With many fixed-rate deals ending in 2025, millions of homeowners are searching for competitive remortgage rates to protect themselves from higher payments.
Remortgaging – switching your mortgage to a new deal, often with a different lender – can save hundreds of pounds a month if timed correctly.
But navigating the options requires careful comparison and expert advice.
Why Remortgaging Matters
When a fixed-rate term ends, borrowers usually revert to the lender’s Standard Variable Rate (SVR), which is often several percentage points higher.
That can add thousands in extra costs annually.
By remortgaging before that happens, you can lock in a new, lower rate and even release equity for home improvements or debt consolidation.
The Current Market
In 2025, remortgage rates vary between 4.5% and 5.8%, depending on loan-to-value and credit profile.
While rates are higher than during the pandemic years, competition among lenders remains healthy.
Homeowners on the Isle of Wight, where average property values have held steady, are particularly focused on remortgaging to secure stability amid fluctuating national trends.
How to Find Competitive Remortgage Rates
- Start early – Begin shopping around 3–6 months before your current deal expires.
- Know your equity – The lower your loan-to-value (LTV), the better your rate.
- Check your credit file – A clean record opens access to top-tier products.
- Use a mortgage broker – Brokers have access to exclusive deals and can handle the paperwork.
Fixed or Tracker?
- Fixed-rate deals provide payment certainty, ideal for budgeting.
- Tracker mortgages follow the Bank of England base rate, which can mean savings if rates fall – but higher costs if they rise.
Most borrowers in 2025 favour short- to medium-term fixed deals (two to five years) to balance stability and flexibility.
Costs to Consider
Remortgaging involves valuation fees, legal costs, and potential early repayment charges if you leave your current deal early.
Many lenders now offer fee-free remortgage packages covering legal and valuation costs, making switching easier.
Expert Insight
“Homeowners who review their mortgages annually often save more than those who wait for fixed terms to end,” says Philip Bransgrove of Bransgrove Mortgage Brokers. “We’re seeing borrowers remortgage sooner to avoid getting caught by rising SVRs.”
Final Word
Finding competitive remortgage rates in 2025 is about preparation, timing, and professional advice.
By reviewing your mortgage regularly and working with a trusted broker, you can protect yourself from rate shocks – and potentially save thousands each year.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Most Buy to Let mortgages are not regulated by the Financial Conduct Authority.
Bransgroves Mortgage Brokers is a trading name of Just Mortgages Direct Limited which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.
Approved by The Openwork Partnership on 28/11/2025
