Britain’s movers are “hitting the brakes” because the ratio of remortgage searches to buy mortgages soars forward, in accordance with new figures from finance tech firm Twenty7tec.
Analysing information from July 2025, it discovered that advisers dealt with 885,774 remortgage searches in contrast with 938,060 buy searches, a ratio of 94%. It is a vital rise from the 75.4% ratio 12 months in the past. In 2021 – most definitely due partly to the Covid-19 pandemic –remortgaging accounted for simply 56% of buy quantity. It’s the third yr in succession that the ratio has risen.
Remortgage circumstances have already reached 5.96 million midway via the yr, Twenty7tec’s information reveals, which means advisers are on monitor for one of many busiest years for refinancing in current historical past. It places this all the way down to With, the newest information from the main mortgage tech agency reveals remortgaging figures are virtually degree with these shopping for a brand new residence.
Nathan Reilly, director at Twenty7tec, explains: “Rising prices, charge uncertainty and stretched affordability are all reshaping home-owner behaviour – and the info reveals it. Owners are more and more selecting to remain put and refinance slightly than tackle the monetary and logistical challenges of transferring.
“Many are opting to reinvest of their present property as an alternative. Larger mortgage charges have additionally made upsizing more durable, significantly for individuals who locked in ultra-low offers only a few years in the past.
“On prime of that, with many consumers getting onto the property ladder later in life, their focus is usually on securing charge certainty, decreasing month-to-month funds, or releasing fairness – not transferring up the ladder at pace.”
