There are times when “everyone” seems to be talking about re-mortgaging. “Everyone” thinks it's the thing to do and can't imagine why you haven't done anything about it. It's a bit like the kids that tell you that “everyone stays up until 11 o-clock at night”. Which you take with the pinch of salt that it deserves, of course.



The “everybodies” will tell tales of money saved in the past, taking out equity in their home to fund a whole range of purchases. Holidays, private education for the kids, a second car – you name it, they've done it. As soon as one deal is sorted, they're on the lookout for the next one. You begin to wonder where you may have gone wrong. The thing to remember is that not everyone is in your shoes.

There are various reasons why it may not be worthwhile to start chopping about with your loan. Maybe you're nearing the end of the term of your mortgage and it would just not be worth the hassle and costs of re-arranging things.

When you took out your mortgage, certain situations were taken into account by your lender. There may have been two salaries coming in, which could have changed with the arrival of a family. You may have become self-employed, or working in a free lance capacity. These are things that may not be looked on favourably by a new lender and it may just be easier to let things carry on as they are. Don't rock the boat, in fact.

If you're lucky enough to be on a favourable deal already, congratulations are in order and certainly there's no point in changing, but it does pay to check from time to time that it still is in the range of the best deals. It costs absolutely nothing to check up and compare the alternatives. Changing for the sake of changing or little gain is pointless.

It's possible that you could be on a really poor deal. If you realise this is the case you could try appealing to your lender to see if you could be transferred to an alternative and better one. This is certainly a situation where it's probably better if you look out for something much more favourable. Whilst there's no harm in talking to your current lender or walking into the Building Society in the High Street, they'll only offer you their own products – maybe the best they can offer, but not the range of products that you need to consider.

You need the best possible deal available and the most straightforward way to do this is by going on-line to find an independent mortgage broker. Once they have all the facts about your circumstances, they'll pull out all the stops to find you a better deal. They're able to quickly search a massive mortgage market and are sure to winkle out something interesting and money-saving in no time at all. It's their job and they're good at it.