How many of us dutifully shop around for the best deal when we first take out a mortgage on our dream home and then forget about it? We get that headline-grabbing fixed rate for two or three years but then, when that deal expires, we are caught napping when our lender puts us on the standard variable rate and we do nothing about it. As a result we pay more for our loan than we need to. This is foolish in the extreme.

By remortgaging when the initial mortgage rate runs out, people can save themselves hundreds or even thousands of pounds. And if the cost of going through the mortgage process puts you off – think again. Traditionally, there are very few costs involved, no legal fees, no valuation fees and if there is an arrangement fee from your new lender, that can be added on to your mortgage. So in theory, you can get a free remortgage.

It’s vital that you get the best mortgage deal out there though and there are a lot to choose from. I have access to mortgages from the whole of the market, so it pays to call in and have a chat when the time comes to sort out your mortgage.