My Mortgage Deal is Ending What Do I Do?

Speak to your current mortgage lender

We always advise that you speak with your current lender first to check what new deal you will be offered, but also to check if there are any fees or charges to move your mortgage. This can be done with a simple phone call to get some indicative figures. Make sure you ask them not to carry out any credit checks.

⚠ Important:

If there has been a change in circumstances such as a new job, reduced income or further credit commitments taken out we always advise speaking to a mortgage broker first.

Don’t use mortgage rate comparison sites, use a free online mortgage broker

Why? Mortgage rate comparison sites don’t factor in a wide range of lender criteria. Therefore, they don’t offer a completely tailored mortgage recommendation based on your individual circumstances. They are very good at highlighting the best rates on the market such as the ‘Top Ten Best Deals’. However, these sites do not work out your full eligibility to obtain these deals.

In order to actually work out which mortgage rate you will be eligible for, a qualified and experienced online mortgage advisor will need to quickly assess your circumstances.

Our automated digital chatbot was programmed by mortgage advisors and will take about 5 minutes of your time asking the right questions to get you the best deal. Once we have your responses, we aim to send our customers a mortgage quote within 2 working hours.

Often, we are able to find a new deal that will be cheaper than your current lender. This is because we carry out our research on the whole of market.

➡ Get a personalised mortgage quote to replace your existing deal

Author: Ben, Glow Mortgage Advisor (CeMAP, BSc Hons)

First Published: 7th December 2017