Remortgaging in 2026: is now the right time to switch?

If your current mortgage deal is coming to an end in 2026, you may be wondering whether now the right time is to remortgage. With mortgage rates showing signs of stabilising after several years of uncertainty, many homeowners are reviewing their options to see if they could secure a better deal.

Why remortgage?

Remortgaging simply means replacing your existing mortgage with a new one, either with your current lender or by switching to a different provider. People choose to remortgage for several reasons, including securing a lower interest rate, reducing monthly repayments, borrowing additional funds for home improvements, or releasing equity from their property.

If you are currently on a fixed-rate mortgage that's due to expire, it's worth reviewing your options before moving onto your lender's Standard Variable Rate (SVR), which is significantly higher than other available products.

Are mortgage rates improving?

Mortgage rates in 2026 are generally more stable than they have been in recent years. While they remain higher than the historic lows seen during the early 2020’s, increased competition between lenders has created more choice for borrowers.

Waiting in the hope that rates will fall further isn't always the best strategy. No one can accurately predict future interest rates, so it's often better to focus on finding a mortgage that's affordable and suits your long-term plans.

When should you start looking?

Ideally, you should begin exploring remortgage options around six months before your current deal ends. Many lenders allow you to secure a new rate in advance, giving you peace of mind while protecting you from potential increases before your existing mortgage expires.

If rates improve before completion, it's often possible to switch to a lower available rate, depending on the lender.

Could you save money?

Even a small reduction in your interest rate could lower your monthly repayments or reduce the amount of interest you pay over the life of your mortgage.

However, it's important to consider the overall cost of the mortgage, not just the headline rate. Arrangement fees, cashback offers, valuation costs and early repayment charges can all affect the value of a deal.

A mortgage adviser can compare the total cost across a range of lenders to help identify the most suitable option.

Is remortgaging right for everyone?

Not necessarily. Whether remortgaging is the right choice depends on your individual circumstances.

You may benefit from remortgaging if you want to:

• Secure a new fixed-rate deal.
• Reduce your monthly repayments.
• Borrow more for home improvements.
• Consolidate existing borrowing (where appropriate).
• Release equity from your home.

If your circumstances have changed since taking out your current mortgage, such as becoming self-employed or nearing retirement, specialist advice can help you understand which lenders are most likely to accept your application.

How Dentons Mortgages can help

At Dentons Mortgages, we compare mortgages from a wide range of UK lenders to find a solution that's tailored to your needs. We take the time to understand your circumstances, explain your options clearly and guide you through the remortgaging process from start to finish.

Whether you are looking to secure a better rate, reduce your monthly payments or release equity, we are here to help make the process straightforward and stress-free.

Final thoughts

Remortgaging in 2026 could help you save money, gain greater financial certainty or unlock funds for future plans. The right time to switch depends on your current mortgage, your financial goals and the options available to you.

If your mortgage deal is due to end within the next six months, now is an ideal time to review your options. Speaking to an experienced mortgage adviser can help you secure a competitive deal and ensure your mortgage continues to meet your needs.

Any information contained in this article is for general information only and does not constitute financial advice. It is essential that you seek independent advice from a qualified mortgage adviser.