Around 1.8 million fixed rate mortgages are ending this year — and nearly 1 million of those were locked in at those super low 2021 rates.
So if that’s you… the thought of moving onto a higher rate — and potentially seeing your monthly payments jump — can feel pretty daunting.
But honestly? Doing nothing right now is the worst move. We’re already seeing mortgage rates starting to creep back up again.
This year, it’s predicted that 91% of people will use a mortgage broker to find the best deal — and with good reason. Not all brokers have access to the same lenders, so it’s really important to make sure whoever you speak to can search across a wide range of options. And if you’re moving house, remember — you don’t have to use the broker recommended by the estate agent.
Also… you shouldn’t have to pay for great advice.
A lot of people still don’t realise that mortgage advice can be completely fee-free — especially younger borrowers, many of whom are paying £100s unnecessarily during the process.
The good news? Mortgage arrears have actually hit a 2-year low, and lending is up to its highest level since 2022 — which are both really positive signs that the market is stabilising.
There are still some great rates available right now — but they are starting to increase again.
So if your deal’s ending this year, now’s the time to review your options and potentially secure a new rate before things move further.
If you want to see what’s available to you — just get in touch.
