Switching your mortgage to a new rate

If you're thinking of switching your mortgage deal, we're here to help.

We offer both an advised and non-advised (execution-only) sales journey depending upon whether you know which product you want. You don’t need to go through a credit check or provide any documents.

It's important to note that for execution only we will not provide you with any advice or personal recommendation and will not assess whether the mortgage is suitable for your needs.

The new Mortgage Charter has been set up by the UK’s largest lenders, the FCA, and the UK government to give mortgage customers more help and support with their mortgage repayments. All lenders that are a part of this charter have agreed on a set of standards to take when helping borrowers who are worried about higher interest rates on their mortgages.

You can find out more on our Mortgage Charter page.

 

How to apply

Advised contact details
Call us on 0330 159 6612*
Please have your account number to hand.
Lines are open Monday to Friday 8:30am-6:00pm (excluding Bank holidays).

Execution only contact details
Call us on 0330 159 6613*
Please have your account number to hand.
Lines are open Monday to Friday 8:30am-6:00pm (excluding Bank holidays). 

Representative example:

For a repayment mortgage of £71,000 over a 13 year term, you will make:

  • 24 monthly repayments of £591.05 at 4.19% fixed until 31 January 2028. This will be followed by a further:
  • 132 monthly repayments of £722.40 a month at the Standard Variable Rate, currently 8.29% for the remainder of the term.

The total amount payable would be £109,542.00, made up of the loan amount (£71,000) plus interest (£38,542.08).
The overall cost for comparison is 7.2% APRC Representative.
Your first monthly payment will be higher as it includes interest from the date the funds are released as well as the monthly repayment.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Fixed Rates

  • Mortgage payments stay the same during the fixed rate period so they're easier to manage
  • Rates are available on secured loans up to 200% of your home's value
  • If you switch to a new rate or repay all or part of your loan early during the fixed rate period early repayment charges may apply

Variable Mortgage Rates

  • Interest rate will move in line with the Bank of England base rate during the special rate period
  • If you switch to a new rate or repay all or part of your loan early during the initial variable rate period early repayment charges may apply

Compare our 1 year fixed rate deals

Mortgage deals often change – this table is updated with our latest ones, but these may not be available by the time you apply. Our Mortgage Advisers will provide you with the latest rates during your application.

Initial Rate This reverts to The overall cost for comparison is Product Fee Other Information
For loans of up to 75% of the valuation of the property
5.40% fixed until 31 January 2027 Standard Variable Rate (SVR) / Loyalty SVR 8.1% APRC £0 £min - NA
£max - NA

Compare our 2 year fixed rate deals

Mortgage deals often change – this table is updated with our latest ones, but these may not be available by the time you apply. Our Mortgage Advisers will provide you with the latest rates during your application.

Initial Rate This reverts to The overall cost for comparison is Product Fee Other Information
For loans of up to 60% of the valuation of the property
4.19% fixed until 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.2% APRC £0 £min - NA
£max - NA
3.84% fixed until 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.4% APRC £995 £min - NA
£max - NA
3.79% fixed until 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.5% APRC £1,495 £min - NA
£max - NA
For loans of up to 75% of the valuation of the property
4.34% fixed until 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.3% APRC £0 £min - NA
£max - NA
4.04% fixed until 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.4% APRC £995 £min - NA
£max - NA
3.94% fixed until 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.5% APRC £1,495 £min - NA
£max - NA
For loans of up to 80% of the valuation of the property
4.49% fixed until 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.3% APRC £0 £min - NA
£max - NA
4.29% fixed until 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.5% APRC £995 £min - NA
£max - NA
For loans of up to 85% of the valuation of the property
4.59% fixed until 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.3% APRC £0 £min - NA
£max - NA
4.29% fixed until 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.5% APRC £995 £min - NA
£max - NA
For loans of up to 90% of the valuation of the property
4.74% fixed until 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.4% APRC £0 £min - NA
£max - NA
4.49% fixed until 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.6% APRC £995 £min - NA
£max - NA
For loans of up to 200% of the valuation of the property
5.14% fixed until 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.5% APRC £0 £min - NA
£max - NA

Compare our 3 year fixed rate deals

Initial Rate This reverts to The overall cost for comparison is Product Fee Other Information
For loans of up to 60% of the valuation of the property
4.24% fixed until 31 January 2029 Standard Variable Rate (SVR) / Loyalty SVR 6.7% APRC £0 £min - NA
£max - NA
3.94% fixed until 31 January 2029 Standard Variable Rate (SVR) / Loyalty SVR 6.8% APRC £995 £min - NA
£max - NA
3.89% fixed until 31 January 2029 Standard Variable Rate (SVR) / Loyalty SVR 6.9% APRC £1,495 £min - NA
£max - NA
For loans of up to 75% of the valuation of the property
4.34% fixed until 31 January 2029 Standard Variable Rate (SVR) / Loyalty SVR 6.7% APRC £0 £min - NA
£max - NA
4.09% fixed until 31 January 2029 Standard Variable Rate (SVR) / Loyalty SVR 6.9% APRC £995 £min - NA
£max - NA
4.04% fixed until 31 January 2029 Standard Variable Rate (SVR) / Loyalty SVR 7.0% APRC £1,495 £min - NA
£max - NA
For loans of up to 80% of the valuation of the property
4.49% fixed until 31 January 2029 Standard Variable Rate (SVR) / Loyalty SVR 6.8% APRC £0 £min - NA
£max - NA
4.29% fixed until 31 January 2029 Standard Variable Rate (SVR) / Loyalty SVR 7.0% APRC £995 £min - NA
£max - NA
For loans of up to 85% of the valuation of the property
4.54% fixed until 31 January 2029 Standard Variable Rate (SVR) / Loyalty SVR 6.8% APRC £0 £min - NA
£max - NA
4.34% fixed until 31 January 2029 Standard Variable Rate (SVR) / Loyalty SVR 7.0% APRC £995 £min - NA
£max - NA

Compare our 5 year fixed rate deals

Initial Rate This reverts to The overall cost for comparison is Product Fee Other Information
For loans of up to 60% of the valuation of the property
4.14% fixed until 31 January 2031 Standard Variable Rate (SVR) / Loyalty SVR 5.7% APRC £0 £min - NA
£max - NA
3.99% fixed until 31 January 2031 Standard Variable Rate (SVR) / Loyalty SVR 5.9% APRC £995 £min - NA
£max - NA
3.89% fixed until 31 January 2031 Standard Variable Rate (SVR) / Loyalty SVR 5.9% APRC £1,495 £min - NA
£max - NA
For loans of up to 75% of the valuation of the property
4.19% fixed until 31 January 2031 Standard Variable Rate (SVR) / Loyalty SVR 5.8% APRC £0 £min - NA
£max - NA
4.04% fixed until 31 January 2031 Standard Variable Rate (SVR) / Loyalty SVR 5.9% APRC £995 £min - NA
£max - NA
3.99% fixed until 31 January 2031 Standard Variable Rate (SVR) / Loyalty SVR 6.0% APRC £1,495 £min - NA
£max - NA
For loans of up to 80% of the valuation of the property
4.34% fixed until 31 January 2031 Standard Variable Rate (SVR) / Loyalty SVR 6.0% APRC £0 £min - NA
£max - NA
4.19% fixed until 31 January 2031 Standard Variable Rate (SVR) / Loyalty SVR 6.0% APRC £995 £min - NA
£max - NA
For loans of up to 85% of the valuation of the property
4.34% fixed until 31 January 2031 Standard Variable Rate (SVR) / Loyalty SVR 6.0% APRC £0 £min - NA
£max - NA
4.19% fixed until 31 January 2031 Standard Variable Rate (SVR) / Loyalty SVR 6.0% APRC £995 £min - NA
£max - NA
For loans of up to 90% of the valuation of the property
4.49% fixed until 31 January 2031 Standard Variable Rate (SVR) / Loyalty SVR 6.1% APRC £0 £min - NA
£max - NA
4.34% fixed until 31 January 2031 Standard Variable Rate (SVR) / Loyalty SVR 6.1% APRC £995 £min - NA
£max - NA
For loans of up to 200% of the valuation of the property
5.04% fixed until 31 January 2031 Standard Variable Rate (SVR) / Loyalty SVR 6.3% APRC £0 £min - NA
£max - NA

Compare our 2 year tracker deals

Initial Rate Until This reverts to The overall cost for comparison is Product Fee Other Information
For loans of up to 60% of the valuation of the property
4.39% (variable) 0.39% above BoE base rate 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.5% APRC £995 £min - NA
£max - NA
For loans of up to 75% of the valuation of the property
4.44% (variable) 0.44% above BoE base rate 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.6% APRC £995 £min - NA
£max - NA
For loans of up to 80% of the valuation of the property
4.69% (variable) 0.69% above BoE base rate 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.6% APRC £995 £min - NA
£max - NA
For loans of up to 85% of the valuation of the property
4.69% (variable) 0.69% above BoE base rate 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.6% APRC £995 £min - NA
£max - NA
For loans of up to 90% of the valuation of the property
4.94% (variable) 0.94% above BoE base rate 31 January 2028 Standard Variable Rate (SVR) / Loyalty SVR 7.7% APRC £995 £min - NA
£max - NA

Additional information

Frequently Asked Questions

What does switching mortgages mean?

Switching mortgages is when you move from one mortgage deal to another, normally because your current interest rate is ending.

How easy is it to switch your mortgage?

With no documents required and no legal fees, you can switch your Whistletree mortgage over the phone by using our advised or non-advised service.

When can a rate switch application be cancelled?

A rate switch application can be cancelled up to 7 calendar days before the end of the month prior to the new product taking effect. By cancelling an application, when the product rate ends, the mortgage account will revert to your current product’s reversionary rate. If cancelled within 7 calendar days of the Direct Debit being due, we may not be able to amend the Direct Debit in time.

Can I switch my mortgage at any time?

If you have 3 months or less remaining on your existing product you can prebook a rate for when your current deal expires without paying any early repayment charges.

However, if you leave your current mortgage deal before it expires to switch to a new rate, you may have to pay an Early Repayment Charge.

What is an early repayment charge?

If you repay your mortgage (or make a capital repayment of more than 10% in any year) during a fixed rate period, an early repayment charge may apply.

You can make capital repayments of up to 10% of the balance in each calendar year without paying an early repayment charge (unless you go on to repay or change the rest of the loan within the next six months).

The early repayment charge is a percentage of the amount repaid and varies depending on how long you have left on your special rate. You can find more details in your mortgage documentation.

Interest only mortgages

With an interest-only mortgage, you'll only pay the interest on your loan amount each month. At the end of the mortgage term you'll still owe the capital, which is the amount you initially borrowed, so you'll need to have a plan in place to pay this off at the end of the term. We will write to you throughout your mortgage to make sure you have a suitable plan.

Can I switch the rate on my Together Loan?

No, you can only apply to switch the interest rate on the secured element of your borrowing. If you decide to proceed with the switch to your secured borrowing the unsecured element will remain on the current standard variable rate (or Loyalty Discount rate if applicable).

Can I make further changes to my mortgage while applying to switch my rate?

You can apply to make other changes to your mortgage for example, changing the type of mortgage or mortgage term but will need to speak to one of our qualified Mortgage Advisors. They will talk you through your options and let you know what information or documents we’ll need you to send us.

Will I need to complete an affordability test to get a new rate?

In order to get a new rate, no affordability or credit checks are needed. If you have a more complex change like extending your term, we may need more information to complete that change and check we recommend the right product.

I am in arrears, can I switch my interest rate?

You may still be able to switch your mortgage if you’re in arrears. To get started please contact our customer assistant team who are there to support you with your current financial position. Call us on 0330 159 6612* Monday – Friday 8.00am - 8.00pm and Saturday 9.00am - 1.00pm.

Tariff of Mortgage Charges

For further information on Fees & Charges you can review the Tariff of Charges.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE