New analysis suggests remortgage activity increased sharply during the opening months of 2026, as many borrowers reached the end of fixed rate mortgage deals arranged when borrowing costs were much lower.
For homeowners coming off ultra-low pandemic-era rates, reviewing mortgage options early has become increasingly important.
Sharp rise in remortgage applications
According to Stonebridge, remortgage applications increased by 45.8% during Q1 2026.
This rise comes as many homeowners are reaching the end of fixed rate mortgage products arranged during a period of historically low interest rates. Many fixed rate deals expired during 2025, with a further 1.8 million expected to come to an end this year.
As borrowers move onto higher rates, many are looking to secure a more suitable mortgage arrangement and avoid automatically reverting to a lender’s standard variable rate, which could be significantly more expensive.
Borrowers are reassessing their options
The mortgage market has changed considerably since the pandemic, with interest rates remaining much higher than the record lows seen several years ago.
This means some households may face noticeably higher monthly repayments when their current fixed rate ends. For many homeowners, even a small increase in mortgage rates can have a significant impact on monthly budgets.
As a result, more borrowers are comparing products, seeking advice and reviewing their mortgage arrangements before their existing deal expires.
The data also showed growing interest in shorter mortgage terms, with two-year fixed rate products becoming more popular. This may suggest that some borrowers are looking for shorter-term flexibility while they monitor future interest rate movements.
Why early planning matters
Reviewing your mortgage options before your current deal ends can help you plan ahead and avoid rushed decisions.
Many lenders allow borrowers to secure a new mortgage product several months before their existing fixed rate expires. This can give you more time to understand your options, compare available products and decide what is most suitable for your circumstances.
It may also be a good opportunity to review your wider financial situation and consider whether your current mortgage still meets your needs.
Speak to Pioneer
If your current mortgage deal is coming to an end, Pioneer can help you explore your remortgage options.
Our team can explain the process clearly, compare suitable products and help you make an informed decision based on your circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.