In-house team of experienced Mortgage Advisors With our in-house team of experienced and knowledgeable mortgage brokers, we’re here to support you every step of the way — whether you’re buying a property through us or not. At Visionary Homes, our goal is to make mortgages simple, stress-free, and tailored to your needs.
So, let’s take a closer look at the mortgage market today and what it means for you.
July 2025 saw mortgage approvals reach a six-month high, with 65,400 mortgages approved—a sign that buyer activity is returning after earlier dips.
- The Bank of England’s base rate, recently cut to 4% on August 7, continues to influence market confidence—even though mortgage rates aren’t dropping in lockstep.
GloverPriestMoneyWeek - Although fixed-rate mortgages remain elevated compared to pre-2022 levels, they are trending downward gradually. Some analysts note two-year fixes are now cheaper than five-year ones, a reversal of recent trends.
MoneyWeek
Current Mortgage Rates in the UK
- Two-year fixed rates (at around 75% LTV) are averaging 4.74%.
- Five-year fixed rates hover slightly higher, at approximately 4.94%.
- Standard Variable Rates (SVR) remain steep—around 7.6%, making them significantly more expensive than fixed deals.
Uswitch - Other sources report average two-year fixes ranging from 4.49% to 4.51%, depending on deposit size and lender.
- The best available rates are lower—around 3.7% for 2-year fixes and 3.85% for 5-year deals—usually available to borrowers with larger deposits or through specific offer channels.
RightmoveHomeOwners Alliance
