When's a good time to remortgage my house?

According to a remortgage broker in Essex, you can remortgage your house at any moment, but you need to think about early repayment charges which may be associated with your mortgage product before making this decision. As per remortgage advice, the best time to remortgage is when your financial condition will improve as a result.

Everyone's position is different; however, if you find yourself in one of the following situations, a remortgage may be in order:

• The term of your home loan is coming to a close.

• Interest rates are lower than that when you took out your current loan.

• You have a large amount of equity in your property, which means it had increased in value when you purchased it.

• When you want to pay more than you need to but your current lender won't let you.