The market has slowed down slightly, but overall activity is significantly healthier than last year.

The rate has reduced to 4.81% following a cut to the Society’s SVR.

29% of mortgage holders report they either have or will be remortgaging in 2025.

Rates have reduced by up to 0.18% across two and five-year fixes.

Simon Jackson, managing director of SDL Surveying, explores the reasons 'down valuations' tend to crop up more often in remortgage cases than in purchase transactions.

Lee Chiswell, head of mortgages at Barclays UK, takes a look back at Q1 and explores what Q2 has in store for an increasingly buoyant remortgage market.

It will also accept applications for capital raising where the applicant has sufficient equity in an existing property.

There was a 76% increase in remortgage searches by over 65s between Q4 2024 and Q1 2025.

The lender has reduced two, three and five year fixed rates by up to 0.17%.

The lender has also trimmed purchase rates by up to 0.09%.