For advisers, remortgaging is an important opportunity to engage borrowers. UK Finance predicts that around 1.8 million mortgage deals are expected to expire this year, with significant refinancing activity anticipated in 2027.

This includes borrowers who will be new to the remortgaging process and those who will be coming off a mix of low and high fixed-rate deals. In all cases, personalised advice can help borrowers make sense of the market and choose an option that reflects their individual needs.

A remortgage is much more than a product decision. It is one of the largest financial commitments people will revisit, often after their circumstances and priorities have changed. The conversation gives advisers an opportunity to assess the mortgage alongside protection and longer-term financial plans, helping clients build greater financial resilience.

Looking beyond the rates

Choosing the right mortgage is not simply about finding the lowest rates. Advisers can assess how product fees, incentives, early repayment charges and different fixed-rate periods affect the overall costs and suitability.

They can also consider whether a product offers the flexibility a client may need, such as the ability to make overpayments, move home or adapt if circumstances change.

This advice is particularly valuable when markets are uncertain and products change quickly. By comparing mortgage options against affordability and future plans, advisers can help clients navigate the market with confidence.

Using the review to understand financial resilience

The wider remortgage conversation is also an important opportunity to test how resilient the household would be if circumstances changed.

That means exploring whether savings, sick pay and existing protection could cover the mortgage and essential outgoings following illness or injury. It also means considering whether the new mortgage deal still supports the borrower’s longer-term goals, particularly where extending the term could carry housing costs further into later life.

Borrowers may understandably be juggling immediate financial demands, but advisers can help them consider how protection could safeguard their ability to meet housing costs and continue progressing towards longer-term goals.

Bringing these considerations together helps turn the remortgage review from a transaction into a broader assessment of affordability, resilience and future priorities.

The protection conversation

A protection policy arranged several years ago may no longer provide the right level of support, as a client may have since been married, changed jobs, received a promotion or started a family.

Advisers can review whether existing arrangements still reflect the mortgage balance and term, household income, dependants and other commitments. This helps identify where changes in a client’s life have created gaps or altered the level of support needed.

The adviser’s role therefore extends beyond arranging a mortgage or reviewing cover in isolation. It involves showing clients how those decisions interact and support their wider financial goals.

The future of the issue

Mortgage terms chosen today can shape a client’s long-term financial position. That’s why advisers play a vital role in considering mortgage and protection needs together, balancing short-term affordability and future flexibility to build their clients’ financial resilience.

The industry cannot predict exactly where mortgage rates will go next, but it can help advisers respond quickly and deliver the best possible outcomes for borrowers. Technology and product innovation can support that work, while advisers provide the judgement and reassurance clients need.

By championing high-quality professional advice and supporting the advisers who deliver it, we can help borrowers navigate the market with confidence and strengthen their long-term financial security.

Clare Beardmore is director of mortgage club at L&G