23/07/2026
📢 Important for anyone approaching a mortgage remortgage or planning to buy a property!
Over the past two months, we’ve seen a series of mortgage interest rate reductions across the market.
❗️However, during the past week, most lenders have already started increasing interest rates on selected mortgage products.
✅ Fortunately, before these increases took effect, we secured lower interest rates for nearly 50 of our mortgage applications (particularly those submitted from the end of March onwards, following the news of the war), covering both property purchases and remortgages.
One of the questions we are asked most often is: “How many times can my interest rate be reduced, and by how much?” Here are two real examples:
Example 1:
A client started their mortgage application at the end of April, when we secured an interest rate of 5.16%. On 10 July, we reviewed their mortgage product again and reduced the rate to 4.73%, which will remain valid until the new lender pricing comes into effect at the beginning of August.
Example 2:
Another client is currently purchasing a property. Their original mortgage offer was issued at the end of April with an interest rate of 5.15%. Between then and 10 July, we successfully switched them to lower-rate products five times, bringing their current rate down to 4.77%.
It is important to note that not all lenders reduce their mortgage rates this frequently, and lower rates are not available for every customer or every application.
💡 This is exactly why we always recommend that our clients begin preparing for a remortgage 3–4 months before their current fixed-rate period expires.
Why?
✔️ If interest rates continue to fall, we can request a better mortgage product.
✔️ If rates begin to rise, you’ve already secured the lower rate.
In other words, there is only an advantage to acting early. If lenders introduce better rates before your mortgage completes, your interest rate can usually be reduced. However, if you wait and rates increase, you cannot go back and secure the lower offer you missed.
If, over the coming months, you are planning:
🏡 To purchase a property;
🔄 To remortgage; or
📅 Your current fixed-rate period is coming to an end,
Get in touch with us early. We’ll monitor the market on your behalf and do everything possible to secure the best mortgage deal available at the time.
