One of the biggest questions when considering a remortgage is whether you’re protected if rates drop after you lock in a new deal. Timing matters, and with the right approach, it’s possible to benefit from a rate change even if you've already arranged a remortgage.

 

Flexible Rate Locking

Some lenders offer flexibility that allows you to lock in a rate several months ahead of your current mortgage's end date, which helps protect you from potential increases. With Equinox’s whole-of-market access, we can help you find lenders who let you lock in a rate up to 6 or even 9 months in advance. That way, you secure a rate early and avoid the stress of last-minute decisions.

 

 Switching to a Lower Rate

If interest rates drop after you’ve locked in a rate, many lenders will allow you to switch to a lower rate with the same lender before completion. Not all lenders offer this, but at Equinox, we’ll work to connect you with those that do, so you get the most competitive option even if the market shifts. If rates drop further within your lock period, you may still be able to benefit without incurring fees or penalties.

 

 Keeping Your Options Open

Our approach at Equinox is to monitor rate trends and keep you updated on any potential savings. If rates move favorably after you’ve locked in, we’ll guide you on the process for switching to a lower rate or exploring alternative deals to secure a better option.

 

 Cost of Re-Locking or Reapplying

Usually none! 

 

 Peace of Mind with a Rate Lock Strategy

Locking in a rate can offer peace of mind, and our team is here to make sure you feel confident in your decision. When you work with us at Equinox, you can rest assured that we’re committed to securing the best rate for you—even if that means updating your locked rate along the way.

 

 Let’s Find Your Optimal Rate Together

With our guidance, you can secure a rate without worrying about missing out on potential savings if rates fall. If you’re ready to start planning, let’s talk about how we can create a strategy that keeps you covered, no matter what direction rates go.

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