Everything you need to know about remortgaging - and how to get the best deal
by Derin Clark
In just the same way you can often get a better broadband, insurance, and gas and electricity deal by switching when a fixed term contract ends, homeowners could be financially better off remortgaging when their fixed rate mortgage deal ends.
At the end of a fixed rate deal, a lender will normally automatically move the borrower onto their standard variable rate (SVR), but this rate can often be higher than what you could get on a fixed rate deal. You do not have to stay on the SVR and instead can lock into another fixed rate deal by remortgaging either with the same lender or a new one.
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