UK mortgage interest rates can change quickly at the moment, depending on the current cost of swap rates, Bank of England (BoE) base rate announcements, and lenders' discretion. In this article, we break down the current average mortgage rates in the UK and look at the potential direction...
Therefore, we stand by our (data-dependent) view of four 25 bp rate cuts – one every quarter – to bring rates to 3.75% by year end. If markets come to reflect this, this could in due course push down on swap rates, and in turn on mortgage rates....
Average mortgage interest rates in the UK 2000-2025, by month and type Published by Statista Research Department, May 8, 2025 Mortgage rates increased at a record pace in 2022, with the -year fixed mortgage rate doubling between March 2022 and December 2022. With inflation increasing, the ...
Mortgage rates will "edge upwards" in the next few weeks due to the higher-than-expected rise in inflation, brokers have warned. With hopes of an interest rate cut in June almost non-existent after this morning's inflation data (see 8.10 post), borrowers have been to...
Thanks to a marked rise in interest rates in 2023, 2024 may prove to be a challenging year for those looking to apply for a mortgage or remortgage an existing property. According to the BoE, the average interest rate on a UK two-year fixed rate mortgage in January 2022 was 2.3%, ...
Changes in stamp duty tax are likely to cause a surge in housing activity in the first quarter of 2025, along with a general increase in activity as interest rates ease further and more mortgage products come to market. However, persistent challenges, including ongoing labour shortages, supply ...
An expat mortgage is a mortgage you'd take out on a property in the UK while you're a UK expat – ie a UK national living abroad oversea
“When I first stood here as your prime minister, I told you the most important task I had was to return stability to our economy. Inflation is back to target, mortgage rates have falling and growth has returned,” Sunak said. British headline inflation fell to the Bank of England’s...
Falling interest rates have led to an improved outlook for the residential sales market. Mortgage rates are projected to continue to fall in 2025 which will translate into a further recovery in sales volumes and house prices. However, despite Labour’s planning reform, new housing supply will rem...
"Then, as now, the decision was never in doubt. But the fact that this time two members wanted to hold interest rates at 4.5% is a puzzle. "The UK's darkening economic outlook and the very real threat of a global recession have led the mortgage markets to price in a steady ratcheting...