See mortgage rates
as they drop
Set alerts 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 current 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 how they compare
We show you the rates available through your existing lender, alongside the three lowest rates available elsewhere – all monitored in real time as the market moves, so you always have an accurate picture before making any decisions. When you’re ready, simply set an alert against your chosen rate.
We secure and manage your rate
Once you’re inside your lender’s switch window, we secure your chosen rate on your behalf – and keep watching. If that exact rate drops, we resecure it at the lower level – and we’ll do this as many times as needed before your switch completes. Lenders won’t do this. Lots of brokers won’t either. We do.
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. We monitor that exact rate – same product type, same fixed term, same fee structure – so if your lender reduces the price of that specific deal, we’ll catch it. We 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.
Lenders won’t notify you when this happens. Lots of brokers won’t either. We will.
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, and we’ll notify you immediately if it drops.
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 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 0 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 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.
Every lender has a switch window: the period before your renewal date during which you can secure a new rate. Setting up an alert now means we can notify you the moment your window opens. You can find out more about how switch windows work inside the app.
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 – you’ll benefit automatically, because we can notify you as soon as you’re eligible.
Does it matter whether I’ve secured my rate directly with my lender or through a broker?
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.