When your fixed rate ends you do not have to simply accept whatever your current lender offers. We will search the market and make sure you are on the best possible deal for your circumstances.
Most mortgage deals last between two and five years. When the fixed or tracker period ends, you typically move onto your lender's standard variable rate, which is almost always higher. That is the moment to act. But there are other reasons to review your mortgage too, even if your deal has not ended yet.
We will review your options up to six months before your current deal expires, so you never slip onto a standard variable rate by accident. We handle everything so there is nothing for you to chase.
If rates have moved significantly since you took out your mortgage, it may be worth reviewing whether an early remortgage even with an early repayment charge could save you money overall.
A higher property value means a lower loan to value ratio, which can open up access to better rates. If your home has gone up significantly in value, it is worth reviewing what you could now qualify for.
If you are looking to extend, renovate or improve your home, remortgaging to release equity can be an effective and cost efficient way to fund the work.
If you have moved up a band or received a significant pay increase since your original mortgage, a remortgage review could show that you qualify for a better deal based on your improved affordability position.
Your current lender will typically offer you a product transfer when your deal ends, which means moving to a new rate with them without a full application. This is quick and simple, but it does not guarantee you are getting the best rate available. We will compare your lender's offer against the broader market and give you an honest assessment of where you stand.
A straightforward remortgage where there are no complications typically completes within four to eight weeks. We will give you a realistic timeline from the outset and keep you updated throughout so there are no surprises and no gaps in cover between your deals.
"My fixed rate was ending and I had no idea where to start. Elaine took over completely reviewed everything, found a much better deal than my current lender had offered and handled all the paperwork. I did not have to do anything except sign."
If you are looking for a hassel free process with your mortgage, I would highly recommend you use Penguin Mortgages. Elaine made things simple by dealing with the application and getting me the best deal for my need. 5-star.
26 May 2025
Excellent and seamless experience with Elaine. She is very professional and supportive, tons of communication and support is present from her end. She has explained me every bit of the process and managed everything for me. I highly recommend her to anyone who is looking to get a mortgage.
23 January 2025
Elaine made my mortgage experience a truly seamless one. Her expertise and guidance made the entire process incredibly smooth. She was always available to answer questions (even via WhatsApp). I felt supported and informed every step of the way. I highly recommend Penguin Mortgages.
11 January 2025
Elaine was incredibly helpful and patient throughout our journey as first-time homebuyers. She made the mortgage process seamless by addressing our numerous questions with professionalism and clarity. Her consistent updates and prompt responses kept us informed every step of the way. We couldn’t have asked for a better experience. Highly recommend Elaine for her outstanding service!
24 December 2024
I could not recommend Elaine at Penguin mortgages enough. Elaine has been fantastic throughout and worked thoroughly through all options available to me.
5 December 2024
