Don’t assume that you have to change lender to get a better deal. It’s worth looking at the other mortgages your lender is offering, as it can be easier to stay with the same building society or bank.
If your mortgage is currently with Nationwide and if you're looking to switch your existing deal to another Nationwide mortgage deal, we will offer you our lowest rates as a thank you for your loyalty. Plus, as part of our Loyalty Rate Mortgages initiative we'll shop the high street so you don't have to. Each and every week, we check the remortgage rates on offer from Barclays/Woolwich, Halifax, HSBC, Lloyds, NatWest/RBS and Santander – then we beat them.
If you do decide that you want to remortgage, try shopping around early – about 6 months before your mortgage is due to end. That way, you’ll get an idea of what’s out there and what is most suitable for you and your circumstances. Also try to apply for your new mortgage 2 to 3 months in advance as it can take some time for an offer to come through.