As we approach the end of 2024, many homeowners are facing the need to remortgage. If your mortgage deal is coming to an end soon, it’s essential to start planning now. Acting early can provide you with a wider range of options and prevent the stress of last-minute decisions.

Why Timing Matters

Starting your remortgage search early is crucial. Mortgage rates and products can change frequently, so the sooner you begin exploring your options, the better your chances of securing a favourable deal. Waiting until the last minute could limit your choices and lead to a rushed process, increasing the likelihood of missed opportunities and increased cost on payments.

Consider Overpaying Your Mortgage

If you’re still on a low fixed-rate mortgage for the next few months and have some financial buffer can provide a smoother transition to higher payments once you remortgage.

Take Action Now: While there’s speculation that the bank rate may drop further, it’s uncertain when or if it will happen again soon. By acting now, you can take control of your financial situation and avoid the risk of being caught off guard by future rate changes. Planning your remortgage ahead of time allows you to explore the best options, potentially save money, and ensure a smoother process.

To discuss the options available to you and how remortgaging could impact your financial plans, get in contact today.