top of page
  • Writer's pictureThe Cedar Crest Team

Should I secure my mortgage now?

Updated: Mar 7, 2023

Protecting yourself against any further potential increases in interest rates



Securing your mortgage now could mean that you benefit from lower interest rates, helping to reduce the cost of your monthly payments. If interest rates continue to rise, locking in a secure rate now could mean significant savings for you and your family on monthly payments.

At this time, when there is uncertainty about future economic conditions, it’s important to take advantage of the current market and protect yourself against any further potential increases in interest rates.


If you’re coming to the end of your current fixed rate mortgage, now is the time to start looking into fixing a new deal in advance. If interest rise during this period, then you will have already secured your rate and won’t need to worry about any impending further rate hikes.


Most mortgage offers are valid for six months, so it is important to make sure you are aware of the time frame when considering switching to a new deal. In addition, it’s important to take into account any early repayment charges (ERC) when switching to a new deal as this could have an effect on your budget.


If you don’t do anything then your mortgage will go onto your lender’s Standard Variable Rate (SVR). This means your mortgage payments could go up or down, but in the current economic climate they are more likely to increase. Don’t miss out on the opportunity to save money and discuss with us how securing a mortgage now may be beneficial for your particular situation.



Choosing a mortgage is a big financial decision. Our team of experienced mortgage advisers are here to help guide you through the process with tailored advice based on your individual needs and circumstances. Contact us today to find out more. Contact Cedar Crest Ltd – telephone UK T: +44 (0) 203 883 1017, HK T: +852 6645 4462 – email

Your home may be repossessed if you do not keep up with payments.

51 views0 comments


bottom of page