Yes, you can start the remortgage process early, but it’s important to check whether your current mortgage has any early repayment charges (ERCs). Some homeowners choose to remortgage before their fixed rate ends to lock in a better mortgage deal or reduce monthly repayments, although this will differ person to person depending on the rate you currently have and the rates on offer today. A mortgage adviser can help you work out whether the savings outweigh any fees. If new market rates are more expensive than your current, we will always aim to have your new mortgage start the day after your current deal ends, to ensure you take advantage of the lower rate for as long as possible.
