Remortgaging is a change to your existing mortgage. Commonly this is when your existing mortgage deal is coming to an end.

It is vital to seek professional advice and to give yourself plenty of time. Ideally we need to start looking at this at least three months prior to your existing mortgage product coming to an end to ensure you stay on a competitive rate and avoid paying more than you need to.

When remortgaging you may also which to make other changes to your existing mortgage for example the term of the mortgage or borrow more for home improvements or debt consolidation.

You may have to pay an early repayment charge to your existing lender if you remortgage.

Think carefully before securing other debts against your home.