Should I Re-mortgage?

Too many people stick with one mortgage all the time, languishing on a bank or building society's standard variable interest rate, which is nearly always a bad deal. Borrowers often end up paying too much because the good introductory offer they chose in the past has run its course and they haven't bothered to shop around since they took it out.

You don't have to move house to remortgage, though you'll probably have to change lenders to get a better deal. Compare what's on offer, including how much it will cost to remortgage. This can cost up to $1300 in application fees, valuation fees and lawyers' bills, but it could well be worth it.