Around 1.8 million homeowners across the UK will see their fixed-rate mortgage deals expire this year, forcing many who secured historically low pandemic-era rates to confront a challenging new financial reality.
According to UK Finance, the wave of expiring fixed deals will trigger a 10% increase in remortgaging activity throughout 2026, as borrowers seek to navigate a market where rates remain significantly higher than those locked in during 2020 and 2021.
