Refinancing a mortgage is something that many homeowners overlook; however, refinancing at the end of the fixed-term period is likely to save hundreds of pounds per year. This happens because the interest rate changes and other fees are often added by the lender. Customers do not switch primarily because they do not know that it is an option. While seemingly an annoying process, refinancing could save over one million people in the United Kingdom a significant amount of money.

Read more: UK homeowners risking spending more money by not switching their mortgage – Rentman Software