By James Evans, Director, TouchPoint Mortgages.
In this blog, we’ll walk through the top 5 mistakes people make when remortgaging in West Sussex – and how to avoid them with the help of a local mortgage advisor in Littlehampton
Remortgaging can be a powerful way to save money, release equity, or gain more control over your monthly payments. But if you’re based in West Sussex or the Littlehampton area, there are some common pitfalls you’ll want to avoid.
Whether you’re remortgaging to fund home improvements, consolidate debt, or just get a better rate, understanding what not to do is just as important as knowing what to do.
One of the biggest oversights is failing to check your credit score before applying for a remortgage. Even if you’ve been making payments on time, your score could be impacted by other factors like missed payments on a credit card or a recent credit application.
Tip: Review your credit report early and correct any errors before applying.
Timing is everything. Many homeowners wait until their fixed deal ends, then switch onto a lender’s standard variable rate (SVR), which is often much higher. In areas like Littlehampton, where house prices are rising, acting early could secure you a better deal.
Tip: Start reviewing your remortgage options 3 to 6 months before your current deal ends.
Online tools can be helpful, but they can’t compete with tailored advice from someone who understands the Littlehampton and West Sussex housing market. A local mortgage broker can access deals not available on the high street and help you navigate the process smoothly.
👉 Want personalised guidance? Speak to a mortgage advisor in Littlehampton who understands the local market and can help you get the best outcome.
It’s easy to be drawn in by low interest rates, but the best deal isn’t always the one with the lowest rate. Some remortgage deals come with high fees that outweigh the savings.
Tip: Always calculate the total cost over the fixed term, including fees, and compare this to other offers.
Debt consolidation through remortgaging can be a useful tool – but done incorrectly, it could cost you more in the long run. Stretching short-term debts over a 25-year mortgage could significantly increase your total repayment.
Tip: Only consolidate debt if it genuinely improves your financial position – and always consult a qualified advisor first.
Avoiding these common mistakes can save you thousands over the life of your mortgage. Whether you’re looking to remortgage in West Sussex, Littlehampton, or a surrounding area like Rustington, Arundel, or Angmering, it pays to have expert advice on your side.
At TouchPoint Mortgages, we specialise in helping local homeowners secure the right deal, with no jargon and no stress. If you’re thinking about remortgaging, speak to a mortgage advisor in Littlehampton today.
Send your message and we will be in touch, alternatively you can book an appointment to chat to one of our team.
