In brief
Check the end date of your deal, remaining balance, early repayment charges and the rate you may move onto. Compare your current lender’s options with alternatives using fees, affordability and the total cost, not the headline rate alone.
Check the dates and terms
Look at when your current deal ends, the remaining balance, the lender’s standard variable rate (SVR) you may revert to, and any early repayment charges. Those details frame whether staying with your current lender or switching is best.
Look beyond the headline interest rate
Arrangement fees, valuation costs, total repayment terms, and affordability criteria all affect the true cost. A lower monthly payment over a longer term can cost significantly more in total interest.
Coordinate property debt with your wider estate
Your mortgage commitments should never be viewed in isolation from your family life cover and estate planning. A review ensures your home and loved ones remain completely secure under any circumstance.
Source: MoneyHelper: A guide to remortgaging