We're pleased to bring you the latest mortgage update from our colleagues at The Mortgage Quarter.

Interest rates

The Bank of England has held the base rate at 4.5% this February, providing some stability for borrowers and homeowners. While rates remain unchanged for now, this decision offers a steady footing for those looking to secure a mortgage or remortgage in the coming months.

Great news for buyers!

Mortgage rates are becoming more competitive! The lowest available rate currently sits at 3.97% on a five-year fixed purchase deal, offering stability and peace of mind for those looking to secure their mortgage in the long term.

It's important to note that the lowest rates aren't always available to everyone, as they depend on factors such as deposit size, credit history, and individual lender criteria. However, there are still plenty of competitive options available.

High-Street lenders

For the first time in a while, high-street lenders have broken the sub-4% interest rate mark, with rates as low as 3.99%. This is a positive sign that lenders are feeling more optimistic about the market, making homeownership more accessible for buyers.

If this trend continues, we could see even more lenders following suit with rate reductions, creating better opportunities for those looking to secure a mortgage.

We can help

Now could be a good time to explore options. If you're looking to move home, check out our listings of property for sale, give us a call on 01392 204800 or WhatsApp us - we'll be pleased to help.

If you need a mortgage to purchase a home, or if it's time to re-mortgage, get in touch with the team at The Mortgage Quarter to see how they can help find the right mortgage deal for you.

☎️ 01392 660219
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