Time to re-mortgage? Why it’s important to speak to an adviser to find the right deal

If your mortgage deal is coming to an end, you’re not alone. Thousands of homeowners are fast approaching the end of their fixed terms, and for many, that brings a crucial question: is now the right time to remortgage?

With interest rates rising sharply over the last couple of years, this is no longer a straightforward decision. While rates are beginning to settle, the range of deals on offer is broader than ever and knowing which one is right for you can be far from simple.

That is where expert advice can turn confusion into clarity.

End of the deal, not end of the story

When your fixed-rate deal ends, your mortgage will usually revert to your lender’s Standard Variable Rate (SVR), which is often significantly higher than the rate you’ve been paying. For many, this can lead to a sharp increase in monthly payments.

Acting early, typically around six months before your current deal ends, can help you secure a new rate in time and avoid moving onto your lender’s SVR. But it’s not just about switching quickly. It’s about switching wisely.

Advice matters more than ever

There is a lot to consider when remortgaging. You may be thinking about locking in another fixed rate or wondering whether a tracker might offer more flexibility. You might be best placed to remain with your current lender and take a product transfer, or explore a full remortgage with a new lender.

Your circumstances may have changed since you last arranged your mortgage – perhaps your income has shifted, you’ve taken on new commitments, or your home’s value has increased. All these factors can affect the deals available to you.

A qualified mortgage adviser can look at your full financial picture, explain the pros and the cons of each option, and guide you towards a deal that’s suited to both your budget and your future plans. They’ll also have access to a wider range of lenders than you may find on your own or your current lender will offer you directly, including specialist providers that don’t advertise directly to the public.

And importantly, they’ll help you avoid the hidden costs like early repayment charges, arrangement fees, and valuation costs. These can sometimes make a seemingly low rate less attractive overall.

Planning ahead gives you more control

Remortgaging isn’t just about reacting to rising rates. It’s a chance to take back control of your finances. Whether you want to reduce your monthly outgoing, pay off your mortgage sooner, or release equity for home improvements, the right remortgage deal can help you do it.

By speaking to an adviser early, you can make an informed plan without the added stress and avoid last-minute decisions. Even if you’re not ready for to switch yet, getting advice now means you’ll be better prepared when the time comes.

It’s your home. Make sure your mortgage works for you

Your mortgage is likely your biggest monthly commitment, and it deserves regular attention, just like any other part of your financial life. What worked for you two or five years ago may no longer be the best fit today.

If your deal is coming to an end, or you’re simply wondering whether you could be getting more from your current mortgage, it’s worth speaking to an expert. A short conversation now could save you thousands over the life of your loan, giving you the confidence that you are on the right track.

To book your appointment with a mortgage adviser, please get in touch here kellywilliams@ccfpm.biz and 07976 279076

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Approved by The Openwork Partnership on 04/09/25.