If you’re considering buying a home or remortgaging in 2025, there’s some good news.
According to the latest Moneyfacts UK Mortgage Trends Treasury Report, the number of mortgage deals available—particularly for those with smaller deposits—is the highest it’s been in 17 years. But while increased choice is welcome, it also means navigating the market is more complex than ever. That’s why speaking to a mortgage broker is more important now than it’s ever been.
Record-High Mortgage Choice—Especially for First-Time Buyers
The latest data reveals:
- 442 mortgage deals at 95% Loan-to-Value (LTV)—ideal for buyers with just a 5% deposit. That’s the highest number since March 2008.
- 845 deals at 90% LTV, also a 17-year high.
- In total, there are 1,287 products available at these high-LTV tiers.
This is great news for first-time buyers and those with lower deposits. More choice means more flexibility and the potential for better deals—but also more complexity when comparing products.
Mortgage Rates Are Falling (Slowly)
Average mortgage rates have seen modest but steady declines:
- Two-year fixed: Down to 5.32% (from 5.80% a year ago).
- Five-year fixed: Now 5.18%, a 0.21% drop since April 2024.
While these may not sound like huge reductions, in real terms they could mean significant savings over the life of your mortgage. And with the Bank of England base rate holding steady (for now), many lenders are using market swap rates to adjust pricing—often cutting rates to stay competitive.
Mortgage Product Shelf-Life Rises to 21 Days
The average mortgage product now stays on the market for just 21 days, up from 16 in March. This might sound like a good thing, but in reality, it means rates and deals are changing quickly. If you’re not ready to act fast, you might miss out on the best options.
Why Now’s the Time to Speak to a Mortgage Broker
With more deals on the table, and rates shifting week to week, choosing the right mortgage is no longer as simple as picking the one with the lowest rate. Here’s why talking to a mortgage broker is essential:
- Expert Guidance – A broker understands the fine print—interest rates, fees, loan criteria, early repayment charges—and can find the best overall deal for your personal situation.
- Access to Exclusive Deals – Some of the most competitive rates aren’t available directly to consumers. A broker can access exclusive products not on the high street.
- Speed and Strategy – With product shelf-life shrinking, a broker helps you move quickly and confidently, avoiding delays that could cost you.
- Tailored Advice – Whether you’re a first-time buyer, remortgaging, or moving up the ladder, brokers offer bespoke advice based on your circumstances—not generic guidance.
Final Thought from Oakfield
The mortgage landscape is shifting—and for the better. More choice, lower rates, and greater lender flexibility are making it a more accessible market, especially for those with smaller deposits.
But with that opportunity comes complexity. Speaking to a qualified mortgage broker isn’t just smart—it could save you thousands over the life of your loan.
At Oakfield we work with a team of fantastic brokers who will offer free, impartial advice so whether you’re buying your first home, moving, or refinancing, get in touch today and let’s talk about your next move. Check out our contact details here.