November 2025 Mortgage Market Outlook: The Moment to Act and Remortgage Before the Autumn Budget
Why Remortgaging Now Could Be the Smarter Move
There are three key reasons why reviewing your mortgage now could be advantageous:
- Rates are stable, for now.
With the base rate unchanged, lenders are keeping pricing steady. But this is unlikely to last. The Chancellor’s Autumn Budget may introduce fiscal changes that trigger market volatility, regardless of whether the Bank of England changes its rate. - Lender appetite is still healthy.
Most lenders are pricing competitively, especially for borrowers with strong profiles. Banks want to lend, but they may tighten criteria or adjust pricing if the Budget includes tax changes, spending cuts, or signals further economic caution. - You can lock in a rate up to six months in advance.
If your current mortgage deal ends in the next six months, you can secure a new rate now and switch when your current deal finishes.
By securing a rate today, you can lock in your next deal early, while still retaining the option to switch if something better becomes available. This means you don’t need to second-guess the market or wait anxiously for the Budget outcome. Your next rate is already secured, and if pricing improves, we can adapt your application accordingly.
That’s where Henry Dannell becomes invaluable. We continually monitor the market on your behalf, watching for price movements and lender changes. If more competitive terms appear before your remortgage completes, we can help you swap products mid-application, ensuring you benefit from the best available rate without restarting the process.
This approach offers both certainty and flexibility:
- Certainty that you won’t be caught out by sudden rate increases.
- Flexibility to benefit if rates fall before your switch takes place.
What Might Change After the Budget?
The Autumn Budget is expected to clarify the Government’s fiscal stance ahead of the General Election. It could include:
- Tax policy changes, particularly affecting landlords, higher earners or capital gains.
- Spending adjustments that influence inflation expectations and borrowing forecasts.
- Confidence signals that may push swap rates, and therefore mortgage pricing (up or down).
Even in the absence of a base rate change, lenders may take a cautious approach if market sentiment shifts. In short, the cost of waiting could be material.
For More Complex Borrowers, The Stakes Are Higher
If your financial circumstances don’t fit a standard model, for instance, if you are self-employed, a partner in a firm, a landlord, or in a career transition, you are more exposed to lender interpretation and changing appetite.
At Henry Dannell, we’re seeing strong support from lenders right now for clients with more complex profiles:
- Self-employed professionals can still use forecasted income or limited accounts if presented correctly.
- Later-life borrowers are being offered term-based mortgages well past traditional retirement age, especially with strong assets or ongoing income.
- Portfolio landlords may find today’s window an opportunity to review structure and gearing before further tax or regulatory changes take effect.
- Clients with cross-border profiles continue to access UK lending via international banks, though FX and compliance conditions could tighten after the Budget.
If you’re planning to refinance, restructure or expand your borrowing, the weeks before the Autumn Statement may represent your best chance to do so under current favourable conditions.
What This Means For You
If your mortgage ends between now and spring 2026, there is no downside in starting a review now.
- You’ll understand your options early.
- You can secure a rate and revisit it later if markets move in your favour.
- And most importantly, you’ll avoid being rushed into a decision under less favourable conditions.
This is a moment of control. Once the Autumn Budget is delivered, lenders will respond quickly to reprice products or adjust terms. Acting now means making decisions from a position of strength, not urgency.
An Invitation to Plan Ahead
Remortgaging shouldn’t be reactive. It’s a strategic opportunity to reassess your wider financial plan, reduce outgoings, or free up liquidity for other goals.
At Henry Dannell, we work with clients across the spectrum, from straightforward refinancing to structuring for complex income, later-life lending, and international arrangements. Our role is not simply to find a rate, but to ensure that your mortgage works for your longer-term ambitions.
If you’d like to explore your options ahead of the Autumn Budget, we would be pleased to offer a tailored review.