Review your current deal, compare mortgage costs and plan ahead before your rate changes.
Plan my remortgageMake a personal reminder to review your deal. Nothing is sent anywhere.
A useful review considers the whole cost and your circumstances, not just the headline rate.
Your current lender may offer a new deal, often called a product transfer. Understand the options, fees and any changes to the terms.
It can be simpler in some situations, but that does not make it the right answer for everyone.
A remortgage with another lender generally involves a new application and checks. Compare the rate alongside legal, valuation and product fees.
Check whether leaving your current mortgage triggers an early repayment charge.
A different term or borrowing amount can change the monthly cost and the total interest. Think about why you want the change and its longer-term effect.
Be particularly careful about moving unsecured debt onto a mortgage secured on your home.
Extending a term can make monthly payments smaller while increasing the overall interest paid. Put the monthly figure and the long view side by side.
Calculate mortgage repaymentsHave your current balance, rate, deal end date and any exit charges to hand. Add an up-to-date picture of your income and spending.
Create my remortgage checklistUnless you arrange something else, your mortgage will usually move to a follow-on rate set out in your deal. This may be the lender’s standard variable rate. Check your mortgage documents for the actual terms.
A new lender will assess your current circumstances. A change in income, employment, property value or credit history can affect the options. Explain changes early so the review starts with the real picture.
Allow time before your deal ends to understand the options and any charges. Product availability, offer periods and application times vary. The reminder tool is a planning aid, not a recommendation to apply on a particular date.
Create a checklist for your mortgage conversation.
No personal details are needed.