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What happens when my mortgage product comes to an end?
What happens when my mortgage product comes to an end?

Find out about product switching and remortgaging.

Alison avatar
Written by Alison
Updated over a week ago

Your fixed initial interest rate will expire at the end of your fixed rate period.

After expiry, your initial interest rate will move onto the Gen H Base Rate Tracker. This will result in your monthly payment changing.

In preparation for your fixed rate coming to an end, you can lock in a new initial interest rate up to 180 days in advance. You won’t have any early repayment charges if the product switch takes place once your current fixed rate expires.

Please note we require you to lock in your product switch at least 5 working days before the end of your fixed term product expiry.

Please contact us if you would like to switch your rate before your current fixed rate expires.

If you do not require mortgage advice on your rate switch you will not undergo an income and expenditure review or credit search and are not required to submit personal documentation. If you would like a recommendation from a Mortgage Advisor a full assessment is required.

Should you wish to make any changes to your mortgage, such as the term, amount you wish to borrow, add or remove an applicant for example, a new application is required.

If the mortgage is in joint names, the new initial interest rate product will only be applied once all parties have accepted the Mortgage Rate Switch Offer Document and when any associated fees are paid. You will be able to add the product fee to your mortgage in some instances.

If you have any questions, reach out to our team via email or live chat.

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