Is your mortgage deal ending in the next 6 months? Get in touch today.
Is your fixed mortgage term ending soon? Here’s how remortgaging now could save you thousands—and help fund your next big life goal.
The remortgage process involves transferring your current mortgage to a new lender. Most people consider this when their current deal is ending, but it can also be a smart move for other reasons – financial or personal.
Acceptable reasons for remortgaging include for a big life change, to help you raise money for home improvement costs or you are embarking on a special purchase – but always think carefully about whether you can afford the extra amount over the full mortgage term.
Greenacre’s Remortgage Services help you find the best deal for your needs—whether you’re switching for a better rate, releasing equity, or adjusting to a life change. We search the whole market and handle the process from start to finish, making it simple and stress-free. Call us on 0203 3939 222 to get started.
Client review: It was time for my remortgage and I was looking for different options. I was recommended to Greenacre and Greg by my friend. Greg was good at securing a mortgage and informing me when he was able to get it lower. He was fast at responding to emails which was a bonus.
Fixed period coming to an end?
The majority of mortgages are arranged on a fixed-rate basis over periods of generally 2, 3 or 5 years fixed. Around 6 months before your current mortgage deal is due to end is the ideal time to check the latest remortgage deals.
If you don’t take action, your current rate will be moved to the current lender’s standard variable rate (SVR), which is usually higher. Even if you’re already on a follow-on rate, it’s worth exploring new options now—potentially saving you money.
To avoid delays or last-minute stress, start the remortgage process early. Six months gives you time to prepare paperwork and pass affordability checks while locking in today’s rate.
Read our blog on Things to consider when remortgaging to learn how to secure the best deal, avoid common pitfalls, and make informed decisions that protect your finances long-term.
Thinking of making home improvements?
If you want to embark on some home renovations, then remortgaging is an option. There are four options when raising finance for home improvements:
- Remortgage with your current lender: If you’re at the end of a fixed rate and their interest rates are competitive, this can be a lower-cost option. This is known as a product transfer
- Apply for a further advance: You can borrow more on your current mortgage, subject to affordability checks. This is additional borrowing from your existing lender.
- Remortgage with a new lender: At Greenacre Financial Services, we search the whole market, with access to over 100 lenders. Our remortgage services are a great way to find the deal for your needs.
Read our How does Remortgaging work?, because it is important to take advantage of all advice you have access to.
Need to change your mortgage terms?
It is a comfort to know that a mortgage term can be changed along the way if needed. Finding a new mortgage may be beneficial if your income becomes variable, you are in the position to make overpayments, you are looking for flexibility with your monthly mortgage payments or need help budgeting with payment holidays.
However, changing your mortgage term will affect your finances, so it is really important that you understand your options before you borrow extra money. We are here to discuss the best option for you, whatever your circumstances. We will help you with the mortgage application process and avoid early repayment charges and any other charges where we can.
Client review: Melanie helped us to remortgage and we’re really happy with the service we received. We were apprehensive about the process having been on a fixed rate for some time, but Melanie was friendly, patient, and knowledgeable. I would recommend her services to anyone looking for reliable guidance. Thank you Melanie!
Need to Consolidate Debt?
Remortgaging to consolidate short-term debts (like loans or credit cards) can simplify your finances and reduce your monthly outgoings.
You’ll need to declare your intentions to consolidate debt so lenders can assess your credit score. Always seek independent financial advice first, as your home may be at risk if you can’t keep up repayments.
Releasing Equity
Equity is the difference between your home’s current value and the outstanding mortgage. If you’ve built up equity and are near the end of your fixed term, it could be a good time to remortgage at a competitive rate—and release funds.
You might use equity release to:
- Buy a second property
- Fund home renovations
- Help your children financially
- Travel the world
Whatever your goal, we’ll help you explore the best options available across thousands of mortgage schemes.
Reasons to Remortgage FAQs
2. When is the right time to switch my mortgage deal?
The ideal time is usually around six months before your fixed rate ends. This allows you to lock in better mortgage rates before moving onto a lender’s standard variable rate. Switching early can offer savings on monthly payments and give you time to gather documents and complete checks. However, depending on your current deal, an early switch may come with fees—so it's worth reviewing the benefits carefully with a broker.
Client review: I couldn’t recommend them more. My mortgage advisor Karl went above and beyond to help me remortgage from a residential to buy to let mortgage. He made sure all possible avenues were exhausted and got me on the best available product. All while keeping in constant contact and remaining available for a call whenever I needed!
Contact Greenacre Today
If your fixed mortgage rate is coming to an end, and you are considering remortgaging in the UK, or any other reason, get in touch. We can give you all the expert advice to help you get the most out of your mortgage, protection and home insurance.
Unlike many of our corporate competitors and other mortgage brokers we are a completely independent Whole of Market Mortgage Broker. We offer a choice of around 100 lenders and up to 25,000 different mortgage schemes.
For more information about any of our services, please don’t hesitate to get in touch by calling us on 0203 3939 222.
Written By: Sasha Stanworth
Author Bio: Sasha co-founded Greenacre Financial Services in 2018 after over a decade in public sector PR and communications. A fully qualified mortgage advisor, she’s passionate about helping first-time buyers achieve homeownership. Sasha also oversees Greenacre’s daily operations and team, ensuring clients receive consistent, high-quality service.
