Your fixed rate is ending.
Here is what to do.
Five simple steps to avoid your lender's standard rate, in plain English.
Find your end date
Check your mortgage offer or lender app for the date your deal ends.
Start six months early
Most lenders let you secure a new rate up to six months before.
Check your numbers
Know your balance, home value and any changes to your income.
Compare both routes
A deal with your lender, or a move to a new one. Look at rate and fees together.
Lock it in
Secure the deal. If rates fall before it starts, you may still be able to switch.
What happens if I do nothing?
When your deal ends, your lender moves you to its standard variable rate. This is often much higher than a new deal, so your monthly payment can jump.
Product transfer or new lender?
A product transfer is a new deal with your current lender. It is often quicker, with less paperwork. A new lender might offer a better rate, or lend you more. A broker can compare both for you.
How our free service works
Tell us about your mortgage. A qualified broker looks at deals that fit your plans, explains your options and handles the application. You pay no broker fee. The lender pays us when your new mortgage starts.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Remortgage with no broker fee.
Buying, remortgaging or borrowing more. The lender pays us, so you pay nothing for our advice.
Common questions
When should I remortgage?
Start looking about six months before your deal ends. Most lenders let you lock in a new rate that far ahead.
What is a product transfer?
It is a new deal with your current lender. It can be quick and simple, but it is worth comparing with other lenders first.
Can I remortgage to borrow more?
Yes, if you have enough equity and the lender is happy with your income. You might use it for home improvements or other plans.
What will it cost?
Our advice is free. Some lenders charge a product fee, and switching lender can mean legal and valuation work, though many deals include these free.