Don’t Let Summer Disrupt Your Mortgage Renewal

With summer holidays, warm weather and the excitement of the World Cup, it’s easy to put important jobs to one side. But if your mortgage deal is coming to an end this year, delaying could end up costing you more than you realise.

Around 1.8 million mortgages are expected to reach the end of their current deal during 2026, meaning many homeowners will need to make decisions about what comes next. And if you’re anything like most people, reviewing your mortgage probably isn’t at the top of your summer to-do list.

Big financial decisions are often the easiest to put off. You tell yourself you’ll deal with it after your holiday or when life gets a little quieter. Before you know it, your current deal has ended, and you’ve automatically moved onto your lender’s Standard Variable Rate (SVR). In many cases, this means paying considerably more each month than you need to.

That’s why it’s importance to start planning early. Even if your current deal doesn’t end for another six months, reviewing your options now can give you more time, less stress and the reassurance that everything is in hand before your deadline arrives.

You don’t have to wait until the last minute. A quick review now could help you understand what your future payments might look like and ensure you’re ready well before your current rate expires. If your current deal is due to end within the next six to twelve months, get in touch today.

If you’d like to discuss the options available to you, contact your adviser.

‍