
As we move through 2025, the UK economy continues to face a mix of recovery and uncertainty. Inflation has shown signs of easing after peaking in previous years, leading to speculation that the Bank of England may gradually reduce interest rates. This is welcome news for mortgage borrowers, as lower rates could mean more affordable monthly repayments and better refinancing opportunities. However, economic growth remains sluggish, and wage growth has not kept pace with the cost of living, making mortgage affordability a key concern for many prospective buyers.
For those looking to purchase a home or remortgage, staying informed about economic trends is essential. A fluctuating market means that mortgage products and lending criteria can change quickly. Working with a mortgage broker like AF & Associates Ltd ensures you get expert guidance in securing the best deal, whether you're locking in a fixed rate for stability or exploring variable rate options to take advantage of potential rate cuts. Get in touch today to see how we can help you navigate the 2025 mortgage landscape.
Comments