Offers

Deals rival lenders are offering.

Different lenders may easily beat the best rates available from your existing bank or building society. So shop around as widely as possible before deciding what to do. Nowadays there are many ways to compare mortgage deals – the money pages of national newspapers and several internet sites list the latest best-buys for example. But with more than 7,000 separate mortgage offers from more than 150 lenders on offer in Britain it can still be worth getting some expert help to sort between them. A decent mortgage broker will have easy access to all the rates and will be able to read between the lines of all the latest advertisements to work out which will really suit different types of borrower and which should be avoided.

The small print on loans can mean that the best choice for someone wanting to raise a little extra money may be quite different to the best choice for someone wanting to cut their monthly repayments, for example. Tell your broker what you want to achieve by remortgaging and then take a look at the loan options he or she provides. A good broker will also compare these with your current loan and the best offerings from your existing lender and help you work out which option will be best for you. As the next few steps show, a broker can also take control of the whole remortgage process, making it even easier.