How RateSwitch Works

Most lenders allow brokers to secure a new rate for their mortgage clients up to several months ahead of a renewal date. Once secured, that rate is locked in so if your lender increases their pricing after that point, you’re not affected. You keep the rate you secured, regardless of what happens in the market.


Importantly, you’re under no obligation to proceed with the rate you’ve secured. It can be changed or cancelled at any point before your switch date – which is exactly where RateSwitch comes in.


Here’s an example. Your mortgage is with NatWest, your balance is £180,000, and we’ve secured a 2 year fixed rate of 5.00% on your behalf. A few weeks later, NatWest reduces that rate to 4.80%. On a mortgage of that size, a reduction of 0.20% saves around £19.80 per month – nearly £475 over the two year fixed period.


Your lender won’t tell you this has happened. They provide rate change information to brokers, typically around 48 hours before new rates take effect – but they have no obligation to pass that on to you directly. Most brokers don’t monitor continuously after the initial arrangement either, which means these drops go unnoticed and the savings go unclaimed


RateSwitch is powered by Mortgage Metrics, a software platform built specifically to monitor falling mortgage rates. When a rate you’ve secured drops, we resecure it at the lower level automatically – and we’ll do this as many times as needed between now and your renewal date. If a rate rises after you’ve secured it, there’s nothing to do – you’re already protected.


The result: you simply end up on the lowest rate your lender offered during the entire run-up to your renewal, without having to chase anyone or lift a finger.


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.