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Get prepared now for a big remortgage opportunity in 2025!

In 2025, there is a massive remortgage opportunity. We recommend speaking to a broker six months out to see how you can get organised before your fixed-rate mortgage comes to an end. 

Are you one of the 1.8 million mortgage borrowers coming to the end of their fixed-rate mortgages over the next twelve months? Whether you’ve been on a two-year or five-year fixed-rate deal, things might look very different financially, as we’ve had a lot of change! 

Whether you are looking at lower repayments (after a two-year fixed rate) or higher payments (after a five-year fixed rate), get in touch as soon as possible so we can spend some time finding the best deal for you before your current contract ends.

As the Bank Base Rate starts to fall, affordability gradually improves with more opportunities for borrowers to save money by switching lenders.

For example, those coming off higher rates may maintain the same monthly payments while reducing their mortgage term. Saving thousands in future interest payments. Or you might be able to lower your monthly payments but use some of the newly available funds to pay for more protection, start saving into an ISA, or pay more into a pension. 

Mortgage rates dropped in 2024, with two cuts in the Bank of England base rate helping to make borrowing somewhat more affordable. However, rates remain much higher than a few years ago. The average rate on a two-year fix fell from 5.93% to 5.62% throughout 2024. Borrowers may see more drops in the new year. The base rate, currently 4.75%, is projected to fall to around 4% by the end of 2025. Resulting in the cheapest two-year fixes, falling from the current rate of 4.2% to around 3.5%.

Recent Bank of England data shows that more than four million people will need to remortgage to a higher rate by the end of 2027. Chatting with a mortgage broker can help assess your options to ensure you get the best deal when remortgaging. If you're struggling to pay your mortgage, contact your lender as soon as possible to discuss what support is available. 

Chat with us to see how we can help you remortgage in 2025!

SPEAK TO AN ADVISER

Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

 

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Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

@ 2020 by Fairview Financial

Our Fees        

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.


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