Enables you to take advantage of the current interest rates, whilst still tied into a fixed rate with your current lender, by forward booking a better rate for the future. This can be with the same or different lender. This usually makes sense if you are no more than three years before the end of the current fixed interest period. The advantage of a forward loan is that you will not experience any unpleasant surprises if you want to refinance your loan, the future is already secure. It is advisable to involve a mortgage broker such as an MLP consultant of your choice.