Most homeowners start exploring remortgage options around 3 to 6 months before their current mortgage deal is due to expire. This helps ensure a smooth transition and avoids reverting to your lender's potentially higher Standard Variable Rate (SVR). However, you can consider a remortgage at any time, especially if your financial situation has changed or you're looking to release equity.

The remortgage process typically takes between 4 to 8 weeks from application to completion, assuming you're switching to a new lender. If you're staying with your current lender (a 'product transfer'), it can often be quicker, sometimes within a few days or weeks. The exact timeline can vary depending on individual circumstances and lender processing times.

Yes, there can be various costs. These might include early repayment charges (if you leave your current deal early), new lender arrangement fees, valuation fees, and legal fees. However, many remortgage products offer incentives like free valuations or contributions towards legal costs. We will clearly outline all potential costs upfront when discussing your options.

If you are moving to a new lender for your remortgage, you will almost always need a solicitor or licensed conveyancer to handle the legal aspects of transferring your mortgage. If you are simply switching to a new deal with your current lender (a 'product transfer'), legal services may not be required. Some lenders offer to pay for your legal fees, ask your advisor if it's the case with your chosen lender.