Industry data suggests that more than a third of homeowners with a mortgage move onto the "standard variable rate" (SVR) at the end of their fixed or tracker deal. If this happens to you then your monthly payments could rise substantially, sometimes by hundreds of pounds per month.
However, there is no need for this, as most lenders allow you to switch to a new fixed or tracker rate that can often be cheaper than the deal you were on.
What's more, this switch can be done up to four months before the current deal is due to end. So you may be able to cut your monthly mortgage payments now even if your deal hasn't expired.
We can take care of this switching process for you for any mortgage over £100,000, and we charge nothing for this service.
We will check your existing mortgage deal, and what new products your lender will allow you to transfer to. If we find a deal you like then we will take care of all the administration for you.
Even better, we are completely independent, so we will also check that you couldn't get a better mortgage deal elsewhere, with another lender.
No meeting is required, and all the information we need can be provided via phone and email.
Lenders that we can conduct free mortgage deal switches with include:
Just get in touch if you would like us to check how much you could save each month, simply by selecting a new mortgage product.
Please note, we can't conduct mortgage deal switches with the following lenders:
Please note: For any mortgage switch we will receive some commission from the lender which will cover our costs, thus allowing us to offer a free service.