If your fixed or tracker deal is ending, doing nothing is usually the most expensive option. When a deal ends, most lenders move you onto their Standard Variable Rate (SVR), which is typically much higher.
Start looking around 6 months before your deal ends
Many lenders let you secure a new rate up to six months in advance. If rates fall before your deal ends, a good broker can often switch you to a better rate before completion.
Product transfer or full remortgage?
- Product transfer: staying with your current lender on a new deal. Quick, usually no legal work or new affordability checks.
- Remortgage: moving to a new lender. Can unlock better rates, borrowing extra, or changing the term — and often comes with free legal work and valuation.
We compare both. Sometimes your existing lender really is best; often it isn't. Read the full product transfer vs remortgage comparison.
Good reasons to remortgage
- Your current deal is ending
- Your home has gone up in value, moving you into a lower loan-to-value band with cheaper rates
- You want to borrow more for home improvements
- You want to remove someone from the mortgage, or add someone
- You want to overpay more flexibly or change your term
Costs to check
- Early repayment charges if you leave a deal early
- Arrangement / product fees (compare the total cost, not just the rate)
- Exit fees from your current lender
Expert tip: For help comparing both routes, see remortgage advice. Drop us your deal end date and we'll remind you when it's time to look — no obligation.
This guide is general information, not personal advice. Figures are correct at the time of updating and rules can change. Your home may be repossessed if you do not keep up repayments on your mortgage.
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