The 2026 UK Mortgage Market: Why Now is the Time to Review Your Rate

If you are one of the thousands of UK homeowners with a fixed-rate mortgage coming to an end this year, you might be watching the financial headlines with a close eye. The landscape of UK mortgage rates in 2026 continues to evolve, and navigating these shifts can feel overwhelming.

However, one golden rule remains constant: waiting until the last minute to sort out your remortgage is one of the costliest mistakes a homeowner can make.

Here is why now is the perfect time to review your rate and how getting ahead of the curve can provide you with financial peace of mind.

The Six-Month Window of Opportunity

Many borrowers assume they need to wait until their current deal expires before looking for a new one. In reality, you can secure a new mortgage rate up to six months before your current fixed rate ending date.

Why is this so advantageous?

• Protection against rises: If interest rates go up over the next six months, the rate you locked in early remains secure.

• Flexibility if rates fall: If lenders introduce cheaper rates before your current deal officially ends, a good broker can usually switch your application to the new, lower rate before completion.

It is a true win-win situation, giving you a safety net without tying you down if the market moves in your favour.

Beware the Standard Variable Rate (SVR)

If your fixed rate expires and you haven’t arranged a new deal, your lender will automatically move you onto their Standard Variable Rate (SVR). SVRs are almost always significantly higher than the fixed or tracker rates available on the open market.

Even spending just a month or two on an SVR while you scramble to sort out a remortgage can add hundreds of pounds to your outgoing costs. By starting the process early, you ensure a seamless transition from one deal to the next, entirely bypassing the SVR trap.

Why Speak to an Independent Broker?

Every household’s financial situation is unique. Perhaps your income structure has changed, you have become self-employed, or you are looking to raise additional capital for home improvements.

Going directly to your current bank severely limits your options, as they can only offer you their own products. By seeking professional remortgage advice in Cheshire, you gain access to a comprehensive view of the market. An independent broker will sift through thousands of products across high-street banks and specialist lenders to find the exact terms that suit your circumstances.

Furthermore, a broker handles the heavy lifting—from the initial paperwork to chasing solicitors and lenders—saving you hours of administrative stress.

Ready to Review Your Options?

At PK Finance, we pride ourselves on securing the most competitive terms for our clients, cutting through the jargon, and offering straightforward, tailored advice.

Don’t leave your largest monthly outgoing to chance. If your mortgage deal is expiring at any point in the next six months, get in touch today.