The fixed-rate cliff is here
FCA data shows that around 850,000 five-year fixed-rate mortgages were taken out in 2021 at an average rate of 2.3%. As these deals end in 2026, many borrowers will face a sharp rise in repayments — either by reverting to their lender’s variable rate or switching to a new, higher fixed rate. For hundreds of thousands of households, this will add further pressure to already stretched living costs.
How PT+ helps
PT+ is our enhanced product transfer service that, where suitable, combines a standard product transfer with a second charge mortgage to improve client affordability. When you refer a client nearing the end of their fixed rate, we review their credit file and, if appropriate, arrange a second charge to consolidate debts and free up disposable income.
They’ll receive a personalised product suitability report, breaking down each debt, detailing the monthly and total costs or savings over the term of the loan.
By protecting clients from payment shock, PT+ not only safeguards their financial wellbeing but also generates multiple income streams for you — with Y3S managing the process end-to-end and taking full regulatory responsibility.
* Savings based on H1, 2025 Y3S completions. Actual savings will vary depending on each client circumstances.
Y3S News & Opinion
Platinum Feefo Rating
You can trust us to look after your clients and keep you updated every step of the way – and you don’t have to just take our word for it. Our Platinum Feefo rating – for four consecutive years – shows just how far our exceptional service goes and know-how reaches.
Sign up for the latest news and updates
Any personal data you provide is subject to Specialist Mortgage Group’s privacy policy
