When your fixed rate ends, your lender moves you onto their Standard Variable Rate and quietly hopes you don't notice. You should notice. It could cost you thousands every year.
The SVR is almost always significantly more expensive than a new deal elsewhere. Lenders count on inertia — the assumption that switching feels like a hassle so most people won't bother. We remove the hassle entirely.
£250,000 mortgage on SVR at 7.25% = around £1,510 a month.
Same mortgage on a new 5.5% fixed deal = around £1,195 a month.
That's £315 a month, £3,780 a year, and £18,900 over five years.
A realistic example based on deals we arrange regularly. Your exact numbers will differ — but the principle is the same.
You can usually lock in a new rate up to 6 months ahead of time. Starting early gives you real choice — and removes the deadline panic.
Current deal, property value, income, any changes since you last applied. A short conversation gives us everything we need.
Every lender on our panel. Product fees, early repayment charges, overpayment flexibility — not just the headline rate. The whole picture.
We handle the paperwork, liaise with solicitors where needed, and make sure everything completes before your old deal expires.
Yes. Home improvements, consolidating debts, whatever the reason. We look at your options honestly and flag any implications you should know about.
There will usually be an early repayment charge. Sometimes paying it is still worth it — we do the maths and give you a clear answer.
Yes. A shorter term saves interest overall. A longer term reduces monthly payments. We'll model both so you can choose with full information.
Options narrow, but there are usually still options. We work with lenders who will do a sensible deal on reduced equity.
Lenders will check your credit file — so it pays to see what they'll see before you apply. Check My File pulls together data from all three agencies (Experian, Equifax, TransUnion) in one place. Any errors or unexpected entries are much easier to resolve with time on your side. Try it FREE for 7 days, then £14.99/month — cancel online any time.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Book a free chat and let's work out what you could be saving — no pressure, just honest numbers.