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Once you've gone through the process of finding your mortgage - you probably won't be in a great hurry to do it all again!
However, a year or two on, it can be an expensive mistake not to look around the mortgage market to see what's on offer. We can often get people mortgage offers that other brokers cannot.

  • If you're already on a special deal, the early repayment charges you'd have to pay to break the deal, and the other costs involved, may mean there's no point.
  • But if you're paying your lender's standard variable rate and there are no early repayment charges involved you should certainly look at what else is on offer.
  • Timing is everything so tell us the end date of your mortgage and let us worry about when is the best time to secure a new deal.

Find your most recent mortgage statement - your lender sends you one at least once a year -

  • Even if there are no early repayment charges, your current lender might make an administration charge (sometimes known as an exit administration fee).
  • If you're switching to a new lender, they will insist on the same legal work your old lender did, to make sure the property offers proper security for them.
  • Lenders may also want an up-to-date valuation on your property.

One major point of advice is don't assume that your current lender will keep you up to date with their best deals. As your broker, we will always make sure you get the best deal available to suit your circumstances.
Call our expert re mortgage team on 01702 480483.

Your home may be repossessed if you do not keep up repayments on your mortgage.

You can choose how we are paid for mortgage advice. Pay a fee, usually £499, or we can accept commission from the lender; or we can accept a combination of fee and commission.