What happens when you reach the end of an incentive or fixed rate period on your mortgage? When your mortgage rate moves to a reversion rate, it’s common practice to shop around and find a better deal, either with your existing mortgage lender or with another provider. But for those who have found themselves trapped with their reversion rate, the mortgage market is taking some positive action. Working closely with the Financial Conduct Authority (FCA), 59 authorised lenders representing 93% of the residential mortgage market in the UK have agreed common standards to help existing borrowers on reversion rates.