Mortgage advisers can secure a new rate up to nine months before your current fixed deal ends. This means you can lock in a competitive rate early, protecting yourself from potential increases. The best part? If interest rates drop before your new deal starts, your adviser can switch you to a lower rate—ensuring you always get the best possible deal.
Here’s an overview of mortgage rates over the last 2 years, from the Bank of England Database:
Source: Bank of England
Here’s what a mortgage adviser can do for you:
For example, on a £300,000 mortgage over 25 years, with a fixed rate ending in February 2025. Your adviser secured a new mortgage rate on 31st October 2024 at 4.07%. By 31st December 2024, rates had risen to 4.38%.
Because you locked in early, you avoided this increase, saving £51.94 per month. Over a year, that’s £623.28, and over a 5-year fixed term, you’d have saved a staggering £3,116.40!
A Free Service for Our Clients
If you’re already a customer, this service is FREE —just expert advice to ensure you never overpay on your mortgage.
With interest rates fluctuating, waiting until the last moment can be an expensive gamble. Speak to a mortgage adviser today and take control of your financial future.
