Don’t Leave Your Mortgage Renewal Until the 95th Minute

Mortgage Renewal

In the thrilling England vs. Slovakia game on 30th June, Jude Bellingham’s last-minute equaliser in the 95th minute captivated football fans. While this late-game drama is exhilarating on the pitch, leaving your mortgage renewal to the last minute can lead to unnecessary stress and potential financial pitfalls. At VIBE, we want to ensure you’re fully prepared well before the final whistle. Here’s why being proactive about your mortgage renewal is essential and how we can help.

The Risks of Last-Minute Mortgage Renewal

Waiting until the last minute to renew your mortgage can leave you vulnerable to higher rates and limited options. When your mortgage term ends, your lender typically moves your loan to their standard variable rate (SVR), which is often higher than your fixed rate. This transition can lead to increased monthly payments and unexpected financial strain.

Additionally, scrambling for options at the last minute limits your ability to negotiate better terms or explore favourable deals. By planning ahead, you can avoid these risks and secure a more favourable rate, ensuring financial stability and peace of mind. Moreover, being proactive allows you to thoroughly assess your financial situation and make informed decisions without the pressure of impending deadlines.

Start Early: Evaluate Your Options

Just as a football manager prepares for a match well in advance, you should start considering your mortgage renewal options early. Assess your current mortgage, review the interest rate, term, and any prepayment penalties. Use this information to compare offers from different lenders.

Starting this process early gives you ample time to find the best deal that suits your financial situation. Early preparation also allows you to address any potential issues with your credit or financial standing, making you a more attractive candidate for favourable mortgage terms. Additionally, it gives you the opportunity to explore various mortgage products and find one that aligns perfectly with your financial goals and lifestyle.

Explore Competitive Rates

When Jude Bellingham equalised in the 95th minute, it was a moment of triumph. Similarly, securing a competitive mortgage rate can be a victory for your finances.

Don’t settle for your lender’s first offer. Shop around and compare rates from various lenders. Using tools like our mortgage calculator, you can get a clear picture of potential savings. Exploring different lenders and rates can reveal opportunities for lower monthly payments and better terms.

VIBE is here to help you find competitive rates that align with your financial goals, ensuring you make the most of your mortgage renewal. By taking the time to shop around, you could save thousands over the life of your mortgage, making a significant impact on your financial health.

Consider Your Financial Goals

Think about your long-term financial objectives. Are you planning to move soon, or do you intend to stay in your current home for the foreseeable future? Your plans will influence whether you opt for a fixed-rate or variable-rate mortgage.

A fixed-rate mortgage offers stability with predictable payments, providing security against interest rate fluctuations. In contrast, a variable-rate mortgage might offer lower initial rates but carries the risk of potential increases over time.

Aligning your mortgage with your goals ensures financial security and flexibility, helping you make strategic decisions that support your future plans. Furthermore, considering your long-term goals helps you choose a mortgage that supports your lifestyle and future financial aspirations.

Negotiate with Confidence

In football, preparation and strategy are key to success. The same applies to mortgage renewal. Use the information you’ve gathered from comparing rates to negotiate with your current lender. Present better offers from other lenders and see if your lender can match or beat them.

Effective negotiation can lead to more favourable terms, saving you money over the life of your mortgage.

Being well-prepared and confident in these discussions can significantly impact the outcome. At VIBE, we empower you with the knowledge and strategies needed to negotiate effectively and secure the best deal. Negotiating confidently can also demonstrate your financial acumen to lenders, potentially leading to better terms and conditions.

Avoid the Stress of Last-Minute Decisions

Leaving mortgage renewal to the last minute can cause unnecessary stress, much like the tension in a football match’s final minutes. By planning ahead, you can avoid the rush and make well-informed decisions.

Take the time to understand your options, consult with mortgage professionals, and choose the best mortgage product for your needs. Early preparation allows you to thoroughly evaluate different mortgage products and make decisions that align with your financial goals.

At VIBE, we provide expert guidance to help you navigate the renewal process smoothly and confidently, ensuring a stress-free experience. This proactive approach not only reduces stress but also enhances your ability to make sound financial decisions that benefit you in the long run.


Just as Jude Bellingham’s last-minute goal was a reminder of the importance of being prepared in football, being proactive about your mortgage renewal is crucial for your financial health. Don’t leave your mortgage renewal until the 95th minute. Start early, explore your options, and secure the best deal for your future.

Trust VIBE to provide expert guidance and support throughout your mortgage renewal journey. Visit our residential mortgage page or our buy to let mortgage page for more information and use our mortgage calculator to get started today. With VIBE by your side, you can confidently navigate your mortgage renewal, ensuring a secure and prosperous financial future.

Further Reading and Resources: Please feel free to check out our Case Studies for intermediaries here and for consumers here.

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  • VIBE Mortgages Ltd T/A VIBE Mortgages & Protection (Financial Conduct Authority number 966737) is an Appointed Representative of Complete FS Limited which is Authorised and Regulated by the Financial Conduct Authority number 73812.
  • VIBE Finance is a trading name of VIBE Financial Services Limited. VIBE Financial Services Limited is registered in England and Wales No. 10979822. Registered office: VIBE Financial Services Limited, H4 Daedalus Park, Daedalus Drive, Lee on the Solent, PO13 9FX.