Summary
Advice on what you need to do to prepare for exploring your remortgage options
Do you need to review your mortgage deal in 2026?
1.8 million UK homeowners will be coming off fixed rate mortgage deals this year. Are you one of them? You might be surprised by the current market.
Some homeowners who are coming off mortgage products from before the Liz Truss budget era will be surprised by the “sticker shock” of the increase in interest rates on the mortgage products now available. They will be coming off deals with fixed rates under 2% and into a currently volatile fixed rate market.
Here is a BBC article from last summer about the impact the Liz Truss budget has had on mortgage interest rates if you weren’t in the UK at the time or managed to block out the whole period! if you are coming off of a product secured before that 2022 spike in the graph shown, you will find the available product market is much different now!
Act Early, Be Prepared
If this is you, contact me and I can help review your situation, explore what options are available to you and secure a new product that’s right for you. Don’t fall onto your bank’s Standard Variable Rate (SVR) by not changing your product deal. That will cost you even more! Click on my Calendly link for a Quick Chat if you would like to talk through your situation.