Welcome to Anwyl’s Mortgage & Finance Update.
Each month, we share the latest news from the mortgage world to help you feel informed, reassured and ready to make the right decision for your home move.
Buying a home can feel like a lot to navigate, especially when the market is changing. That’s why we break it down, clearly and honestly, so you can plan with confidence.
At Anwyl, we have been helping people move for nearly 100 years and that means we know how to support buyers through every kind of market. Whatever stage you are at, we are here to help.
What’s the latest market update?
The Bank of England recently confirmed it would continue to hold the Base Rate at 3.75%.
All eyes have been on the Middle East in recent months. The ongoing conflict involving Iran has pushed oil and energy prices higher, which fuels inflation here in the UK. To help keep inflation under control, the Bank of England has maintained the rate.
What does this mean for mortgages?
Well, it means the mortgage market is very competitive at the moment. Lenders want to win business so we’re seeing new products and more flexible options becoming available. This is great news for anyone considering moving, as it opens up more pathways to home ownership (more on this shortly…).
In fact, many across the industry are recommending that people who are thinking of moving, start the process sooner or later. Securing a mortgage rate early can offer you more peace of mind. Once you lock in a rate, it is held until your mortgage offer expires. And don’t worry - if a better rate becomes available before you complete, most lenders will allow you to switch.
Best mortgage deals currently on offer
Below is a snapshot of some of the best deals currently on the market, sorted by the highest loan-to-value (LTV) percentages:
- 95% loan to value (5% deposit) - 5.24% x 5yrs fixed or 5.22% x 2 yrs fixed
- 85% loan to value (15% deposit) - 4.67% x 5yrs fixed or 4.64% x 2 yrs fixed
- 75% loan to value (25% deposit) - 4.57% x 5yrs fixed or 4.55% x 2yrs fixed
And what new mortgage products are there?
Back in April, The Bath Building Society and Hanley Economic both introduced 100% mortgage products. These 100% mortgages (or no-deposit mortgages as they’re sometimes called) are ideal for first-time buyers or those with limited savings.
Neil Alkins from the Mortgage Advice Bureau said:
“The increasing supply of 100% mortgages demonstrates lenders’ appetites to fill a gap for those buyers that can afford regular monthly mortgage payments but are struggling to save for a deposit.
“This might, for example, be someone stuck in a rental property who may not be able to regularly put money to one side but can clearly maintain a monthly housing commitment.
“This is great news for buyers and the housing market, as it helps buyers get out of the rental trap and onto the housing ladder, and it helps keep the market oiled and turning!”
To further help potential buyers in this difficult financial period, many lenders have also decided to increase their income multipliers, with some willing to let you borrow up to 7x your income!
You might be able to afford more than you think
Yes, really.
Many people go to a mortgage broker or adviser when looking to move. A mortgage adviser working for a high street bank can usually only recommend products belonging to that bank.
That’s why we always recommend seeking advice from an independent financial advisor (IFA). As they are independent, they can consider products from across the whole market to find the best fit for you, personally. Plus, they’re totally free of charge to you.
They’ll sit down with you, consider your entire financial picture and help you understand what’s actually possible. In our experience, people often find they can afford more than they thought after speaking to an IFA.
If you’d like a recommendation, we have loads of them so please contact one of our Homes Advisers.
And just a little reminder while we’ve got you…
As part of your budget planning, remember to factor in Stamp Duty Land Tax (SDLT). It’s easy to overlook when you’re thinking about other costs but it is required as a lump sum. These rates aren’t expected to change any time soon but a quick reminder of what they are might be useful for you:
|
Property Purchase Price
|
SDLT Rate
|
|
First £125,000
|
Zero
|
|
The next £125,000 (the portion from £125,001 to £250,000)
|
2%
|
|
The next £675,000 (the portion from £250,001 to £925,000)
|
5%
|
|
The next £575,000 (the portion from £925,001 to £1.5 million)
|
10%
|
|
The remaining amount (the portion above £1.5 million)
|
12%
|
It’s also worth noting that first-time buyers are granted a relief on their first property if it comes in at less than £300,000 and only need to pay 5% on the portion between £300,001 and £500,000.
However, if their first property is worth over £500,000, no relief is given, and stamp duty will be treated as if the property were a second home.
At Anwyl, we often offer to pay the SDLT on select plots to help make moving possible. Why not take a look at our current developments to find the right new home for you?
Upcoming key dates
- Next base rate update: 18th of June 2026
- Help to Buy Wales ends: 30th of September 2026
If you are considering buying this year, these dates are worth keeping in mind as you plan your next steps.
Here to guide you, every step of the way
The mortgage market may change but one thing stays the same: Anwyl is here to help guide you. We have been helping people move into homes they love for almost 100 years, supporting generations of buyers through all kinds of market conditions. Whether you are buying your first home, moving on or simply exploring options, our team is here to help you take your next step with confidence. That’s the Anwyl DifferenceTM.
