Planning for a remortgage in approximately 15 months

Seng

I will provide my current status but I dont think it is overly relevant to the advice I am looking for

Current mortgage is 137k outstanding, rate is 3.23% fixed until January 2028. 25 years remaining. Currently overpaying by 137 pounds a month so paying put 800 a month.

We are looking to borrow a further 30-40k to do home improvements when we remortgage in early 2028. Ideally I want most of the mortgage paid off when I retire in 13 years time

My basic question is how to do I start preparing to make the best decision for early 2028. Where should I be reading?

la531983

Far too early IMO.

ACG

Speak to a broker closer to the time or take a look at the best buy tables, but you have about 10-11 months before you need to worry about it.

Seng

https://forums.moneysavingexpert.com/discussion/comment/82170835#Comment_82170835

Thanks. I have read that I should consider locking something in 3 - 6 months before expiry as that will still give me the option to switch for a better deal should rates decrease in that tine?

kimwp

I think mortgage offers are usually for six months ahead, so that's probably the best time for any serious looking.

ACG

It depends on the lender. Offer periods on remortgages tend to be between 3-6 months. If you go to one lender 6 months beforehand your offer could have expired before you complete.