Salcey Mortgages

Salcey Mortgages Award winning mortgage advisers covering the whole of the UK
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29/05/2026

Weekly Update🏡

It has been another good week in the mortgage world with the likes of Natwest and Barclays reducing rates. Halifax have announced cuts coming on Monday also. The all important SWAP rates which a lot of lenders base their pricing against have came down quite nicely this week and though we are still higher than pre US-Iran conflict, SWAPs are roughly 0.15% lower on 2 year money compared to the end of March and down 0.2% compared to the end of April. Therefore it is not surprising to see lenders lowering rates and we hope to see this trend continue as we move in to June.

15/05/2026

Weekly Update🏡

It has been a fairly positive week in the mortgage world with several big lenders cutting interest rates slightly. We are hoping more of the same for next week although the uncertainty around the leadership of the Labour party is causing some concern within the money markets.

We have seen a couple of lenders also relax their lending criteria which feels like a weekly occurrence at the moment. The biggest policy change was Halifax introducing a £5000 deposit mortgage for First Time Buyers. As the name suggests, ‘only’ a £5000 deposit is needed. Naturally there are some terms and conditions with this but it will definitely open the door for many people looking at getting on the property ladder.

08/05/2026

Weekly Update🏡

This week has been a relatively quiet week with just the odd mortgage lender changing rates. HSBC, Santander and Skipton have all reduced and we cant recall seeing any lender increasing. SWAP rates are down today with 2 and 5 year money down about 0.1% over the course of the week. In fact, they are lower now than they were at the end of March which is a good sign and hopefully we see more downward traction as we move into the middle of May. We believe the key driver remains how the negotiations between the USA and Iran go and fingers crossed we see an end to recent events.

01/05/2026

Weekly Update 🏡

It has been another week of lenders cutting rates with the likes of HSBC, Barclays and Natwest all announcing rate decreases. We are still a way off where we were at the end of Feb however we have seen the lowest fixed rate on offer drop under 4.5%. The ‘Tracker’ mortgage has had a surged in popularity over the past few weeks however. With the lowest rate being 3.96%, it offers circa 0.5% cheaper borrowing costs for anyone willing to take a gamble on interest rates (translates to about £70pm saving on a 250k mortgage over 25 years). We will add that we do allow clients the option to review their products several times between application and completion so if the tide turns again in favour of a fixed, they have the flexibility to switch to such product before completion should they wish.

Bank of England base rate was held at 3.75% yesterday with 8 of the 9 members voting for this. Though there are many factors considered by mortgage lenders when assessing their pricing, we feel the base rate is the one that most people see and read about.

24/04/2026

Weekly Update🏡

Its been an encouraging week with many mortgage lenders reducing rates. We have seen the likes of Nationwide, Natwest, Barclays, HSBC, Halifax and Santander amongst several others all reduce rates. We are still a way off from where we were late February however there are some positive signs that the mortgage market is stabilising somewhat. All eyes are on next weeks Bank of England Meeting scheduled for Thursday 30th April which may give us a better indication of where interest rates are likely heading.

Lenders still appear to have a large appetite to lend with further lenders relaxing their criteria slightly which will allow more people to borrow what they require. This continues an ongoing trend we have seen over the past 12 months.

17/04/2026

Weekly Update 🏡

Its been the best week so far since the conflict in the middle east began with big names such as HSBC, Santander and Halifax all announcing rate cuts. Some of these cuts were up to 0.35% which is very welcoming. SWAP rates are down today also by 0.1% across 2, 3 and 5 year money, which is a pretty sizeable daily change and may trigger further cuts next week by mortgage lenders. We assume Iran announcing the Strait of Hormuz has ‘reopened’ earlier this afternoon leading to oil and gas prices tumbling and stockmarkets surging, has contributed to this. Its important we don’t get to carried away however and we all know a lot can change in a matter of hours but as weeks go, its been a positive one and todays announcement could ultimately lead to lower mortgage pricing next week. It may well be that anyone who has applied for a mortgage in the past few weeks will have a cheaper option presented to them next week, something we can do for each and every client.

10/04/2026

Weekly Update 🏡

Another week of the all important SWAP rates finishing lower than what they started the week at. We haven’t seen many rate increases this week which has been nice and have even seen Skipton Building Society announce rate reductions for Monday. The apparent ceasefire in the middle east has helped drag SWAPS down, although how long this will last is up for debate. We believe lenders will want a bit of consistency before making any significant changes but we can hope that things continue to improve through next week with mortgage interest rates reducing as a result.

02/04/2026

Weekly Update🏡

It’s been the first week since the conflict in the middle east started, that SWAP rates finished lower than they were at the start of the week. We have seen some rate increases by lenders but nothing compared to the previous week and even saw Coventry Building Society reduce rates today although we think this was more of a readjustment to be honest of previously higher rates. Regardless, we feel a little more relaxed than the past few weeks.

Cover over the bank holiday weekend is as follows should you need us:

Friday – Kelly Riley 07919342824 [email protected]

Saturday – Patrick Earey 07508138584 [email protected]

Sunday – Tom Sendall 07919340783 [email protected]

Monday - Kelly Riley 07919342824 [email protected]

27/03/2026

Weekly Update🏡

Another week of volatility in the mortgage market as the fallout with the conflict in the middle east continues but arguably a little better than last week. SWAP rates have bounced around a fair bit with lenders increasing rates again but not as aggressively as last week. We still have a small number of deals under 4% and a noticeable difference with many tracker rates lower than fixed rates currently. We have seen an increase in applications submitted across the broker network as people race to lock into deals which has put pressures on underwriting timeframes. HSBC for example have been quoting up to 25 calendar days to assess an application. As mentioned before, the mortgage market is often a ‘need’ rather than a ‘want’ and is typically quite a resilient industry. We are encouraging anyone who is looking to move forward with a mortgage application to act promptly to avoid any further increases. We of course can review interest rates before completion for any client so if rates do decrease, we can look to take advantage of this. It will likely be an incredibly busy period if this happens. Here’s hoping for a better week with rates next week!

20/03/2026

Weekly Update 🏡

Despite some significant volatility in the UK mortgage market this week with SWAP rates rising sharply, lenders have shown resilience by adjusting quickly and maintaining flexibility. There was some comfort in the Bank of England holding the base rate yesterday at 3.75% which is often the key variable to public perception of interest rates. Unfortunately, there is only a handful of sub 4% rates left, however there is an opportunity for a client to review their rate that they take again before completion. We are in a strong position to do this with our weekly rate monitoring that we do for all clients meaning that if rates fall between now and completion, we can look to lock into something lower for the client. We have our fingers crossed that we will see some stability next week which I feel the mortgage market is craving after the past few weeks.

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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