Your current mortgage deal is about to end

When you take out a mortgage you will usually be given a deal such as a set rate over a number of years. When your current mortgage deal ends you'll be put on the provider's SVR (Standard Variable Rate) which is usually higher. Remortgaging can help you stay on a better interest rate.

You're on a high-interest rate

If you're currently on a variable rate mortgage a rise in the Bank of England base rate can increase your monthly payments. If you remortgage you could find a more competitive fixed rate deal instead.

Equity Release

Remortgaging may allow you to release equity in your home you could take out a cash lump sum to pay for home improvements or pay other debts.

Increased property value

If your property value has increased your lower LTV (loan-to-value) might help you qualify for better interest rates.