01
First, the trigger
A fixed rate ending, repayments that have crept up, equity that has grown, or plans that have changed — any of these is a good reason to look. None of them obliges you to move. The point of the exercise is a clear answer, and sometimes the clear answer is stay.
02
The checklist
- What rate are you actually paying today — not the one you remember signing?
- What is your current lender offering new customers for the same loan?
- What does it cost to leave — discharge fees, and break costs if you're fixed?
- What does it cost to arrive — application, valuation and government fees?
- Does the saving repay those costs within 18–24 months?
- Does the new loan fit what's next — offset, redraw, the next purchase?
03
The traps that eat the saving
- Resetting to a fresh 30-year term — the rate drops, the lifetime interest rises
- Chasing a cashback while accepting the wrong structure
- Never asking your current lender to reprice — often the cheapest move of all
04
How we run it
We price your loan both ways: what your lender should give you to stay, and what the market pays you to move. The repricing call comes first — if staying wins, that's the advice. If moving wins, we manage the switch end to end.