What happens if I don’t remortgage?

If you are coming to the end of your existing mortgage deal, then you may be considering a remortgage. A remortgage, in many ways, works in the same way as finding your first mortgage. However, a remortgage can be a very good opportunity to make savings on your monthly outgoings.

If you do not remortgage, you will normally automatically move onto your lender`s SVR (standard variable rate). This is the lender`s basic rate, which other mortgage deals are often based around.

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