When Is the Best Time to Remortgage Your Home
At ABC Mortgages, one of the questions we hear most often is: “When’s the best time to remortgage my home?”
The truth is, timing your remortgage correctly can make a huge difference to your finances. Whether your fixed rate is ending, you’re looking to release equity, or you simply want to cut monthly payments, knowing when to act can help you save money and stay in control of your mortgage.
What Does Remortgaging Actually Mean?
Remortgaging means switching your existing mortgage deal to a new one — either with your current lender or a different provider. Most homeowners choose to remortgage to:
Secure a better interest rate
Reduce monthly repayments
Release equity for home improvements or investments
Change the term or type of their mortgage
It’s a common step that can help you manage your finances more effectively. If you’re unsure where to start, our team at ABC Mortgages in Sittingbourne can guide you through the process and compare options across the market.
When Should You Start Thinking About Remortgaging?
Timing matters. If you wait too long, your current deal could end, and you may automatically move onto your lender’s Standard Variable Rate (SVR) — usually higher than fixed or tracker rates.
Most lenders allow you to secure a new mortgage offer up to six months before your existing deal finishes. Acting early gives you time to compare deals, avoid higher rates, and make a smooth switch.
Top Tip: Start reviewing your mortgage about six months before your current rate ends to avoid paying more than you need to.
Signs It Might Be the Right Time to Remortgage
There’s no single perfect date, but there are clear signs that it could be time to act:
Your fixed-rate deal is ending soon.
You’re currently on your lender’s SVR.
Interest rates in the market have dropped.
Your property value has risen, improving your loan-to-value ratio.
You’d like to release equity for home improvements or investments.
Your income or circumstances have changed.
At ABC Mortgages, we’ll review your mortgage, compare the market, and help you decide whether remortgaging now could benefit you.
Can You Remortgage Early?
Yes — you can remortgage before your deal ends, but there may be early repayment charges or exit fees. Sometimes, locking in a new rate early makes financial sense, especially if interest rates are rising or you need to borrow more.
Our advisers can calculate whether switching early would save you money in the long run.
How Market Conditions Affect the Best Time to Remortgage
Mortgage rates are closely linked to the Bank of England base rate and wider economic conditions.
When rates are expected to rise, remortgaging early can help you secure a lower rate and protect yourself from future increases.
Recently, many homeowners across Kent and Sittingbourne have reviewed their mortgages ahead of time to lock in competitive deals and avoid higher repayments.
Top Tip: Keep an eye on rate announcements — a mortgage broker can help you spot the best opportunities to switch.
How to Know If You’re Eligible to Remortgage
Lenders will look at several factors before approving a new mortgage, including:
The equity you’ve built in your property
Your income, outgoings, and affordability
Your credit history and payment record
The loan-to-value (LTV) ratio of your home.
If you’re unsure how you measure up, ABC Mortgages can perform a free, no-obligation remortgage review to check your eligibility and help you prepare.
How a Mortgage Broker Can Help You Time It Right
Working with an independent, whole-of-market mortgage broker can make a huge difference to your remortgage timing and outcome.
At ABC Mortgages, we:
Compare hundreds of lenders and products nationwide.
Identify the best rates for your circumstances.
Advise when to switch to avoid unnecessary fees.
Handle all the paperwork and communication for you.
Top Tip: Using a broker can save you time, stress, and often money — especially when rates move quickly.
FAQs – Timing Your Remortgage
How soon before my deal ends can I remortgage?
You can usually apply up to six months before your current deal expires.
Can I remortgage while still on a fixed rate?
Yes, but check for early repayment charges — our team can calculate if it’s worthwhile.
What happens if I don’t remortgage when my deal ends?
You’ll move onto your lender’s SVR, which is typically more expensive.
Is now a good time to remortgage with rates rising?
It can be — locking in a rate early protects you from future increases.
Can I remortgage if I’ve recently changed jobs or income?
Possibly. Lenders assess affordability, so seek advice before applying.
Do I need a valuation before remortgaging?
Yes — most lenders require a valuation to confirm your property’s current value.
Talk to ABC Mortgages for Expert Remortgage Advice
At ABC Mortgages, we’re here to make remortgaging simple. Whether your current deal is ending or you just want to see what’s available, our friendly advisers in Sittingbourne will help you find the best time and the right deal for your needs.
Contact us today to book your free, no-obligation consultation — and let’s make your next remortgage as easy as ABC.
