A quick check most homeowners forget to make.
With everything going on day-to-day, it’s easy to lose track of when your mortgage deal ends. We see it all the time.
The problem is, when a deal finishes, most lenders automatically move you onto their standard variable rate (SVR) and that’s usually quite a bit higher than what you were paying before.
Even being on that rate for a short time can mean you’re paying more than you need to.
The good news? A quick review can often fix that.
Why It’s Worth Checking Sooner Rather Than Later
A lot of people only look at their mortgage options when they get a letter saying their deal is ending.
In reality, the best time to start reviewing things is around 6 months in advance.
That gives you time to:
- See what mortgage rates are available
- Secure a new deal early if it makes sense
- Avoid rushing into a decision
We regularly speak to homeowners who assume there’s nothing better out there and are surprised when there is.
It’s Not Just About Getting a Lower Rate
Of course, finding a better rate is important. But the right mortgage deal isn’t always the cheapest one on paper.
It’s about what works for you.
For example:
- Do you want the security of a fixed-rate mortgage?
- Or the flexibility of something shorter-term?
- Would the option to overpay your mortgage help you long term?
A proper mortgage review looks at the bigger picture, not just the headline rate.
Your Situation Might Be Better Than You Think
This is the bit many people miss.
Over the past few years, a lot of homeowners have:
- Seen their property value increase
- Paid down some of their mortgage
- Improved their overall financial position
That can reduce your loan-to-value (LTV), which is one of the key things lenders use when pricing deals.
In simple terms… A lower LTV can mean access to better mortgage rates.
But if you haven’t checked recently, you might not realise where you now stand.
So, What Should You Do Next?
You don’t need to have all the answers — that’s what we’re here for.
A quick conversation can help you understand:
- When your current deal ends
- Whether you’re likely to move onto a higher rate
- What remortgage options are available to you
- And whether there’s an opportunity to save money
There’s no pressure to make a change, it’s just about knowing where you stand.
Let’s Take a Look for You
If it’s been a while since you reviewed your mortgage, or you’re not sure what your current deal looks like, it’s worth checking.
We’re always happy to have a quick, straightforward chat — no jargon, no pressure.
And for contacts of Holden Smith, we’re pleased to offer our services at a discounted rate.
👉 Get in touch today and we’ll talk you through your options.