Should I Fix My Mortgage Rate Now or Wait?
- emily5888
- Oct 2
- 2 min read
By Emily Stonehill – Mortgage Adviser in Surrey | Model Financial Solutions
It’s the question I’m asked every week:
“Should I fix my mortgage rate now, or wait and see if rates fall?”
With mortgage rates regularly moving in 2025, timing your next deal can make a big difference to your monthly payments. The truth is there’s no one-size-fits-all answer, but there is a smart way to decide.
At Model Financial Solutions, we help homeowners across Surrey and the UK review their options, compare lenders, and choose the right time to act so you can fix with confidence.
Fix Now or Wait? The Key Factors
Fix Now If:
Your current deal ends within the next 6 months
You want payment certainty amid rate volatility
You’d like to lock in today’s rate and switch later if it improves
You value peace of mind over short-term speculation
💡 Model Financials’ Tip: Most lenders let you secure a new deal 6 months in advance, and change it if rates drop before completion giving you flexibility and security.
Consider Waiting If:
Your deal ends more than 6–9 months away
You’re comfortable watching rate trends
You have access to expert monitoring (we do this for you)
How Model Financial Solutions can help you
When you work with Model Financial Solutions, you don’t have to guess the right time to fix, we’ll track rates for you.
Here’s what we do:
Source the best mortgage for your circumstances
Timeline planning based on your current deal
Rate monitoring, if a better rate appears, we’ll switch you before completion
Paperwork & applications handled for you
Regular updates so you always know where you stand
You get expert advice, stress-free switching, and the reassurance that your mortgage is being actively managed.
Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
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