Homeowners urged to act early as market shifts push mortgage pricing higher
Published on 17th September 2026
Mortgage borrowers encouraged to review rates as lenders respond to market changes.
Homeowners approaching the end of a fixed-rate mortgage may benefit from reviewing their options early, as changing financial market conditions put renewed pressure on mortgage pricing.
Recent movements in the financial markets have contributed to changes in the cost of funding fixed-rate mortgages, with some lenders beginning to adjust their rates. For borrowers with a remortgage approaching, this reinforces the importance of understanding what is available and allowing sufficient time to make an informed decision.
Rather than waiting until a current mortgage deal expires, homeowners can start reviewing their options in advance and consider whether securing a new rate is appropriate for their circumstances.
David Tindall, Head of Mortgages at Gateway Financial Advisors, explains:
“The message to borrowers is simple: don’t leave it until the last minute.
We are seeing movement in the market and lenders can change their pricing very quickly. If you have a remortgage coming up, now is the time to look at your options and, where appropriate, secure a fixed rate that gives you certainty.
Nobody has a crystal ball when it comes to mortgage rates. However, if you can secure a rate today that works for you, there is considerable value in protecting yourself against the possibility of further increases.”
So, what does this mean if your current mortgage deal is coming to an end? David explains why acting early can give you more options and what borrowers should consider before making their next move.
Why reviewing your mortgage early can help
The rates offered on fixed mortgages are influenced by a number of factors, including swap rates and lenders’ funding costs. As a result, mortgage pricing can change even when the Bank of England base rate remains unchanged.
For homeowners approaching the end of a fixed-rate period, reviewing the market ahead of time can therefore provide greater flexibility and reduce the pressure of deciding close to the end of their existing deal.
Importantly, considering a rate early does not necessarily mean committing immediately.
David continues:
“One of the biggest misconceptions is that securing a rate means you are locked into that rate regardless of what happens next.
In many circumstances, there is still an opportunity to review the market before completion. So why take the risk of waiting and potentially finding that rates have moved higher?
Our advice is to get ahead of the market. Secure your position, then keep your options open.”
The potential impact of changing rates will vary considerably between borrowers. For homeowners with larger mortgage balances, even a relatively small difference in the interest rate can affect monthly repayments and the overall cost of borrowing.
Planning ahead, rather than reacting later
There is no certainty about how mortgage rates will develop over the coming months. Market conditions can change, and borrowers should consider their own circumstances, affordability and the options available to them before making a decision.
For homeowners, the priority should be preparation rather than panic. Starting the process early provides more time to understand the available options and seek appropriate advice.
David adds:
“The aim is to be prepared, not alarmed.
Your mortgage is one of the biggest financial commitments you are likely to have. If your fixed rate is coming to an end, speak to us now, understand what is available and give yourself the opportunity to secure a competitive deal.
If rates improve, we can look at the options again. But if they move higher, you will be glad you didn’t leave it until the last minute.”
For anyone with a remortgage approaching, the most sensible first step is to start the conversation early. Understanding your options does not mean you have to make an immediate decision, but it does give you more time to assess what is right for you.
Is your mortgage deal coming to an end?
If your current mortgage deal is due to end in the next 12 month, speaking to our Mortgage Advice team early can help you understand the options available and prepare for your next mortgage.
As an existing Gateway customer, you can access FREE mortgage advice through Gateway Financial Advisors, giving you the opportunity to discuss your circumstances and explore suitable mortgage options without an advice fee.
Speak to Gateway Financial Advisors today and get ahead of your mortgage renewal. Call us on 01702 443 549, email contact@gatewayfinancialadvisors.co.uk, or visit our website using the button below.
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Your home may be repossessed if you do not keep up repayments on your mortgage. Gateway Financial Advisors Limited, trading as Gateway Financial Advisors, is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority.
FAQs
Fixed vs Variable Mortgage Options
What is the difference between fixed and variable mortgage rates?
A fixed rate stays the same for an agreed period, while a variable rate can rise or fall. The right option will depend on your circumstances, affordability and priorities.
Local Housing and Mortgage Market Insights
How can local property market conditions affect my mortgage options?
Local property values, lending requirements and your individual circumstances can all influence the mortgage options available. Our mortgage advisers can help you understand what is suitable for you.
Mortgage Application Process
What is involved in a mortgage application?
Our Mortgage Advisors will guide you through each stage, from preparing your documents and completing the application to understanding the costs and next steps.
Specialist Borrower Situations
Can Gateway help with specialist mortgage circumstances?
Yes. Our Mortgage Advisors can help first-time buyers, self-employed applicants, company directors and buy-to-let clients understand the mortgage options available for their individual circumstances.
Value of Professional Mortgage Advice
Why use a professional mortgage adviser?
Provide whole-of-market advice, helping you understand suitable mortgage products and supporting you through the process from application to completion. Our advice is fee-free and tailored to your individual circumstances