Remortgage constantly to save money?

A question about : Remortgage constantly to save money?

Hi there

First time poster so apologies if this is a repeat discussion (I have had a thorough search).

I have got a Mortgage in Principle from my bank, HSBC. It's a 2 year fixed at 3.89%, changing to their variable rate which is pretty good at the moment at 3.94% (of course this may change but for the purpose of this question I'm anticipating it won't too much). There are no arrangement fees.

My question is this. I have had a search using various tools and with the same deposit can get a much lower initial fixed rate. However the variable jumps up dramatically. Do I go for the company with a lower initial rate then hafter 2 years jump ship to HSBC (is it that easy?) or am I able to go to another low fixed rate?

If fixed term rates are generally lower than the variable rate why don't people remortgage constantly? (With no/low arrangement fees). Is there some drawback to this I'm missing?

For convenience sake I would like to stay with HSBC for the long run but considering this is the most money I will ever borrow, I think I need to ignore convenience and go for the cheapest option. But do I do this time and time again - is there a limit to how many times one can remortgage!?

Hope I have actually asked a question you can understand, there are. Few in there. Thanks so much

Best answers:

• I don't think you have to necessarily re-mortgage constantly, from what i've seen it's easier to simply get a new fixed term from your current provider on a customer retention deal. That is what i'm planning to do anyway.
• Okay that sounds much nicer than remortgaging. So are you planning on doing this long ter, and constantly being on a fixed rate?
• there is always the life time low cost tracker never have to change again.
  you never know what the fee free deals will be next time.
  change in circumstances and stuck on a follow on.