How Remortgaging in 2025 Can Help You Save Money on Monthly Payments
If you’re feeling the pinch of high monthly mortgage payments, remortgaging in 2025 could be the solution. Here’s how it can help you cut costs.
Ways Remortgaging Can Lower Your Monthly Payments
✅ Switching to a Lower Interest Rate
Many homeowners who took out mortgages at higher rates may now have access to better deals. Lower rates = lower monthly payments.
✅ Extending Your Mortgage Term
If you’re struggling with repayments, extending your mortgage from 25 to 30 years can reduce your monthly outgoings. However, you’ll pay more interest overall.
✅ Consolidating High-Interest Debt
If you have outstanding debts (credit cards, loans), remortgaging to consolidate them into your mortgage can reduce your total monthly outgoings.
✅ Switching from Interest-Only to Repayment Mortgage
If you’re currently on an interest-only mortgage, remortgaging to a repayment deal could help you build equity while keeping payments manageable.
How to Find the Best Remortgage Deals in 2025
- Start early – Compare deals 3-6 months before your current deal ends.
- Compare lender rates – Don’t settle for your current lender’s renewal offer.
- Use a mortgage broker – They can find the best deals tailored to your financial situation.
💡 Tip: Even a 1% reduction in interest rate can save you thousands over your mortgage term!