Product transfer season is coming: is your pipeline built for the volume?
Before writing this, it is worth being upfront about one thing. Nobody publishes a month by month breakdown of exactly when fixed rate mortgages come to an end. A Freedom of Information request asking for precisely that figure was turned down in 2023 because the data simply does not exist in that form anywhere in government, and UK Finance would charge to produce it. So there is no clean answer to which specific month counts as peak season this year. What there is, is a much more useful set of numbers about scale, timing mechanics, and where the volume actually ends up going, and that turns out to matter more than the calendar does. The scale is not in question UK Finance estimates around 1.8 million fixed rate mortgages are due to expire in 2026, up from 1.6 million in 2025. Product transfers are forecast to reach £261 billion this year, alongside a further £77 billion in external remortgaging, a 10 per cent rise on 2025. Product transfer activity does not appear in official mea...