1.8 Million Mortgages Set for Renewal in 2026: Are You Ready?

According to UK Finance’s latest mortgage market forecast for 2026, around 1.8 million fixed-rate mortgages are due to expire this year, following 1.6 million in 2025.

This wave of expiries is expected to drive a notable increase in refinancing activity, with external remortgaging forecast to rise by 10%, as borrowers reassess their options in a higher-rate environment.

While overall mortgage lending is projected to grow modestly to £300 billion, the market is increasingly being shaped by affordability pressures and the need for homeowners to navigate changing rates and repayment costs.

For many, 2026 will represent a key moment to review their mortgage strategy and ensure they are well positioned for the next phase of the market.

Facing Higher Interest Rates? Here's What You Need to Know.

As your current mortgage deal comes to an end, it’s crucial to understand your options. Moving to your lender’s Standard Variable Rate (SVR) could result in significantly higher monthly payments, often hundreds of pounds more. Instead, remortgaging allows you to secure a new deal tailored to your circumstances and potentially save money.

The key to a successful remortgage is preparation—and that starts with knowing when to act. That’s where mortgage monitoring comes in.

The Importance of Mortgage Monitoring

Our Mortgage Monitoring service is designed to take the stress out of tracking your mortgage deal’s end date. It ensures that you’re informed and ready to explore your options at the right time. Acting early can give you access to better deals and allow you to budget effectively for any changes in your payments.

Register for Mortgage Monitoring

How We Can Help

At Rettie Financial Services, we’re here to make the process as smooth as possible. Our experienced team provides tailored advice and ensures you’re aware of all available options. But don’t just take our word for it:

Key Steps to Prepare for Your Mortgage Renewal

1. Know Your Deal End Date: Check your mortgage documents or contact your lender to confirm when your current deal ends. Register for mortgage monitering and let our tool do the hard work.

2. Start Early: Begin exploring your options 3-6 months before your deal expires.

3. Review Your Finances: Understand how changes in rates will affect your budget and explore ways to manage payments, such as extending your term or overpaying.

4. Get Professional Advice: Speak to a Mortgage & Protection Advisor who can help you compare deals and find the right solution for your situation.

Don’t Wait Until It’s Too Late

While renewing your mortgage at a higher rate can seem overwhelming, taking action early and seeking expert advice can make all the difference. Our team at Rettie Financial Services is ready to support you at every step, ensuring you’re informed, prepared, and confident about your decisions.