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 rate you may move onto and any early repayment charge. Those details help frame the conversation about staying with your lender or exploring alternatives.
Look beyond the headline rate
Fees, the term, affordability and the overall cost matter. A lower monthly payment may involve a longer repayment period and more interest over time. The right comparison uses your actual circumstances.
Give yourself room to consider options
Gather income documents and information about regular commitments before a review. Approval and the available terms depend on lender criteria and your circumstances. Your home may be repossessed if you do not keep up repayments on your mortgage.
Source: MoneyHelper: A guide to remortgaging