Ideally you need to start your review about 2 – 3 months before the end of a fixed rate or other special deal. At the end of most fixed rate deals you will automatically be moved over the lender’s standard variable rate, which is often significantly more than you will have been paying. If you start to investigate your options a few months before that provides ample time to complete the necessary paperwork, arrange valuations and other conveyancing requirements if you find a better deal.
If you realise you are paying your lender’s standard variable rate – we can almost guarantee there will be a better rate available to you
If the bank rate rises you should consider the mortgage deal you are signed up to and ask for help if you feel you could be getting a better deal by moving to another option.
If you have significant capital in your property, built up perhaps over many years, and need money to buy a holiday home, finance your child’s university years or, as many have done, kick start a buy to let portfolio you may consider remortgaging to release the funds you need. It is important to take advice if you are in any doubt about the options available to you and the costs and risks involved. Daly Harvey Morfitt are independent financial advisers able to offer specialist mortgage advice. With access to literally thousands of products across the market and some exclusive lender deals we can find a mortgage to fit just about every circumstance. Contact Daly Harvey Morfitt now to discuss your financial requirements. Call on 01789 299655. Notes on using this fact sheet: This fact sheet is published solely to provide information and it does not constitute advice or a personal recommendation. Always take detailed financial advice from a suitably qualified individual before making important financial decisions.
