Salcey Mortgages

Salcey Mortgages Award winning mortgage advisers covering the whole of the UK
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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.

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

24/07/2026

Weekly Update 🏡

We have seen lenders increase rates this week as SWAP rates continue to rise off of the back of ongoing escalations between the Usa and Iran. A lot of eyes are focussed on the Bank of England’s base rate meeting next week. Markets predict the base rate to be held at its current level of 3.75%.

Away from rates, we are seeing a busy July which is good to see especially around first time buyer enquiries which we feel are the foundations of the property market

03/07/2026

Weekly Update

Another week, another set of rate cuts with the likes of Santander, TSB, Natwest, Barclays and Virgin all reducing rates. Seeing lenders creep back closer to the 4% mark with Nationwide leading the charge and going sub 4.2% on a fixed rate on a residential purchase. In fact, the lowest rate on a fixed rate mortgage is 0.1% cheaper than last week which might not sound a huge amount but does make a difference on a 6 figure mortgage balance! Hopefully more of the same next week. We still have the likes of Barclays and Halifax offering residential tracker products under 4% at 3.99% and 3.96%.

Maybe an age related reference for some but the brand which brought us Howard Brown in their TV adverts, Halifax, will be changing their name to Lloyds. Lloyds Banking Group who own Halifax announced the change this week which represents an end to the brand name which has been in existence since 1852. This however, brings good news as it means us mortgage advisers finally get access to Lloyds Mortgage products. Unlike all of the major high street banks, Lloyds have always remained a ‘direct lender only’ meaning you had to deal direct with them to access their mortgages. Commercially, this brings a lot of opportunity for us brokers to utilise their products and give clients more choice when assessing their mortgage needs.

26/06/2026

Hi all,

We hope everyone is well and not found the heat to difficult to deal with this week.

We have had another great week with a multitude of lenders reducing rates. We are seeing many lenders offering fixed rates under 4.5% again with the lowest we’ve seen on a residential purchase and remortgage showing at 4.29%. Tracker rates still remain the cheaper form of borrowing with rates as low as 3.96%. The all important SWAP rates are down compared to this time last week so there is hope we may see some further reductions next week.

Away from rates, Santander announced a big change to their lending policy. They will now consider lending up to 90% Loan to value (LTV) AKA a 10% deposit mortgage, to someone who has been in the country less than a year. This will make a big difference for foreign nationals who have recently moved to the UK.

19/06/2026

Weekly Update 🏡

It has been one of the best weeks in the mortgage world for several months with nearly all mainstream lenders reducing rates across various products. Coupled with the Bank of England choosing not to raise the base rate AND an apparent peace agreement being finalised from the USA with the conflict with Iran, the mortgage world looks a little brighter this Friday. SWAP rates are pretty much where they were still at the start of the month however but it does feel like a more confident market out there.

12/06/2026

Weekly Update 🏡

GDP data has been released this morning. It dipped in April but quarterly growth remains resilient. As a result, many think the Bank of England will adopt a ‘wait and see’ approach to interest rates at next Thursday's meeting.

Mortgage rates continue to slide downwards with the likes of Natwest, Halifax, Nationwide and HSBC all reducing rates this week. We are hopeful of more of the same next week.

Address

400 Pavilion Drive
Northampton
NN47PA

Opening Hours

Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
Thursday 8:30am - 5:30pm
Friday 8:30am - 5:30pm
Saturday 10am - 4pm

Telephone

+441604905483

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