When your fixed-rate mortgage deal is about to end, you’ll likely receive a letter from your current lender inviting you to switch to a new rate. It can feel like the simplest and quickest option to just accept their offer and carry on.
But before you do, taking a moment to speak with a mortgage adviser could be one of the smartest financial decisions you make. That simple conversation can give you more choice, help you find a better deal, and potentially save you a significant amount of money.
Here at Yes Mortgage Services Limited, we believe everyone deserves to be on the most suitable mortgage deal. Our expert advisers are here to help, with access to a comprehensive panel of lenders and no broker fees to worry about.
Your Lender Only Shows You Their Own Products
When you go directly to your lender, you are only seeing a small slice of what’s available on the market. They will only ever offer you their own mortgage products.
In contrast, our advisers search across a wide panel of different lenders to find a deal that truly fits your circumstances. This could mean securing a lower interest rate, paying lower fees, or finding a more flexible mortgage that suits your future plans. It’s important to know that some of the most competitive rates are only available through advisers.
Your Circumstances May Have Changed for the Better
Think about what might have changed since you first took out your mortgage. Has your income increased? Have you paid off a chunk of your loan? Has your property’s value gone up?
If so, you could be in a much stronger position. For example, if you have built up equity in your home, you may fall into a lower loan-to-value (LTV) band, which can unlock access to much more competitive interest rates. An adviser can review your full financial situation to see if you qualify for better terms.
There’s More to a Mortgage Than Just the Interest Rate
While a low interest rate is appealing, it’s not the only thing that makes a mortgage a good deal. Our advisers look at the bigger picture and the overall cost of the mortgage. This includes:
- Product fees: Some deals with low rates come with high setup fees.
- Incentives: You could benefit from cashback offers or a free property valuation.
- Flexibility: Features like the ability to overpay without penalties or take your mortgage with you if you move (known as ‘porting’) can be incredibly valuable.
We’ll help you find a suitable solution that’s right for your situation, not just the one with the headline-grabbing rate.
You Receive Personalised, Regulated Advice
A mortgage adviser works for you and has a duty to act in your best interests. Our advice is regulated, which means we are held to high standards to ensure the mortgage we recommend is suitable for your specific needs.
We take the time to understand your goals, whether that’s keeping your monthly payments as low as possible, paying off your mortgage faster, or having flexibility for the future. We will also handle the paperwork and manage the application process for you, hopefully helping to save you time and hassle.
The High Cost of Doing Nothing
If your fixed-rate deal ends and you don’t switch to a new one, your lender will automatically move you onto their Standard Variable Rate (SVR). This rate is almost always significantly higher than the fixed or tracker rates available. Falling onto the SVR could add hundreds of pounds to your monthly mortgage payments overnight.
By planning ahead and speaking to an adviser before your current deal expires, you can lock in a new rate and ensure a smooth transition, avoiding any unnecessary expense.
Make the Right Choice for Your Future
Your mortgage is one of your biggest financial commitments. When it’s time to remortgage, making an informed decision is crucial. Don’t just settle for the easy option – a short, free conversation with our team could make all the difference.
Contact us today to review your options.
We do not charge a fee for mortgage advice.
Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.
All the information in this article is correct as of the publication date of 29th May 2025. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics, and images, does not, and is not intended to, substitute professional financial advice; instead, all information, content, and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information.
At Yes Mortgage Services, we offer a comprehensive range of products from across the market.
Irrespective of whether you are looking to buy a new home, re-mortgage an existing property, or looking to protect your family from the unpredictability that life throws at it or protect your income if you are unable to work due to accident or ill health.
Yes Mortgage Services are committed to offering you the highest possible standards of service. We can undertake the whole process from answering the initial questions through to handling multiple product applications. Ensuring that everyone gets treated with the same urgency and maintaining your best interests are our main goals irrespective of the value of the mortgage.
We recognise that both we and our customers have everything to gain if we look after your best interests and treat you fairly in all aspect of our dealings with you.
