Salcey Mortgages

16/10/2026

Weekly Update

First week in a while where we have seen several high street lenders cut rates with the likes of HSBC, Barclays and Natwest announcing some decreases across their range. Plenty of lenders back under 5% on ‘Fixed’ rates now with 3.99% still to be found on ‘Tracker’s’.

Less than 2 weeks to go now until the government’s budget announcement and the formal unveiling of the ‘Your First Home Scheme’. They have kept very tight lipped on the detail of the scheme so keen to see the breakdown of the scheme.

03/10/2026

Weekly Update

We finally saw some lenders announce some cuts this weeks to their interest rates which is welcomed news. Based on our experience, we would say the average lender reprices every 10 calendar days (although we have seen periods where a lender has repriced twice in 5 days!). With so many lenders in the UK, we will stick our neck out sand say we doubt there has been many, if any, days this year where the rates being offered in the UK have stayed the same 2 days running as it would be highly probably at least one lender has adjusted their pricing. Various factors are considered of course when a lender decides to reprice but the majority of lenders are good at notifying us of upcoming changes.

27/09/2026

Morning all,

Some of you may have seen reports yesterday afternoon that the government are planning to relaunch efforts to help new buyers via a scheme called ‘Your First Home’. The details are vague at this time but appears under the scheme, first-time buyers will get a 20% equity loan to help them buy a new-build home, with an initial interest free period and a requirement of a minimum deposit of just 2.5% so not to dissimilar to the previous Help to Buy scheme. Household income caps and a deposit cap will be introduced to exclude those on the biggest salaries and with big savings pots, with the scheme targeted at those who may struggle to buy a home on their own. Price caps will ensure people can only buy modest houses. Our understanding is John Healey will be sharing the details in the Autumn Budget on the 28th October. As this is breaking news over a weekend, there has been no commentary from mortgage lenders but we would expect any lender who did Help to Buy previously will be looking to offer mortgages on the scheme.

The government said support will be targeted to assist those without support from the "bank of mum and dad" to buy a "modest new build home".

25/09/2026

Weekly Update 🏡

A better week with some decreases from lenders such as Natwest and Skipton albeit we did see the odd increase also. SWAP rates are lower across nearly each metric than they were this time last week which is a positive and we can only hope that there is some truth about a full reopening of the Strait of Hormuz offered by Iran to the US as markets will almost certainly react well and a fall in the cost of borrowing will likely be a result (amongst many other things we will add!).

In other news, we have another lender come to market who allow 100% LTV mortgages. Plenty of lenders now offering sub 5% deposit mortgages.

11/09/2026

Weekly Update🏡

Its been a more challenging week for mortgage rates, with swap rates rising and a number of lenders adjusting pricing upwards. Whilst this creates some challenge, activity remains very competitive and we are still seeing a larger than average level of enquiries for the time of year. Our advice to anyone looking to seek a mortgage in periods of rate increases is to act fast and make sure you have the documents required ready to go. We do track interest rates post application however so a client has the knowledge that we will update them if a better rate becomes available (terms and conditions apply)

05/09/2026

Weekly Update 🏡

Coventry Building Society made a big change with their lending criteria this week. They will now lend up to 6.5x gross annual income for First Time Buyers and will allow 95% loan to value (LTV) on newbuild or established houses. No applicant can be self-employed however, with minimum income £30k (sole), £50k combined (joint) needed. We can see this being very popular amongst First Time Buyers.

It was due to be a sombre update this week with swap rates rising and mortgage pricing increased by several lenders. However swap rates fell by just shy of 0.1% on most yearly pricing on Thursday as the global bond market sell off appears to have eased somewhat and markets restabilised so we are hopeful that some of the increases we have seen will be reversed next week.

21/08/2026

Weekly Update 🏡

Another great week for interest rates with many lenders reducing rates including the likes of Nationwide, HSBC, Halifax and Santander. 3 of these 4 lenders reduced last week so good to see further reductions being made. Lowest tracker rate for a residential purchase and remortgage that we have seen this week is at 3.99% with the lowest fixed being 4.39% (both at sub 60% LTV).

14/08/2026

Weekly Update🏡

Another great week for interest rates with many lenders reducing rates including the likes of HSBC, Halifax and Santander. Lenders are reporting a busy summer holiday period which is usually a quieter time of the year, so there appears to be plenty of activity out there at the moment.

31/07/2026

Weekly Update 🏡

ATOM Bank is the first lender to our knowledge, to offer a mortgage at 95% LTV on newbuild houses with the 5% deposit coming solely from a builders incentive. This means, if you can get the developer to agree to a 5% gifted deposit (plenty of developers are offering this), then in theory, you could buy without a deposit from your own sources. Unfortunately, it is on selected postcodes and most local to us is the MK postcode. Unfortunately, the NN postcode isn't in yet. We are hopeful of seeing more postcodes falling within this criteria later this year. Terms and conditions apply.

Rates climbed a little this week as markets didn’t overly like the escalations between the US and Iran. No huge changes and arguably normal market activity as interest rates chop and change. Bank of England base rate was held again at 3.75% yesterday.

29/07/2026

We don’t often share other business’s posts but we make an exception for Lea-Lea’s childcare as she is simply brilliant at what she does.