When does my fixed rate end (and what happens next)?

If you're on a fixed-rate mortgage, your rate is only fixed for a set period — commonly two, three or five years. Knowing exactly when that period ends is one of the most useful things you can do as a homeowner, because the months leading up to it are when you have the most options.

How to find your end date

Your fixed-rate end date is on your original mortgage offer and usually in your lender's online account or app. It's typically written as a specific date (for example, "fixed until 31 January 2027"). If you can't find it, your lender can tell you over the phone or in writing.

What happens when it ends

Unless you arrange a new deal, you'll usually move onto your lender's standard variable rate (SVR). The SVR is set by the lender, can change at any time, and is often noticeably higher than the fixed rates available on the market. Moving onto it can mean a jump in your monthly payment, sometimes a large one.

Why the run-up matters

Many lenders let you line up a new deal a few months before your current one ends — often up to six months ahead — without paying an early repayment charge. That window is valuable:

• You can secure a new rate and let it start the day your fix ends.
• If rates fall further before then, you can often switch to the newer, lower rate.
• You avoid accidentally slipping onto the SVR through inaction.

What to do next

Put your end date in your calendar with a reminder about six months before. Then keep an eye on where rates are heading so you're not starting from scratch when the time comes. That's exactly what a rate alert is for — we watch the market and tell you when a rate matching your situation appears.

This is general information, not mortgage advice. Your options depend on your circumstances, and rates can change; always confirm the details with your lender or a qualified adviser.