What Happens If My Mortgage Deal Ends in 2025?
If your fixed-rate mortgage deal is coming to an end this year, you might be wondering what to do next — or even worrying about how much more you’ll have to pay.
Don’t panic.
In this blog, we explain what happens when your mortgage deal ends in 2025 — and what you can do about it.
What Does It Mean When a Mortgage Deal Ends?
When your fixed-rate (or tracker) deal ends, your mortgage doesn’t stop — it just switches to your lender’s Standard Variable Rate (SVR).
The SVR is usually much higher than your current rate, which means your monthly payments could jump up if you don’t act.
What Can I Do About It?
You have a few options:
Remortgage to a New Deal
You can switch to a new fixed or tracker deal, either with your current lender or a new one. This is usually the best way to keep your payments down.
Product Transfer
Stay with your current lender but switch to one of their new deals. It’s usually quicker and might not need full checks — but the deal might not be the best on the market.
Let It Roll onto SVR (Not Ideal!)
If you do nothing, you’ll go onto the SVR. This is almost always more expensive and can change at any time.
When Should I Start Looking?
Six months before your deal ends is the sweet spot. That gives us time to:
- Check what your current lender is offering
- Compare other lenders across the market
- Lock in a deal in advance — and avoid the SVR shock
What If My Circumstances Have Changed?
Don’t worry — we help people every day who’ve had changes in income, jobs, credit, or lifestyle. It might take a bit more planning, but there are often still good options available.
We’ll guide you through everything and explain your choices in plain English.
Don’t Let Your Deal Expire Without a Plan
At The Mortgage Lodge, we’ll help you stay in control of your mortgage and avoid any payment surprises.
Whether your deal ends in a month or six months, now’s the time to check your options.
Send us a message or give us a ring — we’ll help you find your next step.