The main consideration is to work out if a remortgage is worth it. You may be able to save a lot of money on your monthly payments by switching to a new deal, but you will need to weigh that against the costs that may be associated with the remortgage such as early repayment fees, mortgage application fees and legal costs. You also need to make sure you are not overstretching yourself – if you take on a new mortgage that is bigger than your current one, your monthly payments may be higher, which may not be sustainable in the long run. While we are unable to advise you on specific mortgage products, we are happy to walk you through the costs of remortgaging so you can make an informed decision.