Remortgaging Hits All-Time High as Borrowers Flee Higher Rates
Home » Remortgaging Hits All-Time High as Borrowers Flee Higher Rates
New figures published this week show a spike in the number of homeowners seeking a remortgaging deal online and advisors are urging other mortgage-holders to follow suit. The data from unbiased.co.uk reveals that searches for a remortgage were at an all time high in March, with 37 per cent of all mortgage searches specifically concerning remortgaging. In February this figure stood at 33 per cent and in March 2012 was just 31 per cent of mortgage searches. Analysts believe that recent mortgage rate increases by big name lenders and the looming tightening of lending criteria have spurred more people on to seek remortgaging as a solution to bigger bills and a way to get a better deal ahead of any changes to the lending rules. One of the factors that sparked fears of tougher new regulations was last week’s warning from the Financial Services Consumer Panel that borrowers could find remortgaging much harder when the recommendations of the watchdog Financial Services Authoritys Mortgage Market Review kick in next year. The tighter lending criteria are set to affect some 11.2 million mortgage-holders who are trapped in their interest-only deals, plus a million-plus borrowers affected by the standard variable rate increases announced by the likes of the Co-operative Bank, Halifax, the Clydesdale and Yorkshire banks and the Bank of Ireland. The advice for anyone who may be affected is simple and clear now is the right time to get on the net and shop around for the best possible remortgage deal while they have the breathing space.
Published on 24 April 2020
SHARE
About the author:
The Mortgage Broker
The Mortgage Broker is an award-winning UK mortgage and protection specialist with decades of experience helping thousands of customers secure suitable and affordable mortgage solutions. Regulated by the Financial Conduct Authority, all advisers are minimum CeMAP-qualified and known for delivering clear, transparent, and expert guidance whether helping first-time buyers, home movers, remortgage clients or those with complex or adverse-credit needs. Recognised as a finalist at the Mortgage Strategy Awards 2025, The Mortgage Broker combines digital speed with human trust, offering access to over 130 lenders and more than 25,000 products. The company’s app, secure client portal and easy-to-use tools make it simple for customers to compare rates, track progress, and stay informed from start to finish.
With more than 2,500 verified five-star Trustpilot reviews, clients consistently praise the firm’s professionalism, value for money, and personal service. Reviews highlight the team’s ability to explain complex mortgage and protection topics in plain English, providing support throughout the entire journey. The company’s reputation for knowledge, empathy, and reliability has made it one of the UK’s most trusted brokers, delivering advice that is honest, transparent, and tailored to each individual’s financial goals.
Every part of The Mortgage Broker’s service reflects Google’s E-E-A-T principles: Experience, Expertise, Authoritativeness, and Trustworthiness. Its team has decades of hands-on industry knowledge, proven technical expertise, and national recognition supported by awards, media features, and verified customer feedback. As an FCA-regulated firm with a 5-star reputation, The Mortgage Broker stands for no-nonsense advice, common-sense lending, and exceptional customer outcomes — setting the standard for trusted mortgage advice across the UK.
Held on 18 June 2026 at The Cambridge Belfry, Cambourne, Cambridge. Written By Sam Kirtikar At The Mortgage Broker our mortgage & protection advisers support customers across the UK, from the South Coast to Scotland. That national reach is a real strength but it also comes with its challenges. Remote and hybrid working is now … Continue reading “Another Fantastic Event: TMB Summer Event 2026”
Written by Fiona Simpson, Mortgage Adviser, The Mortgage Broker, Edinburgh The Scottish Government’s new First Homes Fund is now LIVE. It gives eligible first-time buyers in Scotland access to a shared equity contribution of up to £10,000 towards buying a home worth up to £300,000. This scheme will be searched by many people as the … Continue reading “Scottish First Homes Fund: What First-Time Buyers Need to Know”
Written by Jodi Spreadbury, Senior Mortgage and Protection Broker, The Mortgage Broker Low deposit mortgage schemes are getting a lot of attention, and his week (May 18th 2026) Halifax have launched their own low deposit mortgage scheme for First Time Buyers (FTB), requiring a minimum deposit of just £5,000 with a 5 year fixed rate … Continue reading “Low Deposit Mortgage Schemes: Can You Buy With 5% or £5,000 Deposit?”
View all posts by The Mortgage Broker 
