Four in 10 mortgaged landlords plan to remortgage in the next 12 months, averaging 2.9 loans each, Paragon finds
£62 billion of fixed-rate buy-to-let mortgages are due to mature in the year to August 2027, and the landlords behind them are already moving. New research from Paragon Bank finds that 38% of mortgaged landlords plan to remortgage or switch product within the next 12 months. Each intends to refinance an average of 2.9 loans.
The figures point to a significant buy-to-let remortgage pipeline, driven by the maturation of five-year fixed-rate deals originated during the 2021 and 2022 property boom. For mortgage brokers, that pipeline represents a substantial volume of buy-to-let refinancing business coming due within a short window. The stamp duty holiday drove a surge in buy-to-let purchases during that period, with Paragon’s research noting record levels of new business in both years.
Remortgages accounted for three quarters of buy-to-let business during the first half of 2026, according to Louisa Sedgwick, managing director of mortgages at Paragon Bank.
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What the Paragon survey on buy-to-let remortgages shows
The Paragon survey found that a quarter of landlords (26%) hold mortgages across all their rental properties. A further 43% own outright, and 31% carry a mix of mortgaged and unencumbered stock. For those who carry a mix, the upcoming maturities may prompt a broader review of how the whole portfolio is structured and financed.
Refinancing activity has accounted for the bulk of buy-to-let business through 2026, making the maturity conversation a central part of many broker-client interactions this year.
For landlords with unencumbered properties, the research highlights an option: raise finance against them to fund upgrades or further investment.
How are brokers approaching the buy-to-let remortgage wave?
The maturity pipeline represents more than a transactional workload. “For brokers, that creates an opportunity to work with landlords ahead of upcoming maturities, looking across their portfolios at refinancing requirements as well as wider borrowing needs, such as releasing equity for property improvements or future investment,” Sedgwick said.
She added that where landlords have several properties approaching maturity at the same time, there are practical advantages to reviewing multiple loans together. Doing so as part of a wider portfolio conversation can surface requirements the immediate refinance alone would miss.
Looking beyond the transaction
The data carries a broader message for brokers working in the buy-to-let space. A landlord approaching a maturity date is also a landlord whose portfolio economics are temporarily in focus. For brokers advising portfolio landlords, that creates a natural opening to discuss equity release, property improvements, and long-term portfolio structure.
“Upcoming maturities also give brokers an opportunity to look beyond the immediate refinance and consider a landlord’s wider portfolio funding requirements," Sedgwick said. "That could include raising capital against unencumbered properties or releasing equity from existing investments to finance improvements or support further investment, subject to lending criteria and affordability.”
The buy-to-let remortgage pipeline is not simply a volume story. For brokers who understand the full picture at each maturity date, the conversation becomes as much about portfolio strategy as product selection.
