There is worry about the future of people with a Help to Buy mortgage, in case they get excluded from the best remortgage deals and find themselves with little options.

Remortgaging a home is a key financial decision that people make in order to boost their finances and improve their monetary position. It can help people hold onto their homes, increase their disposable income and therefore improve their quality of life.

The key to pulling off a change like this is choosing the right deal. Unfortunately, there is worry that those on the government flagship housing scheme will not have a great deal of choice, and may therefore miss out and be financially trapped by a lack of better deals.

The issue has come up as a lot of Help to Buy deals are now drawing to the natural end of their fixed rate term, and the threat of variable rates could cause problems for some people.

Just five banks are reported to offer remortgages available for those on the Help to Buy scheme.

Going by a typical mortgage on the Help to Buy scheme of a £150,000 home, there is a drop of around £66 a month, when comparing repayments from the interest rates in 2013, to the remortgaged interest rates available now.

From an average rate for a two year fixed rate Help to Buy mortgage of 4.07 per cent in 2013, it is now possible to get an average 2.98 per cent remortgaged deal.

However, for people with a traditional mortgage and not on the Help to Buy scheme, the average rate available now is in the region of 2.13 per cent, significantly lower.

Wider branches of the market offering Help to Buy remortgages would hopefully help to bring down the difference in these interest rates, but until more banks commit and offer more deals, this is unlikely to happen.