Fixed Rate Ending Soon? Here’s How to Plan Ahead

Written By Laura Jones

Fixed rate ending soon? Learn how to plan ahead, avoid slipping onto higher rates, and secure the best mortgage deal for your future.

The end of a fixed-rate mortgage can catch homeowners off guard. Payments rise, options feel confusing, and the window to act feels short. But with the right plan, you can avoid stress, stay in control, and secure a deal that suits you.

Here is how to prepare when your fixed rate is coming to an end.

Why timing matters

When your fixed deal ends, you are automatically moved onto your lender’s Standard Variable Rate (SVR). This rate is usually higher and unpredictable. Acting early ensures you have time to find a better option.

Start six months before your deal ends

Most lenders allow you to secure a new deal up to six months before your current rate finishes. This gives you breathing room and protection against potential rate rises while you wait.

Check your current balance and property value

Knowing your remaining mortgage balance and up-to-date property value helps a broker assess your options. If your equity has increased, you may qualify for cheaper rates in a lower loan-to-value bracket.

Review your circumstances

Changes in income, outgoings, or family life affect your borrowing options. Planning ahead means your broker can match your situation with the right lender.

Decide whether to stay or switch

You can usually arrange a new deal with your current lender (‘product transfer’) or remortgage to a different lender. Comparing both ensures you get the most suitable option.

Avoiding the SVR trap

Slipping onto the SVR, even for a few months, can mean paying far more than necessary. Planning in advance avoids this costly gap.

The Bottom Line

The end of your fixed rate does not need to mean uncertainty. By planning six months ahead, you can secure a new deal, avoid higher payments, and step into the next stage with confidence.

Your home may be repossessed if you do not keep up repayments on your mortgage or other loan secured against it.


  • Usually up to six months before your current fixed rate ends.

  • No. You can stay with your lender or switch to another — whichever offers the best deal.

  • You will move onto your lender’s Standard Variable Rate, which is usually higher.

 
Laura Jones

Laura Jones is the founder of Nest Mortgage Advice. She believes every mortgage has a story, whether it’s a first home, a fresh start or a family milestone. Her people-first approach takes the stress out of the process, giving advice that fits real life and helping clients feel confident and supported at every step.

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What Happens If You Slip Onto the Standard Variable Rate