Sidney Wager, head of intermediary market development at Barclays, explores how increased optimism and confidence in the market is shaping the remortgage market for 2024.

The month saw a noticeable shift towards shorter-term fixed rate options.

Two-year fixes remain the most popular product.

Further work is now underway to fully integrate PEXA into Shawbrook’s application journey.

Internal product transfers increased by 11% in 2023.

Product transfer and further advance products have reduced by up to 0.92%, with remortgage rates also seeing significant cuts.