Steps to take if your mortgage deal is ending soon
You can take several steps to get ready for the end of your fixed‑term mortgage, ideally starting around six months before it finishes. Read our guide to see how remortgaging in 2025 could affect you, or keep reading to discover the key actions you should take to prepare.
Check the terms of your current fixed term mortgage
First of all, you should check the terms of your current mortgage, this includes, when it ends, your current interest rate, the standard variable rate once the term ends, and your outstanding mortgage balance. You should also remind yourself of any other terms in your contract, such as early repayment charges, exit fees and porting rules.
Knowing all of you terms, helps you compare your current mortgage to any new deals, and can help you evaluate what’s important to you in a mortgage deal.
Speak to a mortgage adviser
A mortgage adviser is the best person to help you find out what the best deals on the market and will be able to help advise you of your options.
Plan ahead & budget if necessary
Your monthly mortgage repayments are highly likely to change when your fixed term contract ends, and so it’s important to understand how you will be affected, as early as possible. You can sometimes remortgage six months before your term ends and so planning ahead can help you budget and sort your finances accordingly and will give you time to get used to any increases.