After the mortgage rate volatility we’ve seen over the past few years, the market was far more stable in 2025 – a trend which many borrowers will hope continues throughout this year.
Most major lenders now offer rates below 4pc, but average rates for two and five-year fixed rate deals are hovering just below the 5pc mark.
The Bank of England made four Bank Rate cuts in 2025, with experts currently expecting a couple more in 2026.
However, the heady days of rock-bottom deals and near-free loans are long gone, and the difference of a few percentage points between deals can cost you thousands of pounds over the length of the mortgage.
