What are the current mortgage rates?... Applying may be easier than you think 🤔
#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
Here is a snapshot of the current Mortgage market, information supplied by Rightmove ✅
🔸 Buyers with smaller deposits (5–10%) are currently seeing:
🔸 Around 5.8% to 5.9% for 2-year fixed deals
🔸 Around 5.8% for 5-year fixed deals
🔹 Buyers with larger deposits (15–25%) are seeing:
🔹 Around 5.0% to 5.2% for 2-year fixed deals
🔹 Around 5.1% for 5-year fixed deals
🔸 Buyers with significant equity (40% deposit) are seeing:
🔸 Around 4.7% to 4.8% for 2-year fixed deals
🔸 Around 4.8% to 4.9% for 5-year fixed deals
These are averages across the market and will vary depending on individual circumstances.
What is driving mortgage rates right now
🔹 The Bank of England base rate is currently 3.75%
🔹 Global uncertainty has created short-term volatility in pricing
🔹 Lenders are adjusting rates frequently as market conditions shift
What this means for Nottingham buyers
🔸 Mortgage rates are higher than the ultra-low levels seen a few years ago
🔸 But they have settled into a consistent range
🔸 Buyers are still actively securing mortgages and moving home
The Cavendish perspective
🔹 Mortgage rates are no longer the headline shock they once were.
🔹 They are now part of the calculation.
🔹 Buyers who understand their budget are still progressing
🔹 Well-priced homes are still selling
🔹 The market continues to move
If you are considering buying in Nottingham, the most important step is understanding what you can borrow and how that translates into your buying position.
For the latest mortgage rates from Rightmove, click here 💹
📢 The person to best guide you through this is a qualified mortgage broker: they are critical in the entire process of securing the funds you need and liaising with your solicitor to ensure everything runs smoothly 🥇
If you would like us to put you in touch with the right mortgage specialist, complete the form opposite ➡️ or email lisa.dahl-parsisson@cavendishproperty.co.uk 📧
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🌟 Face-to-face visit (time to suit you, 100% accurate)... Email expert valuer lisa.dahl-parsisson@cavendishproperty.co.uk to get started 🌟
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#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
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