An industry poll has shown that UK mortgage brokers expect an increase in remortgaging levels after recent standard variable rate increases.

Many UK homeowners are expected to seriously look at their home finances to reduce their outgoings and mortgage refinance is thought to be one of the biggest areas where we can all save money.

Industry mortgage comparisons are revealing that the best mortgage deals are very rarely available from your current lender and if you change mortgage company, then there are some fantastic deals to be had.

In addition to changing your mortgage lender, good savings are available by switching your life insurance cover provider, as some of the cover on offer is dramatically cheaper than your current insurer may be offering.

A word of warning, make sure that you always receive a written confirmation of eligibility and acceptance of life insurance cover from your new insurer before cancelling any existing policies. Once a policy has been cancelled it cannot be automatically re-instated and if your health or personal circumstances have changed it may effect your qualification.