Good times to look
- A few months before your fixed deal ends, to avoid the standard variable rate.
- When your home has risen in value, improving your loan-to-value.
- When you want to borrow more or change the term.
Costs to weigh
Factor in early repayment charges if you are still in a deal, plus any arrangement and valuation fees, against the interest you would save.
Frequently asked questions
How early can I lock a new rate?+
Many lenders let you secure a rate several months ahead, so you can line one up before your current deal ends.