Is your current mortgage as competitive as the best new deals on the market today?

 

You can save hundreds – perhaps thousands – of pounds by shopping around, so it’s a good idea to review your mortgage at least once a year to check whether you should switch to a better deal.

 

How often should you review your mortgage?

 

Ideally, you should keep a regular eye out for better mortgage deals.

 

New ones are coming on to the market all the time and if you’re not locked into a fixed or discount rate deal with an early repayment charge, it could be worth your while changing lenders (remortgaging) at any time.

 

At the very least, you should review your mortgage:

• When interest rates change – because this will affect how competitive your current deal is

• When your current mortgage deal comes to an end – as your rate might increase, and

• Once a year if you’re not tied in to deal with early repayment penalties – to see how your current deal compares to new deals that have come onto the market

 

If you do nothing when rates change or your mortgage deal ends, you could lose out to many better deals that are available in the market.

 

Take advice from one our mortgage experts who will review your mortgage requirements.

 

Ask about our mortgage reminder service

 

We will set up a reminder to review your mortgage at least once a year – or before your current fixed deal ends. ​

 

We will buzz the market at least three months before your current fixed or discount deal reverts to the lender’s standard variable rate.

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You could save yourself hundreds of pounds!