If you find you can get a better mortgage with another mortgage provider, its time to look at remortgaging. Don’t use brokers for ancillary products. The motley fool mortgage service is provided by london & country mortgages ltd. Most people go direct to banks and building societies to get a mortgage. A mortgage is the biggest financial commitment you’re likely to have therefore getting it right is likely to be the biggest single moneysaving act.

But likely to be a worse mortgage. Assuming you then re- mortgage again to another three- year deal at 4. 49. Above the bank of england base rate for the term of the mortgage, offering a present payable rate of just 4. 69. Remortgaging occupies one of the busiest corners of the mortgage market. Provider mortgage type initial rate & period subsequent rate overall cost for comparison apr early repayment charge enquire if mortgage fixed 4. 85. Don’t use brokers for ancillary products. The mortgage was for around £120k and i reckon it saved us around £8k in payments over the 5 year period.