When your fixed-rate or tracker mortgage deal ends, your lender will often move you onto their Standard Variable Rate (SVR) and this can be significantly higher than your previous rate. For many homeowners, this means paying hundreds more each month without realising it.

The good news? You can avoid this by remortgaging at the right time.

What is Remortgaging?

Remortgaging simply means switching to a new mortgage deal, either with your current lender or a different one, to get a better rate or terms.

Why Remortgage?

• Lower Your Monthly Payments – Securing a better rate can save you thousands over the life of your mortgage.
• Avoid Lender’s SVR – These rates are usually much higher and can change at any time.
• Release Equity – Access funds tied up in your home for renovations, investments, or other needs.
• Debt Consolidation – In some cases, you can combine debts into your mortgage at a lower interest rate (seek professional advice first).

When Should You Start Looking?

I recommend reviewing your mortgage 4–6 months before your current deal ends. This gives time to secure a rate before possible market changes.

Why Work With a Local Mortgage Adviser?

As a local mortgage broker, I have access to exclusive rates not always available directly to the public, and I understand the housing market inside out. I can compare options across multiple lenders, saving you both time and money.

💬 Final Tip: Don’t wait until your deal ends — you could be paying more than you need to. A quick mortgage review could be one of the smartest financial moves you make this year.

📩 Need advice? Get in touch for a free, no-obligation mortgage review today.