May 6th 2026
Sponsored By
The Mortgage Advice Clinic from NHS Staff Benefits
Is your current mortgage rate due to expire in the next 12 months? Are you worried about potential rises in interest rates?
If you have answered yes to either of the above, now is the time to act – not later.
If you’re a homeowner in the UK, your mortgage is likely one of your biggest monthly commitments. Yet many people wait until the last minute – or rely on their bank to contact them before reviewing their options.
Why review your mortgage deal 6 months before?
We would always recommend getting in touch with us 6 months before your rate ends, this allows us plenty of time to arrange an appointment and review all of your options. Lenders differ across the UK, some allow you to secure a new rate as early as 6 months before.
What are the benefits of reviewing early?
By reviewing early, you can:
- Avoid falling onto the lenders Standard Variable Rate (SVR) which is often significantly higher monthly payments.
- Give yourself time to compare the most competitive interest rates.
- Avoid last minute stress trying to secure a deal.
Why not just wait for your Bank to offer you a new rate?
Your current lender will usually send you a product transfer offer a few months before your current deal ends and it may feel easier to stay where you are, but here is the key question:
‘Is that rate truly the most competitive rate available to me?’
When you only speak to your existing lender, you are only seeing one set of products. Our advisers can source mortgages from a broad and comprehensive range of lenders from across the market.
It’s not just about the rate either, it’s about:
- Product fees
- Early repayment terms
- Overall cost over the mortgage period
- Meeting your needs/circumstances
Worried about interest rates rising?
If you are concerned about potential rate increases, securing a deal early gives you some security. Most lenders let you lock in a rate 3-4 months before your new deal ends and if rates reduce before your new deal ends, we can often switch you to the new lower rate.
Why does planning early pay off?
Looking for a new mortgage deal early can be beneficial for several reasons:
- Securing a better rate: Reviewing early allows you to lock in a new deal a few months before your current deal ends, most lenders let you lock in a rate 3-4 months before your new deal ends and if rates reduce before your new deal ends, we can often switch you to the new lower rate.
- Sufficient time for legal works: many are not aware that a solicitor is mandatory to handle the legal transfer of a re-mortgage. The legal work involved takes 4-8 weeks on average.
If you are planning to make home improvements, re-mortgaging can allow homeowners to release equity from their property to fund renovations, extensions or energy efficiency improvements. Often this can be cheaper then personal loans or credit cards.
Get in touch!
Even if your current rate isn’t due for another year, get in touch. We can diarise to contact you 6 months before your current rate does end and get the ball rolling. That way:
- You don’t have to worry about forgetting
- You avoid rushing your decision
- You stay ahead of the market
- You stay in control
Our advisers are also available to advise on First-time buyers, home moving, buy to let mortgages, borrowing additional funds and more. We can also refer you to one of our local trusted solicitors to ensure that you continue to receive a quality service.
Our services are free of charge for all NHS staff; we also extend this offer to any family or friends you refer to us.
If you think we can be of any assistance to you, please contact us using the link below:
