Your mortgage is probably one of your biggest monthly expenses, so even a small change in your rate or deal can make a big difference. Whether you are coming to the end of your fixed term or just want to see if you can get a better deal, remortgaging can be a smart move.

SMH Finance help homeowners review their mortgage options and make sure their deal still suits their needs.

What is remortgaging?

Re-mortgaging means switching from your current mortgage to a new one. You can stay with your existing lender or move to a new provider, depending on which option gives you the best rate or flexibility.

It does not always mean moving home. In fact, many people re-mortgage to save money, unlock equity, or adjust their loan term.

Why do people re-mortgage?

* Your fixed rate is ending: When your deal ends, you are likely to move onto your lender’s standard variable rate, which is often higher.

* You want a better rate: If rates have fallen or your property value has risen, you might be able to access a lower rate and reduce your monthly payments.

 * You want to borrow more: Remortgaging can release funds for home improvements, debt consolidation, or other major expenses.

 * You want to change your term: You can shorten your mortgage term to pay it off sooner, or extend it to reduce monthly costs.

What to think about before you remortgage

* Check your current deal: Some mortgages have early repayment charges if you switch before the term ends.

 * Review your goals: Think about why you are remortgaging and what you want to achieve - lower payments, flexibility, or funds for a project.

 * Factor in fees: Some lenders charge valuation, product, or legal fees. We can help you compare deals so you know the full picture.

 When to start looking

It is best to start reviewing your options around three to six months before your current deal ends. This gives plenty of time to secure a new rate and avoid automatically switching to a higher variable rate.

How SMH Finance can help

We make remortgaging straightforward. Our team will compare deals across the market, explain your options clearly, and handle the process from start to finish. With the right advice, you can save money, gain flexibility, and make your mortgage work better for you.

If your mortgage deal is ending soon, talk to Dan or Luke at SMH Finance via Richard Kendall Estate Agent today to see how much you could save.

As a mortgage is secured against your home, it may be repossessed if you do not keep up the mortgage repayments. This site is intended for UK residents only and the laws of England are applicable.