Start looking around three to six months before your rate ends as delays due to covid has meant it now takes longer to remortgage. You want a better rate. If you are tied into an initial deal then you might have to pay an early repayment charge which can be huge, often 2-5% of your outstanding loan.

What do they check when you remortgage?

If you remortgage with your current lender, they may not check your credit history. ... It includes things such as missed debt repayments, and how much credit card and loan debt you have. Your credit report helps a lender decide whether to give you a mortgage.

How often should you remortgage?

Is it worth remortgaging every two years? If you have a two-year fixed-rate mortgage, then it's absolutely necessary to remortgage once the deal ends. Otherwise, you'll find yourself on the lender's standard variable rate (SVR), which has a significantly higher interest rate than the initial deal.