Relaxed rules. Rising rates. Ready to move?
Until recently, lenders had to stress-test your mortgage payments at their Standard Variable Rate (SVR) plus 1%. That made borrowing tougher, especially for those eyeing shorter fixed-rate deals. But things have changed…
✅ Good news: That rule’s been scrapped for fixed-rate mortgages under five years.
What does this mean for you?
You could now borrow more than just a few months ago – opening up better options, bigger homes, or new locations on your property search.
Could this nudge house prices up?
Quite possibly. With buyers now able to access bigger loans, demand could grow – and with it, prices. For context: a home worth £260,000 today could rise by up to £19,425 over the next five years.
If you’re thinking of buying, this could be a golden window before prices climb.
Rates on the rise…
Some lenders are already increasing rates. So if you’ve been putting off your mortgage application or remortgage, now’s the time to act. Remember, you can lock in a new rate up to 6 months before your current deal ends.
🕒 Don’t wait for the rates to creep higher.
More borrowing power ≠ more borrowing sense
Yes, the rules are looser. But that doesn’t mean you should stretch yourself. A bigger mortgage comes with bigger responsibilities.
Our expert advisers are here to help you borrow smart – based on your income, lifestyle, and future plans. No guesswork, just good advice.
🔍 Start with our free online Mortgage Finder and let’s make your next move a confident one.
