FREE RATE REVIEW SERVICE

Check if your mortgage rate could improve

Find your deal now

When you’re applying for a mortgage, it’s possible interest rates may change. With Saga Mortgages, you don’t have to worry about missing out on a better deal.

Through our partnership with award-winning brokers Tembo, you can request a free rate review after your mortgage offer is issued. T&C’s apply

If rates have improved, you could switch to the lower rate (Subject to affordability and eligibility criteria) with the same lender. And if rates have gone up, your original mortgage offer stays in place. It's a simple way to help us find the best rate available for you.

Your home may be repossessed if you fail to repay your mortgage.

Why request a free rate review?

Mortgage rates can change quickly. A rate review gives you the chance to check whether a better rate has become available before your mortgage completes.

With our rate review service, you can:

Review your deal at no extra cost.
Check if your lender has introduced a lower rate.
Keep your original offer if rates have gone up.

How the rate review service works

It really is as easy as 1, 2, 3:

1. Request a review

Once we’ve found your ideal mortgage and you’ve received your mortgage offer, you can ask your case manager to check the latest rates from that same lender. Simply e-mail or speak to your dedicated case manager to request a review.

2. We check the latest rates

Your adviser will review the latest products from your lender to see if a better rate is available.

3. Decide what works best for you

If a lower rate is available, your adviser will explain your options so you can decide whether to switch. If rates have gone up, you can keep your original offer.

When can you request a rate review?

To make sure there’s enough time for any changes to be made, rate reviews need to happen:

After your mortgage offer has been issued.
At least four weeks before your exchange or completion date.

During busy periods, please allow up to five working days for your adviser to review your request.

Can I switch to a different lender through this review?

The main purpose of the service is to check for better rates with your current lender. If another lender is offering a better deal, your adviser can discuss your options. This may require submitting a new application.

Please note, you may have to pay an early repayment charge to your existing lender if you remortgage.

Could my lender reassess my application?

Some lenders may reassess your application when a new rate request is submitted. Your adviser will explain any potential risks before proceeding. It’s important to let your adviser know about any changes to your circumstances.

What if the new rate is higher?

If the latest rate is higher than your current offer, you can simply keep your original mortgage offer.