Cashback Remortgages · Mortgage rates
What Affects Mortgage Rates?
Mortgage rates are shaped by the wider economy and by your own circumstances. Understanding the drivers helps you interpret why deals change.
Market drivers
The Bank of England's Bank Rate, the cost of lender funding and competition between lenders all influence pricing, which is why the same product can be priced differently over time.
No one can reliably guarantee where rates go next.
Your own drivers
Your loan-to-value band, the product and deal length, and your credit and affordability profile affect the rate you can access. A lower LTV usually unlocks cheaper products.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.