June 28th, 2023
Remortgaging: The essential steps you should take when your mortgage ends
If your mortgage deal is coming to an end or it’s already expired, you should consider remortgaging. This guide reveals the essential things you need to know.
The government previously estimated 57% of fixed-rate mortgages ending in 2023 had an interest rate below 2%. When these mortgage deals end, it’s very likely that households will now need to pay a much higher interest rate.
While remortgaging could still mean outgoings rise, it could help secure a more competitive interest rate and save you money over the full mortgage term.
As remortgaging is something that you’ll probably do several times, it’s important to understand how it works and the steps you can take to make the process smoother.
The guide explains:
- Why homeowners remortgage
- How remortgaging could save you money
- Practical steps you can take when you’re ready to remortgage
- How a mortgage broker can be valuable during the remortgaging process.
Download your copy of ‘Remortgaging: The essential steps you should take when your mortgage ends’ now to understand why remortgaging is important and to potentially save money.
If you have any questions about mortgages and the remortgaging process, please contact us.
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The information on this website does not constitute advice or a recommendation for any product and you should not make any decisions on the basis of it.
Prosser Knowles Associates Ltd is Authorised & Regulated by The Financial Conduct Authority and is entered on the Financial Services Register under firm reference number 446589 http://www.fca.org.uk/register. Prosser Knowles Associates Ltd Registered Address: Beaumont House, 172 Southgate Street, Gloucester, GL1 2EZ. Registered in England & Wales, No. 04520041.
The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK. The value of your investment can go down as well as up and you may not get back the full amount invested. The Financial Conduct Authority does not regulate Taxation and Trusts. Your home may be repossessed if you do not keep up repayments on your mortgage.
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