When Should I Remortgage My Home in 2025?

When Should I Remortgage My Home in 2025?

Remortgaging your home is a critical financial decision, and timing plays a huge role in maximizing your savings. One of the best-kept secrets in mortgage management is that you can start the remortgage process up to 6 months before your current deal ends. But why is this so important? Let’s break it down.

1. Lock In Today’s Rate Before Interest Rates Rise

Interest rates can be unpredictable. If rates are increasing, starting the remortgage process early allows you to lock in a competitive rate before your current deal ends. The new rate won’t take effect until your existing mortgage deal expires, so you won’t pay more than necessary during the overlap.

By securing your next deal in advance, you can protect yourself from future rate hikes while ensuring your finances remain stable.

2. Maintain Flexibility if Rates Drop

One of the best advantages of starting early is that you’re not locked into a single decision. If you secure a rate today and interest rates drop before your current deal ends, you still have time to review your options and switch to a better deal. This flexibility ensures you’re always getting the best possible terms for your mortgage.

3. Avoid the Standard Variable Rate (SVR)

When your fixed-rate or discounted mortgage deal ends, most lenders automatically move you to their Standard Variable Rate. SVRs are typically much higher than the competitive deals available in the market. By planning ahead and remortgaging early, you can avoid the risk of paying more than you need to on your monthly payments.

4. Reduce Stress and Make Informed Decisions

Leaving your remortgage until the last minute can be stressful, especially if you’re rushed to find a deal. Starting the process 6 months in advance gives you ample time to:

• Review your current financial situation.
• Compare a range of options to find the best deal.
• Gather any required documentation without feeling pressured.

The extra time allows you to make informed decisions that align with your long-term goals.

How PBS Mortgages Can Help

At PBS Mortgage & Financial Advisors, we’re here to make the remortgage process simple and stress-free. Whether interest rates are rising or falling, we’ll help you:

• Compare the best deals on the market.
• Lock in a rate that fits your needs.
• Stay flexible and review in case better options arise.

Our expert advisors are committed to helping you save money and secure your financial future.

Take Action Today

Don’t wait until your mortgage deal is about to expire—start the process now to ensure you’re prepared.

Call us today on 01524 888877
Email us at advice@pbsfinancial.co.uk
Visit our contact page to schedule your free consultation.

Acting early can make all the difference in securing the best deal for your remortgage. Let us guide you every step of the way!

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