Is Now the Right Time to Remortgage? How to Get the Best Deal in 2025
Remortgaging is one of the best ways to save money on your mortgage, but timing is everything. With interest rates fluctuating and lender policies changing, is 2025 the right time to remortgage? Let’s break it down.
Why Consider Remortgaging in 2025?
Remortgaging means switching your mortgage to a new lender (or renegotiating with your current one) to get a better interest rate, release equity, or change loan terms.
Here’s why 2025 might be the right time:
✅ Fixed-rate deals are ending – Many homeowners who locked in low rates in previous years will soon face higher standard variable rates (SVR).
✅ Interest rates remain unpredictable – Mortgage rates may fluctuate in response to economic changes.
✅ House prices remain high – Homeowners with strong equity positions may get better remortgage deals.
✅ You need to consolidate debt – Using equity from your home to pay off higher-interest debts may be a smart financial move.
How to Get the Best Remortgage Deal in 2025
- Check your current mortgage deal – Is your fixed-rate period ending soon?
- Compare lenders – Don’t just stick with your current lender; shop around for better rates.
- Improve your credit score – A higher score can get you better remortgage rates.
- Use a mortgage broker – They have access to exclusive lender deals that you won’t find directly.
💡 Tip: Start the remortgaging process 3-6 months before your current deal ends to avoid moving onto a lender’s higher SVR.