Whatever your politics, headlines warning of the “Unchartered Territory” and predictions on the vote around the “Withdrawal Agreement” mean we are heading into uncertain times.
In 2018, Mortgage Required’s clients opted for a 5-year fixed rate 28% of the time. The highest since number since we opened in 2001.
Brexit is not the only reason clients are deciding to fix their rates for longer, with 5-year rates as low as 2.09% for borrowers with plenty of equity in their properties, and at 2.29% for borrowers with a 10% deposit there has never been a better time to hedge your bets and fix for longer.
Depending on who’s research you read, between 25 and 30% of borrows are currently on their lenders “Standard Variable Rate” (SVR). This means they are paying a rate set by their lender who can put it up (or down) whenever they fancy. On average lender’s SVRs are around 2.5% higher than the fixed rates they are offering and this means borrowers could be paying up to £4,000 per year more than if they switched to a new deal.
So, whether it’s a “deal or no deal” now is the time to get fixing!
For more information on fixing your mortgage, please call the team on 01628 507477.
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Best UK Mortgage Rates this Week
8 days ago
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Flats 40% cheaper to buy than houses
12 days ago
This price gap between the cost of houses and flats is the biggest it has ever been. Houses are now costing 1.7 times more than a flat, which is 0.4 times higher than 10 years ago
Take a look at our list of houses vs. flats per area.
Are mortgage rates set to increase?
22 days ago
We have seen several lenders increase their mortgage rates over the last couple of weeks. This suggests mortgage rates are likely to rise.
Although nothing is set in stone, lender repricing, rising swap rates, and continued economic uncertainty suggest borrowers should prepare for higher mortgage costs.
AI-altered images put off over half of buyers
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According to data from House Buyer Bureau, where over 900 UK homebuyers were surveyed, 54% of people said that they immediately ruled out digitally enhanced property listings.
April Mortgages offer 7x Income Mortgage
13 Aug 2026
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