When to look for new mortgage deal?

nixinix

Hi, Our current mortgage deal, with Principality, is up early November - I intend to start looking around at deals now so hopefully I will recognise a good deal when I see one. But how long does it take to sort out a remortgage? When should I be looking to commit to a new mortgage deal to ensure it ties in with current deal ending?

Thank you!

homer_j_3

It normally takes 4-6weeks to remortgage.

You can secure deals sooner than this but it depends on how long the mortgage offer lasts. Most last 3 or 6 months. So in reality, you could see a deal in say may that you really like and have it set up to switch in november.

youngbutwise

thanks, I am in a similar situation and will need switching in December so that's useful advice to me too.

IDN101

Allow 6-8 weeks to be on the VERY safe side.

Ian