Tag: CR Real Estate

For the first time since September 2022, the average two-year mortgage rate in the UK has fallen below 5%, now standing at 4.99%. This milestone is a welcome boost for both buyers and sellers, signalling more competitive lending and a shift in the property market.

Mortgage Rates in the UK – The Latest Update

After the market turmoil caused by the 2022 mini-budget, mortgage rates soared to nearly 7% in 2023. Now, lenders are competing aggressively, with some deals as low as 3.7%. This is giving UK homebuyers an opportunity to secure better repayment terms and improve affordability.

Key highlights:

-900,000 fixed-rate deals set to expire in the second half of 2025.
-Two-year fixed mortgage rates now at 4.99%.
-Most competitive rates as low as 3.7%.

Why This Matters for UK Homebuyers

Lower mortgage rates can:

• Reduce monthly repayments – freeing up your budget.
  
• Increase your purchasing power – allowing you to consider more desirable homes.
  
• Encourage more market activity – which could lead to higher competition.
  

If you’re a first-time buyer in the UK, securing a mortgage now could help you get ahead of the curve before rates or prices shift again.

Impact on UK Home Sellers

With cheaper mortgage deals, buyer demand is likely to grow. Halifax reports that average UK house prices rose by over £1,000 in July, suggesting the market remains resilient. If you’re thinking of selling, this could be the right moment to list your property.

Act Before Competition Rises

Experts suggest rates are unlikely to drop significantly in the short term. With many homeowners set to remortgage in 2025, demand could rise quickly. Acting now could help you secure a better deal before competition intensifies.

Curious about your home’s current value in this active market?
https://crrealestate.co.uk/online-valuation/

For sales, lettings, or investment advice, contact CR Real Estate today:
01634 570057 🌐 https://crrealestate.co.uk/

CR Real Estate – Your Property. Our Priority.
In partnership with The Residential Mortgage Hub – Your Mortgage. Our Mission.

The Bank of England has recently reduced the UK’s base interest rate to 4.25%, continuing a series of cuts designed to support economic growth and ease borrowing costs. For the UK property market, this is excellent news, with widespread benefits for buyers, investors, and landlords.

💷 What Does a Base Rate Cut Mean?

Lower interest rates make borrowing more affordable. This directly affects mortgage rates, increasing housing affordability, buyer confidence, and market activity. For many, it opens the door to homeownership or portfolio growth that may have previously felt out of reach.

🏠 Positive Impacts on the Real Estate Market

1. Improved Affordability for Buyers

With lower mortgage rates, monthly repayments are reduced, allowing more people to enter the market—especially first-time buyers and those upsizing.

2. Increased Buyer Demand

Reduced borrowing costs boost buyer confidence, helping drive demand and competition across key areas such as Maidstone, Medway, and wider Kent.

3. More Attractive Conditions for Landlords and Investors

Buy-to-let landlords may benefit from stronger rental yields and lower financing costs. It’s an opportune time to refinance or expand your portfolio.

4. Stronger Selling Prices for Homeowners

With more buyers in the market, sellers can benefit from greater interest and stronger offers, making now an ideal time to list your home.

🔑 Get Expert Mortgage Advice – The Residential Mortgage Hub

To make the most of this rate cut, securing the right mortgage deal is key. That’s why we work closely with The Residential Mortgage Hub, our trusted mortgage partner, to ensure you get the best possible rates and expert guidance tailored to your situation.

Whether you’re buying your first home, remortgaging, or expanding your investment portfolio, their team can help you take full advantage of current market conditions.

🔍 Book Your Free Property Valuation

Curious about your home’s current value in this active market?
👉 https://crrealestate.co.uk/online-valuation/

📞 For sales, lettings, or investment advice, contact CR Real Estate today:
📞 01634 570057 🌐 https://crrealestate.co.uk/

CR Real Estate – Your Property. Our Priority.
In partnership with The Residential Mortgage Hub – Your Mortgage. Our Mission.