5 REMORTGAGING OPTIONS

Most people take out a mortgage with an introductory offer. When this comes to an end, the homeowner will usually be moved onto the lender’s standard variable rate, which will typically be higher than the rate they’ve previously been on. You don’t have to settle for this, or stick with the same lender for your whole mortgage term. Provided you aren’t locked into a deal which will charge you hefty early repayment penalties if you change, you should be free to switch to help save you money.