Major lenders including HSBC, Nationwide and Halifax have kicked off the new year by reducing rates on their fixed mortgage deals to as low as 3.5%. It’s good news for the 1.8 million people with existing fixes due to end in 2026. But where will rates go from here – and should you fix your mortgage now or wait?
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What next for mortgage rates – and how long should you fix for?
Mortgage rates are on the rise for the first time in eight months, as lenders exercise caution ahead of possible tax rises in November’s Budget.
Read MoreInterest rates held at 4%: Will it impact savings and mortgages?
The Bank of England has held interest rates at 4% offering some relief to savers and disappointment for borrowers.
Read MoreNew BTL mortgages offer favourable rates to best EPCs
Paragon Bank has bolstered its range of buy-to-let mortgages by launching limited edition two-year fixed-rate products.
Read MoreUK interest rate cut: what does it mean for mortgages and savings?
The Bank of England has voted to cut the cost of borrowing, reducing the base rate to 4.25%. Here’s what it means for you
Read MoreMajor bank cuts mortgage rates and now has a 3.79% best buy – here’s who can get it
It is the latest mortgage lender to cut rates below 4%
Read MoreParagon Bank launches limited-edition buy-to-let mortgages with cheapest 5-year fix since 2022
Paragon Bank has launched a series of limited-edition buy-to-let mortgage products, including its cheapest 5-year fixed rate since August 2022.
Read MoreMortgages under 4% are back but dangers lurk for borrowers
All major UK lenders are now offering fixed mortgage deals with an interest rate of less than 4%, but brokers say further cuts are not guaranteed.
Read MoreAverage mortgage rates continue to tick down with two-year fixed rates most impacted, Rightmove says
Average mortgages rates have continued to decrease, with the biggest fall year-on-year applied to two-year fixed rates, figures show.
Read MoreWill UK Mortgages Get Cheaper in 2025?
Earlier this week we published an outlook for UK house prices. Now we look at mortgages, a key driver of housing market activity. Without the £1.7 trillion of mortgage finance, the whole ecosystem can’t function effectively. And that financing suddenly got more expensive in 2022 after a rapid increase in interest rates. While mortgage rates started to fall in 2024, there are some risks to the narrative that affordability will improve significantly this year. A surprise curveball has come from the UK government bond market in recent weeks.
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