Switching your mortgage provider means taking out a new mortgage to repay your existing one. Most people do this to try to get a better interest rate or lower their monthly payments, although this depends on your circumstances and switching may involve fees. This process is commonly known as remortgaging. For many homeowners, making this kind of switch is a standard financial decision that helps them avoid moving onto more expensive default rates. A mortgage broker can help manage much of the process, although the experience will vary depending on your circumstances. Your home may be repossessed if you do not keep up repayments on your mortgage.

Find out which type of mortgage insurance is the right one to secure your home. Habito is authorised and regulated by the Financial Conduct Authority. We offer advice on life insurance and mortgage protection from a range of insurers. We’ll recommend cover based on your circumstances, but not every policy on the market is available through us.