When is the best time to remortgage?

Navigating the UK mortgage market can feel overwhelming, especially with rates fluctuating and the looming risk of ending up on your lender’s costly Standard Variable Rate (SVR) if you put it off too long.

But what if there were a way to simplify the process, secure a great deal, and achieve peace of mind? With the Mortgage Rate Monitoring Service from Freelancer Financials, you can do just that.

Why timing your remortgage matters

When your current fixed-term mortgage deal is 6 months from its end, it’s time to act. Leaving it too late could mean being automatically shifted onto your lender’s Standard Variable Rate (SVR), which is often significantly higher than other available options. Yet rushing into a new deal might not secure the best rate. The challenge lies in balancing these risks, but with Freelancer Financials, you don’t can have the best of both worlds.

The Freelancer Financials Rate Monitoring Service

is a free, innovative solution designed to ensure you get the best possible outcome, even in an unpredictable market. And for an easy-to-understand explanation of how the service works, be sure to watch their helpful video here:

How Freelancer Financials makes remortgaging stress-free

Freelancer Financials takes the guesswork out of remortgaging with a unique, three-step approach:

1. Secure a competitive rate early

Up to six months before your deal expires, Freelancer Financials begins monitoring the market. They lock in a competitive rate as a safety net to protect you from sudden rate hikes. This means you’re not left vulnerable if rates climb unexpectedly.

2. Benefit if rates drop

Unlike traditional methods, the Rate Monitoring Service doesn’t stop once a deal is secured. If better rates emerge during the process, you can be seamlessly switched to the lower rate—even up to two weeks before your current mortgage ends. This “win-win” strategy ensures you’re always on the best deal for your unique circumstances.

3. Explore a tracker rate mortgage as an interim option

For homeowners looking for flexibility during uncertain times, a tracker mortgage could offer a smart alternative. Unlike fixed-rate deals, tracker mortgages often have no early repayment charges, allowing you to switch to a better fixed deal when the timing feels right. In many cases, tracker rates are significantly lower than a lender’s SVR, making them an appealing interim option. This option is ideal for those who want to avoid long-term commitments until rates stabilise.

The advantages of the rate monitoring service

Here’s why the Rate Monitoring Service is an invaluable tool for homeowners:

No extra cost: The service is completely free.
Maximised savings: Enjoy the lowest possible rate within a six-month window.
Peace of mind: Protection from rate increases and the flexibility to capitalise on drops.
Proactive updates: Continuous tracking and timely alerts on market movements.
Tailored guidance: Expert advice customized to your financial situation.

Freelancer Financials will help you decide the right time to commit to a fixed-term deal. Their expert brokers can offer impartial advice – you will be shielded from the financial impact of SVRs but also poised to capitalise on improvements on mortgage rates as and when they arise.

Expertise tailored to your circumstances

Freelancer Financials specialises in securing mortgages for the flexible workforce: contractors, umbrella company employees, CIS and every kind of self-employment. In short, they understand the unique challenges of these non-traditional income profiles. As genuinely independent brokers, they have access to every mortgage from every UK lender. This broad perspective ensures their clients receive impartial advice tailored to their specific needs.

For some, this might involve briefly moving onto a tracker mortgage as an interim step before locking into a fixed rate. Whatever the case, the team at Freelancer Financials prioritises your individual circumstances to deliver the best possible outcome.

Don’t leave it too late

The best time to act is early—ideally six months before your current deal ends. With rates unlikely to return to the historic lows of recent years, securing a plan for your next mortgage is more crucial than ever. The sooner you act, the sooner you can stabilise your budget and eliminate the uncertainty of market fluctuations.

Take the next step now

For contractors and freelancers, remortgaging can be more complicated than for traditional employees, but with Freelancer Financials’ expertise, it doesn’t have to be. Their Mortgage Rate Monitoring Service ensures simplicity, savings, and confidence in your financial future.

Don’t wait for rates to drop back to 2%, that’s not going to happen. Watch the Freelancer Financials video ) to learn how their unique service works and take control of your remortgaging decisions today.

Then visit their website

) to register for the Rate Monitoring Service and let their experts guide you every step of the way.

Don’t just hope for the best—make sure of it.