Fixed rate ending? Switch and save.
Don't drift onto your lender's standard variable rate. We check 100+ lenders to find you a better deal, at up to 50% lower broker fees. Your Loan.co.uk adviser handles the switch from start to finish.
Your rate comparison
Potential monthly savings
£324/monthWhat does switching your mortgage deal mean?
When your fixed-rate, tracker, or discount mortgage term ends, your lender moves you onto their Standard Variable Rate (SVR). SVR rates are almost always higher, sometimes significantly so, and they change without notice.
Switching your mortgage deal means moving to a new rate before that happens. You can switch with your existing lender (a product transfer) or move to a better deal with a different lender (a remortgage).
Either way, the goal is the same: lock in a lower rate and cut your monthly payments. Albot checks both options across 100+ lenders so you can see exactly what's available for your situation.
Most people switch when their current deal ends, but you can also switch early if the savings outweigh any early repayment charges on your existing deal.
Think about this: Moving off your lender's SVR to a new fixed deal could save you hundreds per month. Most people switch in under three weeks, and Albot checks 100+ lenders to find your best option.
Mortgage switching is regulated by the Financial Conduct Authority (FCA). Applications are handled by qualified advisers who are authorised and regulated by the FCA, so you're protected by strict rules on fair treatment, clear information, and responsible lending.
What happens at the end of your deal
The typical mortgage journey
Your fixed deal ends
Your lender moves you to their SVR, typically 7–9%. Your payments jump.
Albot finds your options
We check 100+ lenders for your best available rate in 90 seconds, no credit impact.
You switch and save
Your adviser handles everything. Most switches complete within 2–3 weeks.
Switching at the right time could mean
The most common reasons to switch your mortgage deal
Deal ending? Circumstances changed? Spotted a better rate? Switching could save you significant money.
Fixed deal ending soon
Your 2, 3, or 5-year fix is coming to an end and you want to lock in a new rate before the lender moves you onto their SVR.
Get my free quoteAlready on SVR
You rolled onto your lender's standard variable rate and are paying more than you need to. Switching now could cut your monthly payments immediately.
Get my free quoteProperty value has risen
Your home is worth more than when you bought it, giving you a lower loan-to-value (LTV). Better LTV brackets unlock better rates.
Get my free quoteRaise extra funds
Switch to a new deal and release equity at the same time for home improvements, a deposit on another property, or other major costs.
Get my free quoteChange in circumstances
New job, higher income, or a change in family situation. Your finances may now qualify you for a more competitive rate than when you first took your mortgage.
Get my free quoteRates have moved
Market rates have dropped since you took your deal. Even if you're mid-fix, it's worth checking whether the savings outweigh any early repayment charges.
Get my free quoteOther situations where switching makes sense:
Why switching your mortgage deal is worth it
For most homeowners, switching at the right time is one of the most impactful financial moves you can make. Here's why.
Avoid the SVR penalty
Standard Variable Rates are typically 2–4% higher than the best available fixed deals. Switching at the right moment stops you overpaying from day one of your new term.
Lower monthly payments
A rate reduction of even 1% on a £200,000 mortgage saves around £100–£150 per month. Over a 5-year fix, that's £6,000–£9,000 back in your pocket.
Lock in certainty
A new fixed-rate deal gives you predictable payments for 2, 3, or 5 years. No surprises when interest rates change. You know exactly what you'll pay each month.
Access more equity
If your property has risen in value or you've paid down significant capital, switching opens access to better LTV brackets and the lower rates that come with them.
Raise funds without a separate loan
Switch and release equity in one move. No need for a separate second charge mortgage or personal loan. Your new deal does both.
More competitive lender options
You're not locked into your existing lender. Switching to a new lender often means better rates, more flexible terms, and features your current deal doesn't offer, such as overpayment allowances.
Three steps to a better mortgage rate
From first check to new deal: here's what happens when you use Albot.
Quick questions
Tell us about your mortgage, property value, and what you're looking for. Takes 90 seconds.
⏱ 90 secondsSee your options
Albot checks 100+ lenders and shows you the best available deals for your loan-to-value and circumstances.
⚡ Instant resultsAdviser handles the switch
A qualified mortgage adviser reviews the best deal with you and manages the full application through to completion.
👤 FCA regulatedThe smarter way to switch your mortgage
We combine speed and expert advice to get you the right deal, at up to 50% lower broker fees.
Whole-of-market search
We check 100+ lenders in seconds, including deals not available directly from lenders. You see the full picture instantly.
Up to 50% lower fees
Our technology cuts the cost of advice. You get a qualified FCA-regulated adviser at a fraction of what high-street brokers charge.
Total transparency
All costs, including our fees, shown upfront before you commit. No surprises, no hidden charges.
No credit footprint
Checking your options uses a soft search, so it won't show on your credit file or be visible to other lenders. Zero risk to your score.
Common questions about switching your mortgage
Everything you need to know before you switch.
When is the best time to switch my mortgage?
Ideally 3–6 months before your current deal ends. This gives you time to find the best rate and secure it without any gap. Many lenders let you lock in a new rate in advance. If you're already on your lender's SVR, the best time to switch is now.
What's the difference between a product transfer and a remortgage?
A product transfer means switching to a new deal with your existing lender. It's usually quicker and involves less paperwork, but you're limited to that lender's rates. A remortgage means moving to a new lender for a better deal. Albot checks both options so you can compare and choose the most competitive.
Can I switch mortgage if I have early repayment charges?
Yes, but you need to weigh the charges against the savings. Early repayment charges (ERCs) are typically 1–5% of your outstanding balance. Your adviser will calculate whether switching early saves money overall. If the savings exceed the charges, it can still make financial sense to switch before your deal ends.
Will switching my mortgage affect my credit score?
Checking your options with Albot uses a soft search only, so there's no credit impact. If you proceed with a full application, lenders will carry out a hard credit check, which will show on your file. This is standard and has only a minor, temporary effect. Your adviser will explain exactly what's involved before anything is submitted.
How long does it take to switch my mortgage?
A product transfer with your existing lender can complete in a few days. Switching to a new lender (remortgage) typically takes 2–4 weeks and involves a valuation and legal work. Starting 3–6 months early means you can secure a rate now and have everything in place before your current deal ends.
Can I borrow more when I switch?
Yes. If you have sufficient equity in your property, you can switch to a new deal and release additional funds at the same time. This is often used for home improvements, debt consolidation, or other significant costs. Your adviser will confirm what's available based on your property value, outstanding balance, and income.
What if my circumstances have changed since I took my mortgage?
Changed circumstances (such as a new job, higher income, divorce, or credit issues) are very common when switching. Your adviser will assess your current situation and find lenders whose criteria match. Some specialist lenders are more flexible than high-street banks. It's always worth checking what's available.
See your best rate in 90 seconds
No credit impact. No commitment. Just a clear picture of what you could be paying instead.
Get my free quoteRepresentative Example (Residential Remortgage)
If you remortgage £150,000 over 20 years on a fixed rate of 4.89% for 2 years, reverting to a variable rate of 7.49% for the remaining 18 years, your initial monthly payment would be £976.32, increasing to £1,178.46 after the fixed period. The total amount payable would be £262,872 including a lender arrangement fee of £999 and a broker fee of £995. The overall cost for comparison is 7.1% APRC representative. This means 51% or more of customers receive this rate or better for this type of product. Your actual rate may vary based on your circumstances and the lender's assessment.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Albot is an introducer and technology platform, not a lender and not a broker. Applications may be passed to a regulated mortgage adviser who is authorised and regulated by the Financial Conduct Authority. Rates are subject to status, affordability checks and lender criteria. The rate you are offered may differ from the representative example shown.