| Applications increased by roughly 45% in the first quarter, lifting overall mortgage volumes and confidence | This surge is largely driven by homeowners reaching the end of low fixed-rate deals secured in previous years | For homeowners and landlords, remortgaging is an opportunity to review current arrangements and future goals |
Remortgaging has moved back into the spotlight, with recent data1 indicating a sharp rise in activity during early 2026. Applications increased by roughly 45% in the first quarter, helping to lift overall mortgage volumes and signalling renewed confidence among borrowers.
This surge is largely driven by homeowners reaching the end of low fixed rate deals secured in previous years. As these arrangements expire, many are reassessing their options to avoid reverting to higher standard variable rates, making refinancing an increasingly attractive choice.
Why timing is key
With millions of fixed rate mortgages due to mature, demand for remortgaging is expected to stay high. Borrowers are also showing growing interest in shorter-term fixes, offering greater flexibility in an uncertain interest rate environment. This reflects a wider shift, where remortgaging is used not just to secure competitive rates, but to better manage risk and future-proof household finances.
Impact on buy-to-let
The buy-to-let sector is being impacted as well – UK Finance data shows lending in the remortgaging market rose sharply, up over 18% by volume year-on-year. Landlords are increasingly refinancing to improve returns, restructure borrowing or release equity for further investment.
1Stonebridge 2026
It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored advice and is for guidance only. Some rules may vary in different parts of the UK.
