London Property29 April 2026·6 min read

Is Now a Good Time to Remortgage in London? (2026 Guide)

After two years of rate uncertainty, the mortgage market has stabilised. For many London homeowners whose fixed deals are ending in 2026, the timing is better than it was in 2023.

What is happening with remortgage rates in 2026?

Two-year and five-year fixed remortgage rates are now available from around 3.8-4.8% depending on your LTV - a significant improvement on 2023.

Rates remain higher than the sub-2% deals of 2020-2021, but remortgaging now rather than sitting on SVR (typically 7-8%+) can still save hundreds per month.

Who should remortgage right now?

If your fixed deal ends in the next 6 months, start now. Most lenders let you lock in a rate up to 6 months in advance.

If you are already on SVR, remortgage immediately. If your circumstances have improved - better credit, higher income, lower LTV - you may qualify for significantly better rates.

The London-specific picture

London property values mean small rate changes have a large impact. A 1% rate difference on a 600,000 mortgage saves 500 per month - 6,000 per year.

Prime central London properties often benefit from private bank rates not available on the high street. As an independent broker, we have access to these products.

Roger Cooper – CeMAP Qualified Mortgage Adviser

Roger Cooper

CeMAP Qualified Mortgage Adviser | FCA Regulated

Roger has over 15 years of experience as an independent mortgage adviser. CeMAP qualified and FCA regulated, he specialises in complex mortgage cases including self-employed applicants, portfolio landlords, expat mortgages and high-value purchases across Greater London and the Home Counties.

CeMAP QualifiedFCA Regulated15+ Years ExperienceWhole-of-Market

All advice provided by Mortgage International is given by CeMAP qualified advisers regulated by the Financial Conduct Authority.

Frequently asked questions

When should I start looking for remortgage rates?
Start looking 3-6 months before your current deal expires. Most lenders allow you to lock in a rate up to 6 months in advance.
Can I remortgage to release equity in London?
Yes. Many London homeowners remortgage to release equity for home improvements or other major expenses. The amount depends on your property value, outstanding mortgage, and lender criteria.
Should I use my existing lender or switch?
A product transfer is quick but not always the cheapest option. By searching across 90+ lenders we regularly find better rates elsewhere. We always compare both options.
Important information: This article is for general information purposes only and does not constitute financial advice. Mortgage eligibility and rates vary by individual circumstances. Mortgage International is an appointed representative of The Right Mortgage Limited, authorised and regulated by the Financial Conduct Authority (FCA Ref: 478810). Your home may be repossessed if you do not keep up repayments on your mortgage.

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