If you're thinking about buying a home right now, you're not alone—but you're probably wondering:
“Should I wait, or is now the right time to buy?”
About Mansfield Mortgages
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Is Now the Right Time to Buy? What Today’s Rates Mean for You
If you're thinking about buying a home right now, you're not alone—but you're probably
wondering:
“Should I wait, or is now the right time to buy?”
As an independent mortgage broker, it’s one of the most common questions I’m
asked—especially with the current uncertainty around interest rates, inflation, and the
wider UK economy.
So let’s break it down and look at what today’s mortgage rates actually mean for you as
a buyer in 2025—and how to make a smart move in today’s market.
What’s Happening with Mortgage Rates Right Now?
As of mid-2025, mortgage rates in the UK are starting to stabilise, following a turbulent
couple of years marked by sharp rate rises due to inflation control measures.
• Fixed rate mortgages are currently hovering around 4.5% to 5.5%, depending on
your deposit size and credit profile.
• The Bank of England base rate is holding steady, with speculation of potential
modest cuts later this year if inflation continues to cool.
While these rates are higher than the ultra-low deals we saw during the pandemic,
they’re still within a historically average range. In fact, many experts are calling this a
period of normalisation.
So... Is It a Good Time to Buy?
The answer depends on your personal circumstances, but here are a few key factors
to consider:
1. Prices Have Cooled in Some Areas
After a period of rapid growth, UK house prices have plateaued or dipped slightly in
some regions. This means buyers may now have more room to negotiate—and less
pressure to rush decisions.
2. Less Competition from Buyers
With some would-be buyers holding off, you may find fewer bidding wars and a bit
more leverage in negotiations. Sellers are also more open to offers, especially if they’re
keen to move quickly.
3. Renting Isn’t Always Cheaper
Rents across the UK have surged, and in many cases, monthly mortgage payments are
comparable to or lower than rent—especially if you have a decent deposit and secure
a competitive mortgage product.
4. You Can Lock in a Fixed Rate
If you’re concerned about rates rising again, a fixed-rate mortgage can offer peace of
mind. Independent brokers like myself can help you compare products across the
market and find the best deal for your situation.
When It Might Be Worth Waiting
While now can be a good time to buy, it’s not the right moment for everyone. You might
want to hold off if:
• You have very little saved for a deposit (less than 5–10%).
• Your credit score needs improvement.
• You’re not financially stable or are unsure about your job situation.
• You’re buying purely based on fear of missing out.
If this sounds like you, don’t worry—there are steps you can take now to prepare, so
you’re ready when the time is right.
The Advantage of an Independent Mortgage Broker
One of the biggest myths is that you need to go directly to a bank to get a mortgage—but
banks can only offer their own products.
As an independent broker, I can search the whole of the market—including specialist
lenders, exclusive deals, and products not available online—to find the best fit for
your goals and financial situation.
https://mansfieldmortgagesandprotection.co.uk/
We can also run through what you can afford now, what future changes might mean for
you, and even help you get Agreement in Principle if you’re ready to start viewing
properties.
Final Thoughts
The truth is, there’s no perfect time to buy—only the right time for you. Interest rates
may shift, but if you’re financially ready, buying a home now could be a smart, long-term
move—especially if you secure the right mortgage.
Before making any decisions, I strongly recommend sitting down with a professional
experienced mortgage broker who can give you personalised advice, not just
generalised headlines.
Need Help Navigating the Market?
If you’re wondering whether now’s the right time to buy—or just want to understand your
options—get in touch for a no-obligation chat. I’ll help you make a clear, confident
decision based on your situation, not just market noise.
If you're thinking about buying a home right now, you're not alone—but you're probably
wondering:
“Should I wait, or is now the right time to buy?”
As an independent mortgage broker, it’s one of the most common questions I’m
asked—especially with the current uncertainty around interest rates, inflation, and the
wider UK economy.
So let’s break it down and look at what today’s mortgage rates actually mean for you as
a buyer in 2025—and how to make a smart move in today’s market.
What’s Happening with Mortgage Rates Right Now?
As of mid-2025, mortgage rates in the UK are starting to stabilise, following a turbulent
couple of years marked by sharp rate rises due to inflation control measures.
• Fixed rate mortgages are currently hovering around 4.5% to 5.5%, depending on
your deposit size and credit profile.
• The Bank of England base rate is holding steady, with speculation of potential
modest cuts later this year if inflation continues to cool.
While these rates are higher than the ultra-low deals we saw during the pandemic,
they’re still within a historically average range. In fact, many experts are calling this a
period of normalisation.
So... Is It a Good Time to Buy?
The answer depends on your personal circumstances, but here are a few key factors
to consider:
1. Prices Have Cooled in Some Areas
After a period of rapid growth, UK house prices have plateaued or dipped slightly in
some regions. This means buyers may now have more room to negotiate—and less
pressure to rush decisions.
2. Less Competition from Buyers
With some would-be buyers holding off, you may find fewer bidding wars and a bit
more leverage in negotiations. Sellers are also more open to offers, especially if they’re
keen to move quickly.
3. Renting Isn’t Always Cheaper
Rents across the UK have surged, and in many cases, monthly mortgage payments are
comparable to or lower than rent—especially if you have a decent deposit and secure
a competitive mortgage product.
4. You Can Lock in a Fixed Rate
If you’re concerned about rates rising again, a fixed-rate mortgage can offer peace of
mind. Independent brokers like myself can help you compare products across the
market and find the best deal for your situation.
When It Might Be Worth Waiting
While now can be a good time to buy, it’s not the right moment for everyone. You might
want to hold off if:
• You have very little saved for a deposit (less than 5–10%).
• Your credit score needs improvement.
• You’re not financially stable or are unsure about your job situation.
• You’re buying purely based on fear of missing out.
If this sounds like you, don’t worry—there are steps you can take now to prepare, so
you’re ready when the time is right.
The Advantage of an Independent Mortgage Broker
One of the biggest myths is that you need to go directly to a bank to get a mortgage—but
banks can only offer their own products.
As an independent broker, I can search the whole of the market—including specialist
lenders, exclusive deals, and products not available online—to find the best fit for
your goals and financial situation.
https://mansfieldmortgagesandprotection.co.uk/
We can also run through what you can afford now, what future changes might mean for
you, and even help you get Agreement in Principle if you’re ready to start viewing
properties.
Final Thoughts
The truth is, there’s no perfect time to buy—only the right time for you. Interest rates
may shift, but if you’re financially ready, buying a home now could be a smart, long-term
move—especially if you secure the right mortgage.
Before making any decisions, I strongly recommend sitting down with a professional
experienced mortgage broker who can give you personalised advice, not just
generalised headlines.
Need Help Navigating the Market?
If you’re wondering whether now’s the right time to buy—or just want to understand your
options—get in touch for a no-obligation chat. I’ll help you make a clear, confident
decision based on your situation, not just market noise.