End of fixed-interest period

Is your mortgage fixed-rate period about to end? Then this is the perfect moment to review your mortgage carefully! At Crefin & Partners, we help you as mortgage advisors fully understand what the end of your fixed-rate period means and what options you have. Below, we clearly explain everything you need to know: what it is, what you can do, the advantages and disadvantages of each choice, and more. Feel free to schedule a free, no-obligation consultation to discover how you can adjust your mortgage in a smart way!

What Is the End of a Fixed-Rate Period?

The fixed-rate period is the time during which your mortgage interest rate is set, for example for 5, 10, or 20 years. When this period ends, your current rate expires and your bank offers you a new interest rate.This is an excellent moment to decide whether you accept your bank’s new rate, switch your mortgage to another lender, or choose options such as interest rate averaging.The end of your fixed-rate period can either lower or increase your monthly payments, depending on current market rates and the decision you make. At Crefin & Partners, we compare options from more than 35 banks to find the best solution for your situation. We explain everything clearly and in a structured way.

What Can You Do When Your Fixed-Rate Period Ends?

When your fixed-rate period ends, you generally have three main options:

• Accept the new interest rate from your current bank: the simplest option, but not always the cheapest.
• Switch to another bank: you move your mortgage to a lender with a lower rate. This may involve costs such as a penalty fee, valuation, and notary fees.
• Interest rate averaging: you combine your old interest rate with a new, lower market rate at the same bank, with the costs spread over time.

Our mortgage advisors calculate for free which option is most beneficial in your situation.

Advantages of Taking Action

The end of your fixed-rate period offers great opportunities:

• Potentially lower monthly payments if current market rates are more favourable
• More flexibility: you may adjust repayments, mortgage term, or conditions
• Better terms: switching lenders may allow improved mortgage conditions
• Retaining mortgage interest tax relief (if you meet the conditions)

At Crefin & Partners, we help you make the most of these opportunities.

Disadvantages of Not Taking Action

Without proper comparison, there are also risks:

• Higher monthly payments if your bank’s new rate is higher
• Missed savings opportunities by not switching to a cheaper lender
• Extra costs when refinancing, such as penalty fees, valuation, and notary costs
• A complex decision involving rates, conditions, and future financial plans

At Crefin & Partners, we carefully compare all options so you avoid surprises.

Who Should Pay Attention to This Moment?

The end of your fixed-rate period is especially important for:

• Homeowners whose fixed-rate period ends within 3 to 6 months
• People looking to reduce their monthly payments
• Home movers, renovators, or people with changing financial plans

Our mortgage advisors review your personal situation and help you make the best decision.

Costs at the End of the Fixed-Rate Period

If you simply accept your bank’s new rate, there are usually no additional costs. If you refinance, costs such as penalty fees, valuation, and notary fees may apply. Interest rate averaging typically only involves administrative costs. At Crefin & Partners, our advice comes at a fixed fee, which may be tax-deductible. Please see our rates page for details.

Why Choose Crefin & Partners?

At Crefin & Partners, we make the end of your fixed-rate period clear and manageable. As your mortgage advisor, we offer:

• Personal guidance tailored to your goals and situation
• Extensive comparison across more than 35 banks and lenders
• A free initial consultation
• Transparent, fixed advisory fees with no surprises

Frequently Asked Questions

When will I be notified that my fixed-rate period is ending?

Your bank usually sends a letter 3 to 6 months in advance. We help you take timely action.

Is refinancing always the best option?

Not necessarily. It depends on the costs versus the savings and your personal situation. We are happy to calculate this for you.

Can I change my mortgage type as well?

Yes, this is a good moment to switch, for example, to an annuity mortgage or adjust other conditions. We advise you on the best choice.

What does your advice cost?

The first consultation is always free. For full advice, we charge a fixed fee, which may be tax-deductible.

Get in Touch!

Is your fixed-rate period ending soon? Then schedule a free, no-obligation appointment with Crefin & Partners. Our mortgage advisors will help you find the best interest rate and the most favourable mortgage conditions together with you. Feel free to contact us and request your free consultation today!