Once your fixed mortgage period comes to an end, your mortgage will automatically transfer to your mortgage lender’s standard variable rate (SVR) of interest.
Typically, this rate tends to be higher than your current rate, which could result in higher monthly mortgage payments.
To avoid this scenario, we recommend that you reach out to our team of mortgage advisors in Nottingham. We’ll help you search for remortgage deals to ensure that you don’t end up paying more than you need to for your mortgage.
In fact, we may even be able to find you a deal that results in lower monthly payments!