Providing expert mortgage advice for over 28 years.
Providing expert mortgage advice for over 28 years.
Mortgage rates are expected to drop slowly during 2025. This will make it easier for borrowers to afford loans.
The Bank of England is likely to lower interest rates more. This will help decrease mortgage costs.
Predicted mortgage rates could reach between 3.5% and 4%. This means potential savings for homebuyers and people looking to remortgage.
High inflation might slow down how fast rates drop. However, the overall view is still bright.
The shelf life of mortgage products has gotten shorter. Now, the average is just 16 days, showing how fast the market is changing.
Acting quickly can help borrowers get good rates before offers are taken away.
If your mortgage deal ends within six months, it’s smart to start the remortgage process early. This helps you avoid expensive standard variable rates, which are now averaging 7.68%.
Using a mortgage broker can give you expert advice. They have access to more than 75 lenders and special deals, helping you manage the changing market easily.
Forecasters think the Bank of England will lower interest rates more in 2025. This means UK mortgage rates might also decrease slowly during the year. This could lead to cheaper borrowing for homeowners.
It’s important to be careful when thinking about this prediction. Recent market problems and rising inflation might slow down future rate changes. Borrowers should think about their choices carefully. They should decide whether to lock in a mortgage rate now or wait for possibly lower rates.
The Bank of England expects to be careful in 2025. We think mortgage rates will still go up and down, even if we see lower rates.
Several important things will affect mortgage rates in 2025. These are:
Inflation Levels: High inflation for a long time may make the Bank of England delay lowering interest rates more.
Economic Growth: A slow recovery or a downturn in the economy could lead the Bank of England to reduce interest rates. This might lower mortgage rates.
Global Events: Things happening outside the UK, like political issues or money problems, can affect the UK economy and mortgage rates.
Keeping an eye on these factors will help borrowers choose the right time to get a mortgage.
Predictions say that rates may drop to between 3.5% and 4%. This could help new borrowers save money. Since mortgage rates change often, it’s important to choose the right time to apply.
Using a skilled mortgage broker like us will help you handle changes and get the right deal that fits your needs.
Markets think the Bank of England might cut interest rates two or three more times this year. However, waiting for mortgage rates to go down has some risks. The rates might not fall as expected. Also, they could even increase because of unexpected changes in the economy.
As a homeowner, if you want to find a good rate, now is a great time to check your options. In March 2025, the time a mortgage product is available has dropped to 16 days. This is less than the 36 days it was in February.
Mortgage products are quickly disappearing from the market. If you find a good mortgage rate, you should take action fast to not lose that opportunity.
You can feel confident knowing that with us, you can lock in a mortgage rate up to six months before your current deal ends. If a better rate becomes available, you may switch to it before finalising your mortgage.*
If your mortgage deal is ending, waiting for lower rates might put you on your lender’s Standard Variable Rate (SVR). These rates tend to be higher, which means you will have to pay more each month. Right now, the average Standard Variable Rate (SVR) is a shocking 7.68%.
If your mortgage deal ends in the next six months, or especially in four months, it’s a good idea to start the remortgage process now. By locking in a rate, you can have a deal ready while still keeping your options open. If rates drop before your fixed rate ends, you can change to the lower rate.*
We offer a free Mortgage Rate-Check Service. This service helps you get the lowest mortgage rate possible. It’s available in the UK.
It’s very important to think about more than just the mortgage rate. Some offers come with high fees that can be more than the savings from a lower interest rate. Always check the full cost of a mortgage, including all fees, so you can make a smart choice.
The mortgage market can feel overwhelming. This is especially true with changing rates and extra fees. We will:
Give fee free expert mortgage advice that works for your budget. We will also inform you of any additional costs that may be involved.
Compare mortgage options from more than 75 lenders to get the best rates.
Access special mortgage deals available only for brokers.
Provide expert guidance on the overall cost of the mortgage.
Figure out if fixing your mortgage now is the best choice.
We have given clear, expert mortgage advice for more than 29 years. Our satisfied customers are always central to our work. We help clients at every step, from starting the application to finishing the process.
We focus on getting to know our clients well. This helps us find the right mortgage products for their needs. Whether you are a first-time buyer, home mover, remortgager, landlord, or someone looking for protection, our team of 39 special advisors is always here to help.
*Switching lenders may incur additional costs
At New Homes Mortgage Services LLP, we strive to provide accurate and up-to-date information at the time of publication. However, due to the dynamic nature of the property market, details may change and this content is intended for general informational purposes only. It does not constitute financial or professional advice and should not be relied upon as such.
We cannot accept responsibility for any decisions made based on this information. For advice tailored to your individual circumstances, please consult our qualified mortgage advisors. We recommend that you independently verify any important details before making financial commitments.
