See mortgage rates
as they drop
Set an alert and save money in the run-up to your next switch
Free to use – no hidden fees
Lender
HSBC
LIVE RATE EXAMPLE
Powered by Mortgage Metrics ⚡
Current rate
2 year Fixed • £0 product fee
5.04%
Secured rate
Last drop: 5th January 2026
3.94%
View rate history
How it works
Select your existing lender
Tell us who your mortgage is with and a few basics: your balance, property value, repayment type and remaining term. That’s all we need to get started – no credit checks, no commitments, and nothing you wouldn’t already know off the top of your head. We currently support 20 mainstream lenders.
See your rates and set an alert
We show you the live rates available through your existing lender, updated as the market moves. In the current climate, rates can change within hours – so having an accurate, up to date picture has never been more important. When you see the rate you want to monitor, simply set an alert and we’ll take it from there.
We’ll notify you when it drops
Once your alert is set, we watch your chosen rate continuously – same product type, same term, same fee structure. If that exact rate drops, we’ll notify you by email the following morning so you can act before the moment passes. Lenders won’t do this. Lots of brokers won’t either. We will.
Who we’ve worked with
A few common questions
How does the alert service work?
Once you’ve selected your lender and chosen the rate you want to monitor, simply set an alert and we’ll take it from there. If your lender reduces the price of that specific rate, we’ll catch it and notify you by email the following morning.
Lenders can update their rates at any point up until 5pm on any given day, so we wait until new pricing is confirmed before sending alerts – that way you’re always acting on accurate, settled information.
If you’re inside your switch window but haven’t secured a rate yet, the first step is to do that as soon as possible – either through your existing broker or directly with your lender. Once secured, your rate is locked in and protected against any rises in almost all cases.
But securing a rate doesn’t mean you’re stuck with it. Your lender allows it to be amended to a lower equivalent any number of times before your switch date, which is exactly what makes this service so valuable in a falling market.
What is a switch window?
A switch window is the period before your current mortgage rate ends during which your lender allows you to secure a new deal.
Most lenders currently operate a window of three to four months, meaning you can lock in a new rate up to four months before your existing one expires. You can find out more about your specific lender’s switch window inside the app.
What if my lender isn’t supported?
We currently support 20 mainstream lenders, covering the vast majority of UK residential and buy to let mortgages. If yours isn’t on the list, we’re sorry we can’t help right now – but we are adding lenders on an ongoing basis.
Why does RateSwitch only show rates from my existing lender?
Switching to a new deal with your existing lender is usually the fastest, simplest and lowest-risk option. There’s no credit check, no affordability assessment and limited paperwork – and you can secure a rate months before your renewal date.
For most homeowners, it’s the path of least resistance and the one that makes the most sense. For now, RateSwitch focuses exclusively on this route – keeping the service as simple and accessible as possible for as many people as we can help.
Do you monitor rate drops for remortgage or purchase applications?
Not currently – this tool has been built specifically for product transfers (switching to a new deal with your existing lender), which is a different process to a remortgage or a purchase application.
A remortgage involves moving your mortgage to a different lender entirely, which requires a full application, credit checks and affordability assessment. A product transfer with your existing lender involves none of that – which is exactly why we can monitor it so efficiently and make this service available for free.
If you’re in the process of a remortgage or purchase and you’d like your broker to monitor rate drops on your behalf, ask them about Mortgage Metrics – the platform that powers RateSwitch, used by brokers across the country to do exactly that for their clients.
What if I’ve already secured a rate and can’t see it in the app?
Because our rates are live, it’s possible that the rate you secured whether through your existing broker or directly with your lender – was available at a lower level than what’s showing now. That’s actually a good sign: it means you secured at the right time.
For situations like this, we have a ‘set secured rate’ feature. Rather than monitoring from the current rate downwards, you simply enter the rate you’ve already secured and we’ll notify you only if it drops below that level.
What if my mortgage has more than one part?
Some mortgages are split into separate parts – sometimes called sub accounts – each with their own rate and end date. This is common if you’ve taken additional borrowing on top of your original mortgage, or if you’ve moved home and continued your mortgage relationship with the same lender.
If that’s the case, simply set an alert against the part that’s coming up for renewal – using the balance, remaining term and rate that applies to that specific part. Each part of your mortgage can be monitored separately when its own renewal date approaches.
Why do lenders reprice their mortgage rates – and how often does it happen?
Lenders price their fixed-rate deals around something called swap rates – market indicators of where interest rates are expected to go. When these move, mortgage pricing tends to follow quickly, sometimes within hours.
This is why rates can rise sharply even when the Bank of England hasn’t changed the base rate – as we’ve seen recently, with the escalating conflict in the Middle East sending swap rates sharply higher and triggering a wave of rapid repricing across the market.
There’s no fixed schedule – lenders can change rates at any time, sometimes overnight and with very little notice. In volatile periods, deals can appear and disappear within a single day.
My rate isn’t up for renewal for a while – is it too soon to get started?
Not at all – in fact, the earlier you set up an alert, the better. Setting up an alert now means we can notify you the moment your switch window opens – so you’re ready to act straight away.
It’s also worth knowing that switch windows can change. Most lenders currently operate a three to four month window, but this has shifted before. During the mortgage market turbulence of 2023, six month windows became standard almost overnight.
If lenders extend their windows again – which is possible given current market conditions – we can notify you.
Does it matter how I’ve secured my rate – through my existing broker or directly with my lender?
Not at all – the alert service works the same way regardless of which route you’ve taken. The rates we monitor are broker rates, and in the vast majority of cases these are identical to the rates available directly.
Occasionally there can be a small difference either way, but in our experience any rate reduction will almost always be applied across both channels simultaneously – so if we alert you to a drop, you can be confident the reduction should be available to you whichever route you’re using.
How many alerts can I set?
Just one – and that’s by design. Because each homeowner can only have one rate secured at any given time, a single alert is all you need. We offer this service completely free of charge, with no hidden fees of any kind – and to keep it that way for everyone, we simply ask that each user limits themselves to one alert at a time.
Why do you need my email address and phone number?
We’ll send your rate alerts by email – so that’s the most important one. We also collect your phone number so that when we introduce WhatsApp alerts in the near future, you’ll benefit automatically without needing to re-register. Given how quickly rates can move right now, we want to make sure you don’t miss anything when that feature goes live.