But before you decide to go for it, here are some tips for a great remortgage deal.
Beat the Banker!
Don’t assume your bank will give you the best mortgage deal. Do your homework and shop around for the best deal, it could save you thousands!
Watch out! There are fees about!
Don’t jump at the first decent interest rate that catches your eye - always take into account any additional fees.
While the rate might look attractive, once the fees have been piled on top, you might wish you’d gone somewhere else.
Whoa there! Take your time.
If you’re changing your mortgage before the end of your current deal you may have to pay an exit fee – so make sure you factor this in when doing your sums.
It may even be worth holding off before you jumping into another deal.