Due to the credit crunch, home owners and landlords are being advised to act quickly when considering a cheaper remortgage deal.

Kate Faulkner, managing director of Designs on Property, has urges remortgage customers to start seeking their deals “really early.”

She continued: “It’s not something that you can do six weeks before you remortgage; it is something you need to be thinking about six or three months into… you [could] get a professional valuation of your property as soon as possible just in case you have to remortgage and you are asked for more money.”