Four in 10 landlords with buy-to-let mortgages are planning to refinance over the next 12 months, according to new research. The study found that 38% of landlords intend to remortgage or arrange a product transfer, with each landlord managing an average of 2.9 loans.
The survey, commissioned by Paragon Bank, included nearly 600 landlords. Louisa Sedgwick, managing director of mortgages at Paragon, noted that remortgaging accounted for three-quarters of buy-to-let business in the first half of 2026.
This trend is expected to continue, partly due to record new business levels in 2021 and 2022 when landlords benefited from a Stamp Duty holiday. Five-year fixed-rate mortgages taken out during this period are now reaching maturity.
Industry figures show that the value of outstanding fixed-rate buy-to-let mortgages set to mature in the year to the end of August 2027 stands at £62 billion. Landlords may consider borrowing against mortgage-free properties or releasing equity from existing investments for improvements or further purchases, subject to lending criteria.