Mortgage rates are dropping and rules are easing for first-time buyers. Here’s why brokers are key in 2025’s remortgage crunch.

Mortgage Rates Are Falling

Competition between lenders is driving rates down. Two- and five-year fixed rates now average around 5.08% – the lowest since late 2022 – with some lenders offering deals under 4%.

💡 Tip: If your fixed deal ends soon, now’s the time to explore options. Acting early could save you hundreds each month, so reach out to us today.

Easier Lending for First-Time Buyers

The Bank of England has eased restrictions on high loan-to-income (LTI) mortgages. This means more buyers may qualify for mortgages up to 4.5× income or higher.

💡 Tip: Higher borrowing can help you get on the ladder, but it’s vital to get advice to avoid overstretching.

Remortgage Crunch: Don’t Go It Alone

Over 3 million fixed-rate deals expire in 2025, with average payments rising £146 a month. Navigating new rates can be daunting – and costly if you get it wrong.

💡 Tip: As brokers, we guide you through every stage – from finding the best new deal to protecting you against rate rises.

The right mortgage isn’t just about rates – it’s about fitting your life. Whether you’re buying or remortgaging, get in touch today for tailored advice.

Annabelle Bezant, July 2025