News & Insights - Fixed rate

Our latest research shows just how much pressure those payments are putting on household budgets and what borrowers would do if they suddenly had a little more financial breathing room.

Lenders must proactively contact around 1.6 million mortgage customers whose fixed rate deals are expiring in 2026, setting out their options and explaining any support that might be available.

If you locked into a fixed rate mortgage deal five years ago, it’s worth checking when your deal ends so that you aren’t hit with a big payment shock when you come to remortgage.

Inflation jumped to a higher-than-expected 3.6% in the 12 months to June, latest Office for National Statistics data shows, up from 3.4% in May.

Inflation jumped to its highest level since January 2024 in the 12 months to April, according to the Office for National Statistics, with steeper household bills behind the increase.

Homeowners and buyers will no doubt be heaving a sigh of relief after the Bank of England’s Monetary Policy Committee voted 7-2 to cut the base rate by quarter of a percentage point to 4.50%. Two members voted to reduce base rate by 0.50% to 4.25%.

After weeks of speculation that we might see one more interest rate reduction in December, the Bank of England’s Monetary Policy Committee has voted 6-3 in favour of leaving the base rate at 4.75%, with 3 members voting for a cut.

As 2024 comes to a close, it’s an opportunity to reflect on the year in numbers – from our mortgage rates summary to how much our customers have saved with our Rate Check service.

Inflation dropped to 1.7% in the 12 months to September, the first time it has fallen below the Bank of England’s 2% target in more than three years, but what does this mean for your mortgage?

The Bank of England’s Monetary Policy Committee voted by a majority of 8-1 to leave the base rate unchanged at 5% in September, although markets are still pricing in further cuts before the end of the year.

Inflation eased to 2.3% in the year to April, down from 3.2% in March, the Office for National Statistics (ONS) announced this week, providing some relief to those struggling to manage rising living costs.

A surprise rise in inflation in the year to December could have an impact on mortgage rates, so if you’ve found a competitive deal you like, you may want to secure it now if you can.

8 essential steps to take if you’re remortgaging or buying in 2024 The past year has been a rollercoaster ride for the property and mortgage market, but if you’re planning to buy or remortgage in 2024, there are several steps you can take to help things go more smoothly. Here’s our rundown of some of the things you can do to secure the deal you want and prevent you from paying too much. Check when your current deal ends If your mortgage is due to finish this year, make a note in your

The Bank of England’s Monetary Policy Committee (MPC) voted 6-3 to leave interest rates at 5.25% in December, the third consecutive month it has left rates unchanged.

Inflation fell to its lowest level for two years in October, raising hopes that we may have seen the last of interest rate rises – for now. Inflation, or the rate of increase in living costs, fell back by more than many expected to 4.6% in the 12 months to October, down from 6.7% in September, according to latest Office for National Statistics data. Although this means the Government has met its pledge to halve inflation by the end of the year, it remains well above the Bank of England’s 2% t

Interest rates held at 5.25% The Bank of England’s Monetary Policy Committee voted 6-3 to leave the base rate unchanged at 5.25% in November, suggesting that interest rates may have peaked for now. There were 14 consecutive increases in the base rate since December 2021, before the Bank chose to leave rates on hold at its September meeting and again this month. Rates have risen rapidly to try to dampen inflation, which reached a peak of 11.1% in October 2022. Since then, the main measure of

Inflation remained at 6.7% in the 12 months to September, according to latest ONS data, leaving the Bank of England’s next interest rate decision hanging in the balance. Recent weeks have seen several lenders reduce their mortgage rates, after interest rates were held at 5.25% in September following a series of increases aimed at dampening inflation. It was hoped that the latest numbers from the Office for National Statistics (ONS) would show a slight fall in the rate at which living cos

September 23rd marked a year since Kwasi Kwarteng’s disastrous mini-budget, which prompted the pound to plummet and borrowing costs, inflation, and swap rates all to soar, triggering mortgage market mayhem.

Interest rates could rise less sharply than previously expected following latest inflation figures which show soaring price rises are finally starting to cool.

If you’re approaching the end of your current mortgage deal, you might be wondering whether to act now

It’s been a tumultuous few weeks for the mortgage market, with lenders pulling products especially fixed rates before usually replacing them with higher rate deals. T

Should I leave my tracker mortgage? The Bank of England’s Monetary Policy Committee voted to raise the base rate to 4.5% in May, meaning more mortgage pain for those on tracker rate mortgages. Tracker mortgage deals, as the name suggests, track the Bank of England base rate, plus a set percentage. For example, if your tracker deal is base rate plus 1%, your current payable rate will be 5.5% (the 4.5% base rate with another 1% added). Whilst trackers proved a popular option in recent mo

Skipton Building Society has launched a 100% mortgage which allows first-time buyers to purchase a home without a deposit, using their rental history to boost affordability.

Should you go for a short or long-term fixed rate mortgage? Fixed mortgage rates are at a six-month low, making it a good time to act if you’re looking to remortgage or buy, but should you go for a two-year or five-year fixed rate deal? The short answer is that it depends very much on your individual circumstances, and whether these are likely to change over the short term, as well as how long you want peace of mind that your payments won’t change. Here, we weigh up some of the pros and co

With speculation that rates might reduce further, homeowners may be wondering whether now’s the right time to remortgage.