“It can be done if you’ve been on furlough or if you used the mortgage payment holiday scheme.”

What does remortgaging mean?

“Remortgaging – the second option – is where you compare the whole market, from 90 lenders and thousands of deals, so it goes beyond those just on offer from your current lender,” the mortgage expert said.

“As such, it can take a little more time, and mean greater checks – but you’ll know you’re on the best interest rate on the market for you.”

With either of these options, Mr Winn suggested seeking the help of a mortgage broker may be of benefit.

“In either case, a broker can help you. Check the rate that a lender offers you, but also ask your mortgage broker to compare what they’re offered,” he said.



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