Is it too soon? Will you miss the boat?
Fair to say that picking the right moment to remortgage is far from an exact science but if you look closely there are some telltale signs.
At the moment there is absolutely no doubt that interest rates are only going to go one way – and that is up. Most experts are predicting a Bank of England base rate at the end of the year of 1% (currently 0.5%). Indeed, some lenders are already raising their own mortgage and product rates in anticipation.
So if you are worried about your current arrangement or want a fixed rate for more security, then now could well be the moment to break the stand-off with your lender and shoot from the hip for a new deal.
If you need expert advice on where to aim then we are happy to help.
Alex Pangratiou worked for Limetree Financial Services until April 2012. Feel free to contact another member of our team for help or advice.