24 February 2025
In a significant development for the UK housing market, mortgage rates have dipped below the 4% mark for the first time in months, providing a potential boost for homebuyers
In a significant development for the UK housing market, mortgage rates have dipped below the 4% mark for the first time in months, providing a potential boost for homebuyers. This shift comes amid a broader trend of declining inflation and a stabilized economic outlook that has led lenders to re-evaluate their pricing strategies.
Recent data released by major lending institutions indicate that several competitive mortgage products, including both fixed and variable rates, are now being offered with interest rates starting below 4%. This reduction has created renewed optimism among potential homeowners, especially first-time buyers who have been deterred by soaring rates in recent months.
Both Barclays and Santander have launched two- and five-year fixed rate mortgages at 3.99%, launching attractive rates that signal a more favourable environment for borrowers.
At Walton Homes we have a panel of mortgage advisers who can seek the best deal for your individual situation, so start your journey today with a trip to one of our developments.
