what happens when my fixed rate mortgage deal ends?

When your fixed deal ends, you will likely end up falling on to your lenders' "Standard Variable Rate" (SVR).

This is likely going to be higher than your current deal, so there are 2 options if you want to get a new fixed rate.

1 - Remortgage.
This is where you move away from your current mortgage provider and get a new mortgage with a different lender.

2 - Chose a new rate with your current provider.

As always, speak to your mortgage advisor for tailored advice.

For mortgage advice reviews check out 'RENSHAW WEALTH'.

If your fixed rate mortgage deal is ending and you want personal tailored mortgage advice, please get in touch.

[PyrianVT]

Thanks! This was exactly the info I was trying to find :D I'm still a year or two off my first mortgage, but I wasn't sure if it was worth getting one with a lower overall interest, across the entire term, or with a lower initial term interest rate. This makes the latter sound like the better option, as long as I change when the initial term is over.

[TheWanderingObserverr]

Thank you Carl, I have spent a lot of time researching what happens once my fixed rate ends and it gets hard to understand after a while of readin* the same things over and over again. Thank you for giving a clear explanation.

[jackiehart]

Why would an existing lender insist on a deed of variation, before allowing a transfer to another of their fixed rate products? This was never the case in the past?

[darrenmackenzie]

Next year my rate ends. I have 104k but I have 90k in my savings. Can you advise what would be the best thing to do when my deal ends.

[fatimaadnan]

When we making new mortgage deal can we add more money (deposit)in it.