Mortgage broker John Charcol has urged mortgage holders who are nearing the end of their fixed rate mortgages to find a new deal as quickly as possible.

Ray Boulder, John Charcol’s senior technical manager, said that those looking to remortgage should start looking into their options six months before their deals expire.

In the current economic climate, remortgages may find it hard to find a good deal or any deal at all, and may be forced to take on expensive SVRs.

Mr Boulger said that lenders’ offers are often valid for three to six months, so acting quickly could help remortgagers to get a better deal.

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