Advice about buying your next home to help you feel prepared to get your next mortgage
For home movers, mortgage rates have declined significantly since mid-2024, aligning with broader expectations of future Bank of England (BoE) rate cuts. Fixed rates peaked at 5.07% in May 2024 but have gradually fallen, reaching a low of 4.47% in October 2024 before slightly rising to 4.76% in January 2025. This reflects increased lender confidence and more stable pricing. However, recent upward movement suggests lenders are holding back on deeper cuts until the BoE provides more clarity on future rate reductions.
Tracker rates were highly volatile in late 2024, peaking at 6.03% in October before plummeting to 4.95% in January 2025, following the BoE’s rate cut to 4.75% in November.
For those looking to move up the property ladder, fixed rates remain attractive and stable, making this a good time to lock in a deal before any potential short-term increases. However, tracker rates are now at their lowest point in over a year, making them an appealing option for those anticipating further BoE rate cuts in 2025.
If affordability is a concern, buyers may benefit from acting sooner rather than later, as the recent uptick in fixed rates suggests lenders may not aggressively lower prices in the near term. Moving now could allow borrowers to secure better rates before any unexpected market shifts.
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Overall my experience was a wonderful,simple quick and painless task done at my pace at times suitable for me even with a more complicated one this time.
I've gone back to them a few times with changes or to get a better deal based on interest rate changes etc. and they have always found a better deal.
I am amazed at how Easy Horizon Broker Services have made the remortgaging process. I was able to send them all the relevant details within a few seconds
Very easy and smooth remortgage. They were helpful and knowledgeable. This is my consecutive time with Horizon and I would not go anywhere else. Thankyou
If you’re looking for a mortgage broker who genuinely cares about their clients and makes the process as simple as possible,Horizon Broker Services is the way to go. I highly recommend them!
Second time that I have used Horizon and both times have been easy and straightforward. They kept me informed every step of the way. A great experience and highly recommended.
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You may have to pay an early repayment charge to your existing lender if you remortgage. Your savings will depend on personal circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.
It is important to consider insurance and protection when taking out a mortgage. We will speak to you about this and give you the option to be referred to a protection specialist for advice.
The information provided here is for general guidance only. Please consult with our advisors for advice specific to your circumstances.
