Mortgage Rates Are Falling: Is Now the Best Time to Buy?
This month sees a number of headlines across housing, mortgages and the wider economy, each shaping the landscape for buyers, renters, and local communities.
Mortgage rates are coming down, more low-deposit options are available, and new build homes continue to offer financial and sustainability advantages.
Mortgage Rates Are Falling
The mortgage market continues to see rapid change, with lenders reducing rates and boosting confidence among buyers.
One of the most positive shifts for first-time buyers is the drop in mortgage rates. Some lenders are now offering products from around 3.5%.
Lower rates mean monthly mortgage costs can be more affordable, especially if you're looking at a new build home, which benefits from energy efficiency and lower running costs.
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Helping You Buy: Support
Buying a home is a big milestone, and everyone’s journey looks a little different. Whether you're stepping onto the ladder for the first time, moving home, or investing in a second property, we’re here to support you every step of the way.
First-time buyers can access expert guidance and schemes designed to make owning a home more achievable.
Homeowners looking to sell or move can benefit from advice and services that help reduce stress and bring more certainty.
If you're considering a buy-to-let or holiday home, we’ll help you navigate the process with confidence, while overseas buyers can rely on our team to explain what’s involved and ensure everything runs smoothly from start to finish.
Everyday Costs: What Buyers Should Know
Household spending dips
New data from Barclays shows household spending fell 1.1% in November, the sharpest drop in nearly five years. Economic confidence remains subdued, despite improvements in how people feel about their personal finances.
Even Black Friday’s retail boost was not enough to offset the slowdown, with consumers remaining cautious as the year draws to a close.
What this means for homebuyers
In a challenging housing landscape, opportunities still exist, particularly for first-time buyers benefiting from lower mortgage rates and a wider choice of products.
Whether you’re saving for a deposit or looking for a home you can step straight into, find your nearest development and begin your new home journey today.
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