Is Your Fixed Rate Ending? Your Guide to Remortgage in the UK

Time flies, and the 2 or 5-year fixed-rate deal you signed when you bought your home might be ending sooner than you think. Many homeowners overlook this crucial date, but failing to act can cause your monthly mortgage payments to increase dramatically.

Today, we'll explain how you can save a significant amount of money through a process called remortgaging.

The "SVR Trap": The High Cost of Doing Nothing

First, you need to understand the Standard Variable Rate (SVR).

When your introductory fixed-rate period ends, your lender will automatically move your mortgage onto their SVR. This is typically a very high interest rate—as of late 2025, it's not uncommon for SVRs to be 8-9% or even higher! This could be several times more than your current fixed rate.

Put simply, your monthly payments could suddenly jump by hundreds, or even thousands, of pounds. This is money you are paying in extra interest with no benefit to you.

The Golden Rule: Act 6 Months Before Your Deal Ends

To avoid the SVR trap, the best strategy is to act early.

We strongly recommend that you start the process of looking to remortgage in the UK around 6 months before your current deal expires. This gives you two huge advantages:

• Lock In a Great Rate: A new mortgage offer is typically valid for up to 6 months. This allows us to search the market, find you the best available rate, and lock it in. If rates happen to drop before your new deal starts, a good adviser will even help you switch to the cheaper deal.

• Ensure a Seamless Transition: The application, paperwork, and property valuation all take time. Starting early ensures the entire process is smooth and your new deal is ready to start the very day your old one ends. Not a single penny is wasted on the lender's high SVR.

What Can You Achieve with a Remortgage in UK?

While saving money is the primary goal, remortgaging offers other opportunities based on your needs.

1. A "Like-for-Like" Remortgage to Reduce Your Payments

This is the most straightforward option. You switch your existing mortgage balance to a new lender offering a better interest rate. The objective is clear: reduce your monthly payments and save money on interest!

2. A "Capital Raising" Remortgage to Release Equity

If your property has increased in value over the last few years, you have built up "equity." You can remortgage to borrow against a portion of this increased value, releasing it as a tax-free cash lump sum. Common uses for this include:

• Home renovations or extensions

• Funding your children's university education

• Consolidating higher-interest debts (like credit cards or car loans)

• Investing or using it as a deposit for a Buy-to-Let property

Your Life Has Changed, Your Mortgage Should Too

Think about how much has changed in the last few years. Your income, job, or family situation may be different. A remortgage is the perfect opportunity to conduct a full financial review with a professional. We can help you find a mortgage solution that is perfectly tailored to your life today, not the life you had when you first bought your home.

When does your mortgage deal expire? Do you want to know what your options are? Would you like to calculate how much you could save or how much equity you could release?

Don't wait until the SVR notification letter lands on your doormat. Contact us today for a free, comprehensive remortgage assessment and let's create a plan.