At a Glance:
In 2026, approximately 1.8 million fixed-rate mortgages are set to expire in the UK. Homeowners on 5-year fixes from 2021 face a significant "payment shock," while those on 2-year fixes from 2024 may find opportunities to reduce costs. The key strategy for 2026 is to lock in a new product 6 months early to hedge against market volatility.
Your home or property may be repossessed if you do not keep up with repayments of your mortgage or any other debt secured against it.
You may have to pay early repayment charges to your existing lender if you remortgage.
Year Fixed Rate Started
2024 (2 Year Fix)
2021 (5 Year Fix)
New for 2026
Year Fixed Deal Ends
2026
2026
N/A
Your 2026 Strategy
Target a Rate Drop: Rates in April 2026 are lower than 2024 peaks. Secure a lower payment 6 months early.
Manage Payment Shock: Moving from 2% to ~5%? We’ll look at term extensions to keep your lifestyle stable.
The 180-Day Lock: Secure today’s rate for 6 months. If rates fall before you switch, we'll swap you to the lower deal.
Fixed Rate Ending In 2026 - Frequently Asked Questions
Can I lock in a mortgage rate 6 months early?
Yes. In the current 2026 market, most lenders allow you to secure a product 180 days before your current deal ends, protecting you from future volatility
What if rates drop after I've secured a new deal?
If we lock in a rate for you and a cheaper product becomes available before your completion date, we can usually switch you to the lower rate at no extra cost.
Why is remortgaging different in 2026?
With nearly 2 million deals expiring this year, lender capacity is tight. Acting 6 months early ensures you aren't stuck on a high Standard Variable Rate (SVR).
Is there a fee for securing my new mortgage deal?
At PD Finance, we believe in clear and fair pricing:
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Product Transfers: If our advice is to stay with your current lender, there is no fee for our service.
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New Lender Remortgages: If we find a better deal with a new lender that suits your needs, we charge a £250.00 application fee at the mortgage application stage.
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Lender Fees: Please note that some mortgage products come with a lender’s product fee. We will always provide a full breakdown of these costs so you can see the true value of the deal before you commit.
Review Your Options for 2026
Areas We Serve
While PD Finance is based in Bedford, we provide specialised 2026 remortgage support for homeowners across the UK. We have significant local expertise assisting clients in Luton, Milton Keynes, Watford, and Manchester. Our digital portal and personable service ensures a seamless process, no matter where you are in the country.