The summer switch: Is NOW the time to review your mortgage and protection plans?

Summer is often seen as a time for fresh starts — from home renovations to holidays and decluttering. But have you thought about giving your mortgage and protection plans the same attention? As a mortgage and protection adviser, I see first-hand how a timely review can save you money, improve your cover, and give you valuable peace of mind.

Why summer is the perfect time to review your mortgage 

Interest rates in the UK have been on a rollercoaster ride in recent years. If you haven’t checked your mortgage deal lately, you could be missing out on better rates or more suitable products for your current circumstances. Many homeowners are surprised to learn they’re paying a lender’s standard variable rate (SVR) after an initial deal has ended — which can cost significantly more each month.

Switching to a better rate or exploring a fixed-rate option could help you:

• Reduce your monthly repayments
• Protect yourself against future interest rate rises
• Free up cash for other priorities like home improvements or family plans

A quick review with a trusted adviser can show you what you are eligible for, and sometimes the savings are substantial.

Protection plans: Are you still properly covered?

Alongside your mortgage, it is essential to keep your protection plans up to date. Life changes fast. Maybe you have had a baby, changed jobs, or even started your own business. These milestones can affect how much cover you need.

It is worth asking:

• Would your family be financially secure if the unexpected happened?
  Does your current income protection still match your salary?
• Are there new policies on the market that could offer better value or benefits?

Your protection plans are there to safeguard what matters most. A simple review can highlight gaps or overlaps and ensure you are not paying for cover you do not need.

Why speak to an adviser?

Whilst you can compare some deals online, a qualified mortgage and protection adviser looks at the bigger picture - your income, outgoings, family circumstances and long-term goals. We work with a wide range of lenders and insurers, which means we can often find options you will not see on comparison sites.

And the best part? You will get clear, personalised advice so you can feel confident that you are making the right decisions for your future.

Take advantage of the summer switch

Summer is the perfect time to pause and reflect before the busyness of autumn sets in. So, if it has been more than a year since you last reviewed your mortgage and protection plans, now could be the ideal moment to see if they still work for you.

Ready to find out if you could save or improve your cover? Get in touch for a no-obligation chat and let’s see how we can help you make the switch this summer.