Refix Your Mortgage

Review your options before your fixed term ends

In brief

Refixing means choosing what happens when a fixed mortgage term ends. Before accepting a new rate, you can review fixed, floating and split structures, compare the flexibility and costs, and consider whether staying with your current lender or refinancing through a participating lender better fits your plans.

Mortgage Lab helps New Zealand homeowners compare fixed-rate options and negotiate before a mortgage refix date.

When your fixed mortgage term is coming to an end, it's the perfect time to review your options. This is your opportunity to secure a better rate, restructure your loan, or switch to a lender that better suits your needs.

Your existing bank may have a suitable refix option, while another structure or lender may also be worth considering. Our advisers can explain available options and help you assess the rate, flexibility, fees and process.

We recommend starting the refix process 2-3 months before your fixed term ends. This gives us time to explore options and lock in a good rate before it expires.

Let's Have a Chat!

Information sources

Information checked 28 July 2026. Lending and eligibility criteria can change.

How We Can Help

Compare relevant rates and features from participating lenders

Discuss available pricing and options with your current bank

Explain suitable loan structures, including split rates, terms, and repayment types

No cost to use our service when refixing with your current bank

Handle all the paperwork and negotiations for you

Set up reminders so you never miss a refix date again

Explore if refinancing to a new lender makes sense

Frequently Asked Questions

Start reviewing your options before the fixed term ends so you have time to compare structures and understand any changes. How early a rate can be selected or locked varies by lender, so ask your adviser or current lender what applies to your loan.

Your lender will explain what happens if you do not select a new fixed term. This may include moving onto a floating rate. Reviewing the available fixed, floating and split options before expiry helps you make a deliberate choice.

It depends on your view of interest rates and your personal circumstances. Shorter terms give you flexibility but mean more frequent refixing. Longer terms offer certainty but less flexibility. Many people split across multiple terms.

Absolutely! This is a popular strategy that spreads your risk. For example, you might fix half for 1 year and half for 2 years. This means you're never fully exposed to rate changes at any one time.

If you stay with your current lender, there's typically no cost to you for our service. We're paid by the lender. If you decide to switch banks, there may be legal fees involved, but we'll explain all costs upfront.

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What Our Clients Say

“Johnny made the mortgage process easy and stress-free. He was always helpful and explained everything clearly. I really appreciated his support and would highly recommend MortgageLab to anyone looking for great service.”

Anonymous

Johnny Ang

“We had a fantastic experience working with our mortgage adviser (Josie Coronado) throughout the process of purchasing our home. She is knowledgeable, professional, and always available to answer our questions. She explained everything clearly, kept us informed every step of the way, and worked hard to secure the best mortgage option for our needs. Her guidance made what could have been a stressful process feel straightforward and manageable. We truly appreciate her dedication and would highly recommend her and the team (Mortgagelab) to anyone looking to buy a home.”

H Moyles