a considered decision.

Review the end date

Check when the current product ends and whether an early repayment charge applies before then.

Understand the balance and property value

These figures help estimate loan-to-value, which can influence available products.

Compare product transfer and remortgage

Staying with the existing lender may be convenient; moving may offer a different rate, term, flexibility or borrowing option.

Include the total cost

Look beyond rate and payment to product fees, valuation, legal costs, incentives and early repayment charges.

Prepare documents

Income evidence, bank statements, identification and details of commitments help an adviser assess the case efficiently.

Questions, answered

When should I start?

Many homeowners benefit from reviewing several months before the existing deal ends, but exact timing depends on lender offer validity and any early repayment charge.

Is the lowest rate always best?

No. Fees, incentives, flexibility, term and eligibility can change the overall cost.

Can I borrow more?

Potential additional borrowing depends on affordability, purpose, loan-to-value, credit history and lender criteria.