Remortgaging, however, is likely to involve careful consideration and thought before it is actioned. This is because, for many, a mortgage is the most significant financial commitment they

will enter into, and so striking a good deal is key.  Mr Hegarty added: “There are lots of options for remortgaging out there - whether you’ve been furloughed, have experienced a reduction

in income or you’ve taken a mortgage payment holiday, your lender should be open to you doing a product transfer with them. “To get a whole-of-market view of your options, speak to a free

mortgage broker who can advise you on the best course of action, including sorting a product transfer for you.