Unlocking Homeownership: The Permanent Mortgage Guarantee Scheme Explained The UK government’s permanent Mortgage Guarantee Scheme, launched in July 2025, offers a significant opportunity for first-time buyers and home movers to enter the property market with a deposit as low as 5%. This initiative aims to make homeownership more accessible, especially for those struggling to save […]

Mortgage Survival Tips in Today’s Market The UK mortgage market continues to evolve rapidly, and for many homeowners and potential buyers, navigating it can feel overwhelming. With interest rate shifts, inflationary pressures, and changing affordability checks, it has never been more important to have a clear plan when it comes to managing your mortgage. At

Small Steps That Make a Big Difference Before Remortgaging For many households across the UK, remortgaging has become one of the most important financial decisions of the year. With thousands of fixed-rate deals due to expire in 2025, homeowners face the prospect of moving onto their lender’s Standard Variable Rate (SVR)—often much higher than the

Mortgage Affordability Improves as Lender Stress Tests Shift In recent months, mortgage affordability has quietly improved for many borrowers. Why? Because lenders are easing some of the stricter “stress tests” that have, until now, prevented certain applicants from securing the mortgage they wanted. For anyone who has struggled to pass affordability checks in recent years,

Low Deposit Mortgages: What You Need to Know in 2025 For many aspiring homeowners, the biggest hurdle isn’t passing affordability checks or finding the right property – it’s pulling together a large enough deposit. In today’s market, where house prices remain high and saving is challenging, the idea of buying with just a 1% or

Mortgage Affordability in 2025: Finding the Right Balance Affordability is back in the spotlight. According to recent figures, first-time buyers are now spending around 35% of their take-home pay on mortgage repayments. That’s above the long-term average of 30% and a clear signal of how today’s market is testing household budgets. At the same time,

Is It Time to Review Your Fixed Rate Mortgage? Why Switching Early Could Save You Money Over the last 18 months, we’ve seen mortgage rates climb sharply and then begin to settle. For many homeowners, this has created a real challenge: locking into a deal at the “wrong time” and now feeling stuck paying more

When Every Penny Counts: Why Reviewing Your Mortgage Matters More Than Ever We’re all feeling it. Rising prices, climbing bills, and less money left at the end of the month. Whether it’s the weekly supermarket shop, fuel for the car, energy bills, or insurance renewals, the cost of everyday life in the UK has risen

Bank of England Cuts Base Rate to 4.00% Good news for homeowners and buyers—the Bank of England has lowered the base rate to 4.00%, down from 4.25%. This is fifth reduction since last August and could bring welcome relief to mortgage borrowers. What This Means for Borrowers With the base rate now at 4.00%, mortgage

There’s Still Plenty to Be Positive About in Today’s Mortgage Market Let’s be honest—if you’ve been reading the headlines over the last year, you’d be forgiven for thinking the mortgage market is all doom and gloom. But here at Prospect Tree Mortgages, we think it’s time to shift the tone a little. Yes, it’s a