Improved market conditions are expected to fuel the remortgage market this year, according to the Intermediary Mortgage Lenders’ Association. Gradually reducing mortgage rates mean borrowers are more likely to meet affordability criteria when remortgaging, reducing the need to use a product transfer with the same lender. The trade body predicted remortgage volumes to rise from £93bn in 2025 to £103bn in 2026 and £110bn in 2027. Kate Davies, executive director of IMLA, said: “The re-emergence of remortgaging is a healthy development for the market. “For many people, a remortgage is a natural opportunity to take stock and reassess their wider financial position.