UK Mortgage Market — Weekly Roundup
Five quick updates that matter to borrowers, advisers and property professionals. Read, save, or forward — this newsletter is ready to drop into your inbox.
Permanent Mortgage Guarantee Scheme launched
The UK government has published a permanent Mortgage Guarantee Scheme to support lenders offering high‑LTV products (including 91–95% LTV / 5% deposit options). The scheme is intended to broaden access for buyers who struggle to save larger deposits.
Lenders pull back from green mortgage offers
Several lenders have reduced their green mortgage ranges or tightened eligibility. While green deals remain, product numbers and lender participation have fallen from earlier highs — an important development for buyers targeting lower rates linked to energy efficiency.
Mortgage lending growth expected to pick up in 2025
Analysts forecast stronger net mortgage lending in 2025 as interest rates ease and consumer confidence improves. This could support both home purchase and remortgage activity through the year.
Mixed signals on fixed mortgage rates
Although base rate shifts have been signalled by the Bank of England, many lenders’ fixed‑rate offers have moved in both directions. If your deal is maturing soon, review options early — market volatility means prices can change quickly.
FCA opens discussion on mortgage rule changes
The Financial Conduct Authority has published a discussion paper exploring reforms to mortgage rules — seeking input on options that could alter affordability, product design and consumer access. Stakeholders are invited to respond to shape next steps.
- If your fixed rate ends within 6 months, start comparing now.
- First‑time buyers: check whether participating lenders are offering high‑LTV products under the new guarantee scheme.
- Advisers: consider adding an FAQ on green mortgages explaining current eligibility constraints.
All links point to official coverage and industry notes.