06/10/2026
📈Mortgage Rates have increased again recently
If you’ve seen the recent headlines about mortgage rates starting to increase, it’s understandable to think what this could mean for you.
Over the last few years, we’ve seen mortgage rates rise and fall much more frequently, sometimes changing direction within a matter of days … 😅
It’s certainly a different mortgage market to the one we were used to five years ago, when rates could remain relatively settled for much longer.
But while increasing rates aren’t something to ignore, they’re also not a reason to panic.
🏡 If your current mortgage deal ends within the next 6 months, now is the time to start looking at your options.
Depending on your lender and circumstances, we may be able to:
✓ Secure a new rate ahead of your current deal ending
✓ Compare your existing lender with the wider mortgage market
✓ Reserve a rate now while continuing to review your options
✓ Switch to a more competitive product if rates improve before completion
🔐 Already secured a new rate?
There’s no need to worry. If we’re looking after your mortgage, we’ll continue to review your options under our rate service agreement*.
Mortgage rates will move — sometimes up and sometimes down. The important thing is to be prepared rather than trying to predict exactly what the market will do next.
📩 If your mortgage deal ends within the next 6 months, get in touch and we’ll talk you through your options.
South Yorkshire Money
Making mortgages make sense.
Your home may be repossessed if you do not keep up repayments on your mortgage.
*rate service agreement involves an administration fee
