Can I Switch Lenders During a Mortgage Renewal?

Author: Boychuk Mortgage Group |

Yes, you can switch lenders during a mortgage renewal to secure more favourable terms or take advantage of competitive offers in the market. Switching lenders during a renewal allows you to explore alternative options that may better suit your needs, such as lower interest rates, improved mortgage features, or enhanced customer service. Before deciding to switch lenders, it's essential to conduct thorough research, compare offers from different lenders, and consider the potential costs and benefits of the transition. Switching lenders during renewal can allow you to optimise your mortgage terms and achieve more significant financial savings and flexibility.