Roughly one in six UK mortgage holders comes to the end of a fixed-rate deal in any given year. In 2024 and 2025 that meant around 1.6 million and 1.8 million deals respectively, according to UK Finance, and lenders expect a similar scale through 2026 as two-year fixes taken out in 2024 mature alongside the final wave of cheap five-year fixes agreed in 2021. For mortgage brokers this is the largest, most predictable source of remortgage demand in the market. This page sets out the numbers, explains the payment shock driving borrowers to seek advice, and shows how that demand reaches brokers — including through purchased remortgage leads.
How many fixed-rate mortgages end in 2026?
Well over a million. UK Finance's maturity data, which tracks when existing fixed deals are due to end, has pointed to between 1.5 and 1.8 million fixed-rate deals ending in each of 2024, 2025 and 2026. The exact 2026 figure moves as lenders report, but the order of magnitude is stable: around 100,000 to 150,000 households a month reach the end of a fix and must either take a new deal, move to their lender's standard variable rate, or remortgage elsewhere.
Two cohorts dominate 2026:
- Five-year fixes from 2021. Borrowers who fixed in 2021 did so at some of the lowest rates ever offered — commonly 1.5-2.5%. Their deals end through 2026. These households have had five years of very low payments and face the biggest increase.
- Two-year fixes from 2024. Borrowers who fixed in 2024 did so at roughly 4.5-5.5%, often because they expected rates to fall. Their deals end in 2026 and they are actively looking to see whether they can now do better.
The payment shock behind the demand
A borrower moving from a 2021 fix to a new deal in 2026 is typically looking at a payment increase of several hundred pounds a month. The table below shows a £200,000 repayment mortgage over 25 years at three rates: the kind of rate common in 2021, a typical new fixed rate in 2026, and a typical lender SVR.
| Rate | Monthly payment | Change vs 1.8% |
|---|---|---|
| 1.8% (2021 five-year fix) | £828 | — |
| 4.5% (typical 2026 new fix) | £1,111 | +£283 a month |
| 7.5% (typical lender SVR) | £1,478 | +£650 a month |
The gap between the new-fix row and the SVR row is the broker's value proposition in one line: a household that does nothing and rolls onto SVR pays roughly £350-£400 a month more than one that remortgages onto a competitive fix. That is why remortgage leads convert well — the consumer can see the cost of inaction in pounds.
Who is coming off a fix in 2026?
The 2026 cohort skews toward three groups that matter for how brokers work the leads:
- Home movers from 2021. The 2021 stamp duty holiday pulled a large number of purchases forward, and many of those buyers took five-year fixes. They are now five years into ownership with equity built up, which widens their lender options and often opens up further-advance conversations.
- Rate-expectation refinancers from 2024. These borrowers chose two-year deals deliberately to re-enter the market when rates fell. They are engaged, rate-aware, and will shop around — speed and a clear comparison win them.
- SVR drifters. A persistent minority of borrowers let a deal lapse and sit on SVR for months. In our data roughly 30-40% of remortgage enquiries come from people already on SVR. They are the most urgent leads and often the most grateful clients.
Product transfers vs remortgages
Most borrowers coming off a fix now take a product transfer — a new deal with their existing lender — rather than remortgaging to a new one. UK Finance data has shown product transfers accounting for the large majority of refinancing activity in recent years. That does not shrink the broker opportunity: product transfers can be advised and earn a proc fee, and a broker who reviews the whole market will frequently find the existing lender's retention deal is not the best option, particularly for borrowers whose circumstances or equity have improved. The practical point is that a broker working remortgage leads should be ready to place either outcome. We cover the difference in remortgage vs product transfer leads.
Where the 2026 demand shows up
Borrowers approaching a deal end typically start searching three to six months out, prompted by the lender's maturity letter. Search demand for terms like "remortgage deals", "fixed rate ending what to do" and "should I remortgage now" rises in step with maturity volumes. That search activity is where lead generation happens: comparison and advice websites, Google and Meta campaigns, and rate-check tools capture the enquiry, verify the consumer's phone number and pass it to a broker.
Lurvo Digital generates remortgage enquiries across its own consumer websites and paid campaigns on Google, Meta and TikTok, and can currently supply up to 100 exclusive remortgage leads a day UK-wide. Contact rates on those leads run at about 83% and the refund rate is 1-2% — both the best of any lead type we offer, and a direct consequence of the deadline-driven demand described above.
What brokers should do about it
- Mine your own back book first. Every client you placed on a two-year fix in 2024 or a five-year fix in 2021 is due a review. A simple diary trigger four months before deal end is the cheapest remortgage lead you will ever generate.
- Add a bought-lead stream to fill the gaps. Back-book reviews are lumpy. Purchased remortgage leads at £10-£20 give you a controllable, daily flow to keep the pipeline level. Our guide to buying remortgage leads explains how to test a supplier properly.
- Build the response process before the volume. A 15-minute first-call target and a five-touch follow-up sequence roughly double conversion. The remortgage follow-up script gives you the exact wording.
- Lead with the SVR comparison. Showing a borrower what they will pay on SVR against a new fix, in pounds per month, is the most persuasive thing you can say on a first call.
- Attach protection to every rate review. A deal-end review is a natural moment to revisit life and income cover, and it is where most of the margin in a remortgage case comes from.
Sources and caveats
Maturity volumes are drawn from UK Finance's published mortgage market data and lender forecasts and are rounded; the exact number of deals ending in 2026 will only be known in retrospect. Rate examples are illustrative of typical pricing at the time of writing and will vary by lender, loan-to-value and borrower circumstances — they are not quotes. Contact, refund and conversion figures are from Lurvo Digital's own platform data, published in our 2026 lead benchmarks. We will update this page as new maturity data is released.