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 different landscape than it was a couple of years ago—but that doesn’t mean it’s bad. In fact, there are plenty of reasons to feel encouraged about where the market is heading and the options available to buyers, movers and remortgagers alike.
Here’s why:
Mortgage rates have stabilised—and even improved
After the volatility we saw in late 2022 and much of 2023, rates have become much more predictable and competitive. Lenders are back to fighting for business, and many are bringing out fresh, improved deals—especially for those with decent equity or good affordability.
We’re seeing 5-year fixed rates in the low 4% range, and in some cases dipping below that for certain clients. That’s a far cry from where we were even 12 months ago.
There are more options than ever before
One of the most positive shifts recently has been the growth in product choice. Whether you’re:
- A first-time buyer with a small deposit
- A self-employed applicant with variable income
- Nearing the end of an interest-only mortgage
- Looking at lifetime mortgages in later life
…there’s now a much broader range of specialist and mainstream products designed with real life in mind, we can match you to the right lender—not just whichever bank happens to have a branch down the road.
Government support is increasing
We’re also seeing fresh energy from the new government to support buyers and homeowners. Recent announcements include:
- Lower income thresholds for Helping Hand mortgages
- A new “Freedom to Buy” scheme to make 95% mortgages more accessible
- Moves to allow rental history to support mortgage applications
- Higher loan-to-income caps for eligible borrowers
These changes could open the door to tens of thousands of extra mortgage approvals each year—and we’re already helping clients make the most of them.
Lenders are more understanding of real circumstances
Many lenders are now using more flexible affordability criteria, especially for people with non-standard income. Zero-hour contracts, multiple income sources, and fluctuating earnings used to be roadblocks. Now? They’re much more manageable—with the right advice and the right lender.
Don’t get put off by the noise
While the media tends to amplify the negatives, the truth on the ground is far more balanced. Yes, borrowing costs are higher than the ultra-low rates of the past decade—but those days were never going to last forever.
What we’re seeing now is a healthy, functioning mortgage market, where with the right guidance, people are still buying homes, remortgaging smartly, and making the right long-term decisions.
How Prospect Tree Mortgages Can Help
We don’t deal in hype, we deal in facts, relationships, and results.
At Prospect Tree Mortgages, we take the time to understand your full picture and match you with the best product for your goals. Whether you’re exploring your first mortgage, reviewing a fixed rate that’s ending soon, or planning for later life, we’re here to help you navigate it confidently.
- ✅ Whole-of-market access
- ✅ Honest, expert advice
- ✅ Tailored solutions, not one-size-fits-all
- ✅ Real people, real service
Ready to have a conversation?
If you’ve been feeling uncertain about your mortgage options, let’s talk. You might find the picture’s much brighter than you’ve been led to believe.
Get in touch today for a no-obligation chat—we’d love to help.
Your home may be repossessed if you do not keep up repayments on your mortgage. The information contained within was correct at time of publication but is subject to change, 24.07.2025.
What’s Next?
If you’re thinking about moving home, remortgaging, or buying your first property, now is a great time to review your mortgage options. At Prospect Tree Mortgages, we’re here to help you understand your choices and find the best mortgage for your situation.
Get in touch with our expert advisors today to discuss how this base rate cut could benefit you. We aim to ensure you make the most of the opportunities available.
Call us at 0800 8620 840 or visit our website at www.ptmortgagesltd.co.uk to learn more.
If you’d like to learn more about mortgage products and how we can help you, please don’t hesitate to get in touch with our team. We’re here to help you navigate the ever-evolving world of mortgages and guide you toward a brighter, greener home.