When you come to the end of your fixed mortgage period, you will move straight onto your lender’s standard variable rate of interest (SVR). Usually, a lender’s SVR will be higher than your current rate, meaning that you might see your mortgage payments go up each month.
To prevent this from happening, get in touch with our Mortgage Advisors in Nottingham and we will search through Remortgage deals for you so that you don’t end up paying more for your mortgage payments. We may even find you a deal that results in you paying less than you did each month!