GKL Mortgage Brokers Ltd

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GKL Mortgage Brokers Ltd Based on Hermitage Road in Hitchin but serving clients across the UK, we can help you with all your home buying, borrowing and protection needs.

These beautiful flowers and lovely card brightened up our day! We love helping our client. Kerri Fox Mortgage Broker mo...
23/10/2026

These beautiful flowers and lovely card brightened up our day! We love helping our client. Kerri Fox Mortgage Broker mortgage brokers

Good news for buyers: affordability has been improving across Britain, and the East of England is among the regions that...
22/10/2026

Good news for buyers: affordability has been improving across Britain, and the East of England is among the regions that have improved the most, up 9% according to Zoopla’s latest analysis.

Zoopla reports that 51% of two- and three-bedroom homes are now affordable to a household on the average national income, roughly half of family homes. Higher mortgage rates still make things challenging for some buyers. Affordability also depends on income, deposit, outgoings and the property, so everyone’s circumstances are different. This is a broad snapshot, not a promise of a particular outcome, and improving affordability doesn’t predict whether house prices will rise or fall.

This is general information, not financial advice. From our Hitchin office, we advise clients across the country and have been helping buyers, remortgagers and landlords for over 30 years.

Want to explore what may be affordable for your circumstances? Join us for a friendly, no-obligation chat at GKL Mortgage Brokers, 28 Hermitage Road, Hitchin.

GKL Mortgage Brokers | gklmortgagebrokers.co.uk |
*Your home may be repossessed if you do not keep up with your mortgage repayments

There’s a lot of alarming rate talk around at the moment, including claims that the Base Rate will rise four times. But ...
20/10/2026

There’s a lot of alarming rate talk around at the moment, including claims that the Base Rate will rise four times. But those figures are market expectations, not Bank of England decisions.

The Base Rate was held at 3.75% on 17 September and has been unchanged for almost a year. Fixed mortgage pricing can still move because swap rates and gilt yields respond to market expectations about future inflation and interest rates.

No one can predict what the MPC will decide, and markets don’t always get it right. The next MPC decision is due on 5 November, and the Budget is on 28 October; neither is a certainty about what rates will do. It’s better to consider your own circumstances than make decisions based on a forecast.

When your deal ends, options may include a product transfer with your current lender or reviewing the wider market. Fees and lender criteria apply. We advise clients across the country from our Hitchin office. This is not financial advice.

For a friendly, no-obligation chat, pop in to GKL Mortgage Brokers, 28 Hermitage Road, Hitchin.

GKL Mortgage Brokers | gklmortgagebrokers.co.uk |
*Your home may be repossessed if you do not keep up with your mortgage repayments

After weeks of increases, several major lenders have started cutting selected fixed rates. Here's why the average rate h...
16/10/2026

After weeks of increases, several major lenders have started cutting selected fixed rates. Here's why the average rate headline may not reflect what's available to you.

Santander, Halifax and Yorkshire Building Society have all reduced some fixed-rate products. YBS cuts include reductions of up to 0.50 percentage points, and some deals are now below 5%. Rightmove’s latest national averages have edged down to around 5.55% for a two-year fix and 5.52% for a five-year fix.

These averages aren’t personal quotes. The options available to you depend on factors including your loan-to-value, mortgage term, property, credit profile and lender criteria. Deals and pricing change from week to week, and arrangement fees matter too, so it’s worth comparing options rather than relying on a headline figure.

Rates can move in either direction, and we can’t predict what happens next. The next Bank of England decision is due on 5 November, with the Budget on 28 October; neither outcome is certain.

If your deal ends in the coming months, it may help to understand your options now rather than wait for a headline. We advise clients across the country from our Hitchin office. You’re welcome to pop into GKL Mortgage Brokers, 28 Hermitage Road, Hitchin, for a friendly, no-obligation chat.

GKL Mortgage Brokers | gklmortgagebrokers.co.uk |
*Your home may be repossessed if you do not keep up with your mortgage repayments

A £250,000 mortgage that cost £1,106 a month in 2021 would now cost around £1,605 at today’s average rates. If your fixe...
07/10/2026

A £250,000 mortgage that cost £1,106 a month in 2021 would now cost around £1,605 at today’s average rates. If your fixed deal ends soon, it pays to plan ahead.

Recent market data shows the average five-year fixed rate has reached 6% for the first time in three years, while the average two-year fix is around 5.98%. Around 1,500 mortgage deals priced below 5% have also disappeared since early September.

This is a reason to prepare, not panic. Most borrowers coming off a fixed deal will still be able to switch to a new deal. Options may include a product transfer with your current lender, reviewing the wider market or extending the mortgage term. A longer term may reduce monthly payments, but increases the total interest paid over the life of the mortgage.

Check your deal-end date and any early repayment charges now. Start looking around three to six months ahead, and stress-test what a higher payment could mean for your budget. Rates change, and criteria and arrangement fees apply.

We advise clients across the country from our Hitchin office. For a friendly, no-obligation review, visit GKL Mortgage Brokers, 28 Hermitage Road, Hitchin.

GKL Mortgage Brokers | gklmortgagebrokers.co.uk |
*Your home may be repossessed if you do not keep up with your mortgage repayments

Buy-to-let pricing has improved, with new limited-edition deals now available. Here's what landlords should know.New ran...
05/10/2026

Buy-to-let pricing has improved, with new limited-edition deals now available. Here's what landlords should know.

New ranges have come to market on two- and five-year terms, covering single dwellings, HMOs and multi-unit freehold blocks. They may be available to individual and limited-company landlords, subject to criteria.

If you're reviewing an existing buy-to-let mortgage or considering a product transfer, there are several points to weigh up:

• Rental cover calculations, including stress testing and ICR, can affect how much you can borrow.
• A lower rate may come with a higher arrangement fee, so the overall cost matters.
• Check any early repayment charges before changing your mortgage.
• A longer fixed term can offer more certainty, while a shorter term may provide greater flexibility.

Availability can change quickly. These deals won't be right for everyone, and criteria and fees apply. We can't predict where rates will go next.

We advise landlords across the country from our Hitchin office. For a friendly, no-obligation chat, visit GKL Mortgage Brokers, 28 Hermitage Road, Hitchin.

GKL Mortgage Brokers | gklmortgagebrokers.co.uk |
*Your home may be repossessed if you do not keep up with your mortgage repayments

Fixed rates are at a two-year high. You still have options, so let’s talk before any further increases.The average two-y...
28/09/2026

Fixed rates are at a two-year high. You still have options, so let’s talk before any further increases.

The average two-year fixed mortgage rate is now 5.91%, and the average five-year fix is 5.94%. Their highest levels in two and three years. HSBC, Barclays, Halifax and TSB have all repriced.

Fixed-rate pricing is influenced by swap rates and gilt yields, not only the Bank of England Base Rate, held at 3.75% on 17 September. Lenders reprice regularly and markets move in both directions. Deals appear and disappear, so it’s worth discussing your mortgage needs sooner rather than later, while you have time and choice.

None of us can predict rate movements, and today’s deals may not be available later. Knowing your numbers early means you can act if the right option appears, rather than reacting when it becomes urgent.

A conversation now does not tie you in. Securing a rate in advance does not necessarily mean being stuck with it if better options appear, subject to the lender’s terms.

If your deal ends in the coming months, or you’re wondering whether your mortgage still works for you, let’s talk. We compare options across the market and explain the trade-offs in plain English, with no obligation or jargon.

Pop into 28 Hermitage Road, Hitchin, or get in touch.

GKL Mortgage Brokers | gklmortgagebrokers.co.uk |
*Your home may be repossessed if you do not keep up with your mortgage repayments

Your income pays the mortgage. So what happens if illness or injury stops you working?Income protection is a policy that...
25/09/2026

Your income pays the mortgage. So what happens if illness or injury stops you working?

Income protection is a policy that may pay a regular monthly, tax-free benefit if illness or injury prevents you from working. It could help with mortgage payments and essential household bills while you focus on recovery.

Many policies aim to replace around 50% to 65% of gross earnings, but benefit limits apply and cover varies. Unlike critical illness cover, which typically pays a single lump sum when a specified condition is diagnosed, income protection is designed to provide a continuing monthly income.

It’s worth checking waiting periods, exclusions, eligibility, benefit limits and whether the cover fits alongside your mortgage term. It may not replace all your income, and a claim is not guaranteed. Cover is not suitable or necessary for everyone.

Income protection often costs less than people expect. Cover for a healthy 30-year-old office worker often starts from around £20 a month. Premiums depend on age, occupation, smoking status and the amount and length of cover chosen, and can vary significantly between providers, so it’s worth comparing rather than assuming it’s out of reach.

Talk to us about protecting your income: friendly, no-obligation chats at GKL Mortgage Brokers, 28 Hermitage Road, Hitchin.

GKL Mortgage Brokers | gklmortgagebrokers.co.uk |
*Your home may be repossessed if you do not keep up with your mortgage repayments

Managing multiple credit cards, personal loans, or other unsecured debts can sometimes feel overwhelming, especially whe...
24/09/2026

Managing multiple credit cards, personal loans, or other unsecured debts can sometimes feel overwhelming, especially when payments are scattered across different dates and interest rates. A debt consolidation mortgage scheme involves rolling these various outgoings into your mortgage, potentially simplifying your monthly finances and lowering your immediate monthly commitments. While this can reduce day-to-day financial pressure, it is important to carefully consider long-term factors, such as paying interest over a longer term and the impact on your overall mortgage borrowing. Every financial situation is unique, and we are here to help you weigh up the pros and cons clearly and transparently. If you would like a friendly, no-obligation chat about your options, pop into our Hitchin office on Hermitage Road or give us a call. We are always here to help.

Consolidating debt may reduce your outgoings now, but you may end up paying more overall. Your home may be repossessed if you do not keep up repayments on your mortgage.

GKL Mortgage Brokers | gklmortgagebrokers.co.uk |

Trackers are currently priced lower than fixed deals, so why do so many borrowers still choose to fix?Tracker rates are ...
22/09/2026

Trackers are currently priced lower than fixed deals, so why do so many borrowers still choose to fix?

Tracker rates are sitting around 4%, while many fixed deals are 4.75% or higher. That’s a noticeable gap, but the cheaper starting rate comes with more uncertainty.

A tracker usually follows the Bank of England Base Rate. Your payments could fall if rates fall, but they could also rise. A fixed-rate mortgage costs more today, but gives you certainty that your payment won’t change during the fixed term.

The Base Rate was held at 3.75% on 17 September. However, the vote was 6–3, with three members preferring a rise. Fixed-rate pricing is also influenced by swap rates and expectations about future borrowing costs.

We can’t forecast where rates will go, so this isn’t about predicting the market or saying one option is right for everyone. Your circumstances, budget and need for certainty all matter. Early repayment charges may apply, and a tracker isn’t always available or suitable.

If you’re weighing up your options, we’re here for a friendly, no-obligation chat. Pop into GKL Mortgage Brokers at 28 Hermitage Road, Hitchin, or get in touch.

GKL Mortgage Brokers | gklmortgagebrokers.co.uk |
*Your home may be repossessed if you do not keep up with your mortgage repayments

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SG53QP

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