Is your 5-year fixed rate ending in 2025?

If your five-year fixed mortgage deal is coming to an end, it's a good time to start thinking about your next steps. With mortgage rates having shifted significantly over the past few years, many homeowners are finding themselves entering a very different landscape to the one they fixed in.

You’re certainly not alone—around 1.8 million people are expected to remortgage this year, and a bit of planning can go a long way in helping you stay on top of your repayments.

What happens when your fixed rate ends?

Once your fixed-rate deal finishes, your lender will typically move you onto their Standard Variable Rate (SVR), which is often considerably higher than what you’ve been used to paying. This can lead to a noticeable jump in your monthly repayments.

To avoid this, many people choose to remortgage - essentially switching to a new deal, either with your current lender or a new one. A mortgage broker like us can help you explore the options available and find something that suits your needs and budget.

Should you fix a new rate now or wait?

We’re hearing this question a lot. Understandably, some people are waiting to see if rates come down before fixing again. But this approach can carry risks:

• There’s no guarantee rates will fall.

• If your current deal ends and you haven’t arranged a new one, you could end up on the SVR, which could significantly increase your monthly payments.

• Even if interest rates drop, lenders don’t always reduce their mortgage rates in line.

We’re here to help you weigh up what’s best for your situation—whether that’s fixing now or reviewing again a little further down the line.

Can you secure a new deal early?

Yes— many lenders will allow you to secure a new mortgage deal up to six months before your current one ends. This gives you flexibility:

• If rates rise, you’ve locked in early.

• If rates fall, there’s often an option to switch before your new deal begins.

• You avoid rolling onto the SVR.

  
  

We can help you check which lenders offer this early lock-in and whether it’s the right move for you.

Why use a mortgage broker?

Everyone’s situation is unique, and it’s our job to help you make informed decisions. At Your Mortgage Room, we can:

• Access a wide range of lenders, including exclusive intermediary-only deals.

• Save you time by doing the legwork.

• Offer personalised advice based on your goals and circumstances.

• Help you avoid unnecessary costs or overpaying.

  
  

Ready to talk it through?

If your fixed rate is coming to an end in the next six months, now is a great time to start reviewing your options. Get in touch to book a no-obligation chat. We’re here to help you find the right deal for the next stage of your journey.

There may be a fee for mortgage advice. The precise amount will depend upon your circumstances, but we estimate it will be £575.

Your home/property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.