February is often viewed as a quiet limbo month in the property world - a cold bridge between the New Year’s resolutions of January and the frantic activity of the spring. However, for savvy buyers and sellers in London, February is secretly the most important month of the year.
In the industry, we call this ‘planning month’. It is the vital window where you move from casually browsing Rightmove to actually positioning yourself as a buyer. If you are aiming for a successful move during the peak spring season, the groundwork starts right now.
Here is how you can beat the March rush and navigate the unique challenges of the 2026 mortgage landscape with confidence.
The 2026 landscape
The 2026 property market is operating under a specific set of pressures that we haven't seen in years. Data from UK Finance shows that approximately 1.8 million fixed-rate mortgages are set to end throughout 2026. This represents a massive wave of households who will be looking to remortgage or sell their homes simultaneously.
When the spring market officially ‘springs’ in March, the influx of these 1.8 million homeowners, combined with the traditional seasonal surge, will create a highly competitive environment. In popular London hotspots where demand consistently outstrips supply, the March rush can be overwhelming. To win in this environment, you need to be ready to act while others are still hunting for their paperwork.
Step 1: Secure Your Decision in Principle (DIP)
The most critical tool in your arsenal right now is a Decision in Principle (DIP). In 2026, the market has moved away from the wait and see approach of previous years. Most estate agents today are instructed by sellers to prioritise qualified buyers. This means they may not even put your offer forward, or in some cases, even grant a viewing, unless you have proof that your lending is viable.
By booking a mortgage appointment this month, you can get a DIP in place. This document is essentially a green light from a lender. It proves your serious buyer status and, crucially, gives you a clear and realistic budget. In a fluctuating market, knowing exactly what you can borrow allows you to filter your search effectively and jump on the right property the second it hits the market.
Step 2: The February Window for Financial Auditing
Before the frantic pace of March begins, use this month to conduct a deep-dive audit of your financial health.
Check Your Credit Rating: Lenders in 2026 are being more selective. Use this month to check and improve your credit score. Even small fixes to your credit file can mean the difference between a standard rate and a best-buy deal.
Assess Your Equity: If you are selling a home to move, have you checked how much equity you truly have after the recent market shifts? Our team provides expert mortgage help to calculate your moving costs accurately, including the latest Stamp Duty rates for 2026.
Stress-Test Your Budget: While the Bank of England base rate has shown signs of stabilisation, we always advise our clients to plan for a buffer. Ensure your lifestyle can handle your new mortgage payments even if rates shift slightly during your move.
Step 3: Organise Your Digital Paperwork
The 2026 mortgage application process is faster than ever, but it is also more data-hungry. Mortgage applications move at the speed of your documentation. We recommend our clients use the Skyline Mortgage Portal to securely upload and store documents like:
Last three months of payslips (or two years of accounts if you are looking for self-employed mortgages)
Bank statements showing your deposit and day-to-day spending
Proof of ID and address
Having these ready in February means that when you find your dream home in March, your application can be submitted at the click of a button, putting you weeks ahead of other bidders.
Why Local Expertise Matters
Working with a local independent mortgage broker who understands the local geography is vital. Whether you are a first-time buyer trying to find your way or a seasoned mover looking for a specialised home moving mortgage, timing and local insight are your greatest assets.
Don’t Wait for March
Don't wait for the March headlines to tell you the market is busy. By then, the best properties may already be under offer. Be the buyer who is already prepared, already qualified, and ready to move.
Ready to get your Spring move moving? Book an online consultation with Tony today to secure your Decision in Principle.
Your home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. A fee may be charged for mortgage advice. The amount will depend on your circumstances.
Skyline Mortgage Consultants Ltd is an Appointed Representative of The Right Mortgage Ltd, authorised and regulated by the Financial Conduct Authority.