08/10/2026
Mortgage rates are back in the headlines, and not for a happy reason.
According to recent reporting, average UK mortgage rates have climbed to a three-year high, driven by swap rate movements and wider market volatility.
If you're due to remortgage in the next 12 months, or you've been quietly ignoring the fact that your fixed rate ends soon, this is a good moment to pay attention.
Here's the honest take.
Rates going up doesn't automatically mean you're stuck with a bad deal. It means the decisions you make around timing, lender, and product type matter more than usual. Doing nothing is often the most expensive move, especially if you end up rolling onto a Standard Variable Rate when your fix ends.
A few things worth doing right now:
Diarise the end date of your current fixed rate. Not a vague "sometime next year," the actual date.
Start looking at your options 6 months before it ends. Most lenders let you secure a new rate that far in advance. If rates drop in that window, you can switch. If they rise, you're locked in at the lower one.
Don't rely on your bank's product transfer offer alone. It might be the right one. It might not. Comparing it to the wider market is the only way to know.
If you'd like a proper look at where you stand, drop us a message. There's no cost to finding out your options.
weareyomo.co.uk
Source: article referenced via MSN Money.
Please note: This post is for information purposes only and does not constitute financial advice. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. There may be a fee for mortgage advice. The precise amount will depend upon your circumstances. Yomo Finance Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority.
