Remortgage to get a better rate
When you take out a new mortgage, you normally get a ‘teaser’ rate or introductory deal. Once this ends though, you can face more expensive mortgage repayments.
A low fixed or discounted rate or a low tracker rate lasts for the first few years of your mortgage. Introductory deals normally last for between two and five years.
Once the deal ends, you'll most likely be moved onto your lender's standard variable rate. which will usually be higher than other rates that you might be able to get elsewhere.
Check out our mortgage calculator to see what rates are available to you!