Mon, 12 Jan 2026

Mon, 12 Jan 2026 UK set for a 'booming' mortgage market, say analysts

Competition among lenders in the UK suggests that rates could be cut in the coming weeks.
Mortgage rates may be cut in the coming weeks due to increased competition among lenders, according to mortgage brokers and analysts. The choice of mortgage products has reached its highest level in 18 years, with over 10% more deals available compared to last year. First-time buyers are benefiting from looser requirements from lenders, making it easier for them to secure a mortgage. Mortgage rates have fallen significantly over the past year, and Moneyfacts predicts further declines in the early months of this year. Experts say that the combination of lower interest rates and increased choice of deals is creating a "booming market" for 2026. First-time buyers are finding it easier to get on the property ladder due to rising wages and more flexible mortgage products. Some lenders are offering low or no-deposit mortgages, joint borrower/sole proprietor deals, and higher borrowing limits. Industry predictions suggest that sales could fall this year compared to last, but many experts believe that there is still pent-up demand from potential buyers who were waiting for the Budget and festive period to pass before making a move.
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