Rate Check Promise
So far this year Mojo customers have saved £2m* with Rate Check Promise. Secure your rate now and, if it drops, we’ll let you know!
Why our customers love our Rate Check Promise
Protect yourself against changing rates
We check your deal’s rate daily
Our Rate Check Promise customers have saved an average of £759 over their initial term when they switch to a lower rate**
Bringing you rate reassurance
Once you have your mortgage offer, we’ll continue to check that you’re still on the lowest rate for the deal you’ve chosen. If rates fall for your deal, we’ll let you know.
Here's how our Rate Check Promise works
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1. Lock in a deal
Accept your Mortgage Expert’s recommendation, apply for a mortgage and get your offer accepted by your chosen lender (we help with all of this!)
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2. We’ll continue to check your rate
We’ll automatically check every day to see if your lender has reduced rates for your deal. If we find a lower rate, we’ll let you know via text message and email.
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3. If rates drop, request the new deal
Let us know you want to move onto the new deal and, if there’s time before you complete, we’ll submit the request to your chosen lender if eligible. Occasionally, the lender might run a hard credit check.
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4. Move onto the new rate & save!
You’ll complete as usual, but you’ll just pay less for your mortgage.
“Rates can go down for lots of different reasons. Sometimes it’s in response to changes to the Bank of England base rate, Government policies or other economic factors. Other times they might lower their rates to attract or retain customers in a competitive market. While we’ll always try to secure you the best rate available at the time, we can’t guarantee if or when rates will drop. That’s why we offer our Rate Check Promise service, to give you peace of mind that you’re on the best rate for your chosen deal.”
John Fraser-Tucker, Head of Mortgages
Our Rate Check Promise works for you
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Save money. The average customer has saved £759** during their initial term after moving a lower rate thanks to our Rate Check Promise.
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Save time. We automatically check the rate of your chosen deal and, if your lender lowers the rate, we’ll let you know about it.
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Save hassle. Lock in a rate when you’re ready, with more peace of mind you won’t miss out if your deal’s rate drops in the future.
“The whole process was quick and easy - the best bit being the rate drop promise. In the time between fixing and my new rate starting, there were 4 rate drops - all of which Mojo managed for me. Something I would have definitely missed out on if I wasn't using Mojo.”
Ruth
5 August 2025
*Data taken using Mojo’s internal records, covering the period from 18 February 2025 to 30 September 2025
**Average savings over the initial term based on the difference between the customer’s initial pay rate and their new, lower rate discovered through our Rate Check Promise service.