As a homeowner in Scotland, you’ve likely noticed a lot of chatter around interest rates, property values, and mortgage deals lately. If your current mortgage deal is coming to an end—or even if it’s not—remortgaging might be worth considering. But is now really the right time to make the move?
Let’s take a look at what’s happening in the market and what it means for you.
The 2025 Mortgage Landscape in Scotland
The past few years have been anything but predictable. After a period of rising interest rates aimed at curbing inflation, things are starting to stabilise. The Bank of England has recently paused rate hikes, and while rates remain higher than the ultra-low levels we saw in the late 2010s, there’s growing optimism among lenders.
What does this mean for you?
Some fixed-rate remortgage deals are becoming more competitive again—especially for those with good equity in their homes. And in places like Glasgow, Aberdeen, and parts of the Highlands, property prices have held relatively steady, helping many homeowners maintain strong loan-to-value ratios.
Top Reasons Scottish Homeowners Are Remortgaging in 2025
Securing a Better Rate
If your fixed-rate deal is ending soon, you could end up on your lender’s standard variable rate (SVR), which is typically higher. Remortgaging now could help you lock in a more competitive rate and save money monthly. The FCA estimates you could save between £800 – £4,400 per year by remortgaging. Get in touch to find out about the best deal for you.
- Home Improvements
With more people choosing to improve rather than move, remortgaging to release equity for home renovations is a growing trend—particularly in areas like the Borders and Fife where house values have increased. - Debt Consolidation
If you’re managing multiple debts, rolling them into a single remortgage can simplify things and potentially lower your monthly outgoings (but it’s important to get advice to avoid stretching short-term debt over a longer term). - Switching to a Green Mortgage
Some Scottish lenders are offering better rates if you’re improving your home’s energy efficiency—ideal for older properties common in Edinburgh or rural areas.
Should You Remortgage Now or Wait?
Timing your remortgage is key. Here are a few questions to ask yourself:
- Is your current deal ending within the next 6 months?
- Has your home increased in value since you last mortgaged?
- Are you worried about potential rate rises later in 2025?
- Are you planning home improvements or need to free up cash?
If you’ve answered yes to any of these, a remortgage review could be a smart move.
Scotland-Specific Considerations
- Legal Process: In Scotland, the conveyancing process differs from the rest of the UK. You’ll need a solicitor familiar with Scottish property law.
- Property Values: Local market performance varies greatly—Aberdeen’s market behaves differently to Edinburgh’s, so local expertise really matters.
Ready to Explore Your Options?
At Every Mortgage Matters, we specialise in helping Scottish homeowners navigate remortgaging with confidence. Whether you’re looking to save money, fund a project, or simply want to review your options, we’re here to help.
Book a remortgage review today – no jargon, no pressure, just clear advice from your local experts. Contact us today!
Disclaimer: Your home may be repossessed if you do not keep up repayments on your mortgage.