When your current mortgage deal is nearing its end, planning ahead can make all the difference in securing the best rates and avoiding a potential jump in payments. Ideally, begin the remortgage process about 6 to 9 months before your fixed term ends. Here’s why early preparation is essential and how it can help you lock in the right deal, improve your financial positioning, and avoid last-minute stress:

 

 Get Ahead with Early Planning

- Lock in Rates Up to 9 Months in Advance  

  Some lenders let you secure a rate as early as 9 months before your current deal expires. Locking in early can give you peace of mind if rates go up, ensuring you’ve secured a favourable rate well in advance.

 

- Stay Flexible for the Best Deal  

  Even if you lock in a rate, you’re not committed if the market changes. If a better rate becomes available before your remortgage completes, we can reassess and switch to the new option, making sure you’re always positioned for the best deal.

 

- Address Potential Issues Early  

  Starting early also allows time to improve your financial standing if needed. For instance, if a credit check shows any issues, you’ll have time to address these and potentially boost your credit score. Similarly, if lenders want to see a higher income level, this could be the opportunity to plan for overtime or extra income, helping you get a stronger position before applying.

 

- Avoid Stress from Time Pressures  

  Mortgage deals can move quickly in a fluctuating market, so early planning lets you consider options carefully, complete any paperwork, and avoid delays. Starting now means you’ll have time to gather documents, make financial adjustments if needed, and avoid a last-minute rush.

 

 How We Can Help You Prepare

At Equinox Mortgages, we’re here to help you make the most of early-bird opportunities with a smart, well-timed remortgage strategy. Whether it’s securing a great rate early, addressing any credit or income concerns, or simply making the process as smooth as possible, Josh can guide you every step of the way so you can transition to your next deal with confidence. 🌓

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