When is the best time to remortgage?
Start looking for a new deal 3-6 months before your current fixed rate ends. Most lenders lock rates for 3-6 months, so you can secure a rate early while your current deal is still active.
The best time to remortgage is typically 3-6 months before your current deal expires. This timing lets you secure a new rate while avoiding your lender's expensive Standard Variable Rate (SVR), which is usually 1-3% higher than fixed deals. Most lenders now offer 'rate locks' allowing you to apply early and hold the rate until completion. Starting early also gives you time to compare deals, gather documents, and ensure a smooth transition without any gap on the expensive SVR.
Key Points
- 1Begin searching 3-6 months before your fix ends
- 2Most lenders offer rate locks for 3-6 months
- 3SVR is typically 1-3% higher than fixed rates
- 4Consider total costs including fees when comparing
- 5A broker can help find the best deals across lenders
Next Steps
- 1Check when your current deal ends
- 2Start comparing rates 6 months before
- 3Speak to a mortgage adviser for options
- 4Gather payslips and bank statements
- 5Apply and lock in your new rate
Why This Matters for Your Mortgage
Understanding these details helps you make informed decisions during the mortgage process. Every element of your application—from deposits to documentation—affects your approval chances and the rates you can access.
Lenders assess applications holistically, weighing multiple factors together. Knowing what they look for allows you to present the strongest possible application. This is particularly important for non-standard situations where lender criteria varies significantly.
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Related Questions
For more detailed information about this topic, visit our comprehensive guide:
Remortgaging
Content reviewed: January 2026
CeMAP awarded by The London Institute of Banking & Finance. Cert CII (MP) awarded by the Chartered Insurance Institute.