Quick Links:
Quoted in the Daily Mirror on 7 September 2026.
Usually, yes. Many lenders let you secure a new rate months before your current deal ends, and if rates fall before the new deal starts, many will let you move to a lower one. What you can’t do is go back for a rate once a lender has withdrawn it.
Many lenders let you secure a new rate months before your current deal ends.
If rates fall before the new deal starts, many will let you switch to a lower one.
Once a lender withdraws a rate, you can't go back for it.
What I told the Daily Mirror
“Most lenders let you switch if something better turns up, but you can’t reclaim a rate once it’s gone.”
Read the full article in the Daily Mirror.
What should you check before securing a rate early?
Check when your current deal ends and whether leaving before then triggers an early repayment charge. Look at whether the new deal has a product fee and when it’s paid, and whether a product transfer with your current lender or a remortgage to a new one suits you better.
Is it better to wait for rates to fall?
Nobody can tell you where rates go next, and I won’t try. Securing a rate early and reviewing it before it starts is one option. The right approach depends on your deal, your charges and your plans, and that’s what an appointment is for.
More on remortgaging, product transfer vs remortgage, early repayment charges and the latest UK mortgage rate news.
Need Personal Mortgage Advice?
Every buyer’s situation is different. While this guide explains the general rules, the right mortgage for you depends on your income, deposit, credit history and future plans. If you’d like tailored advice, I can help, with 120+ lenders to choose from.
