Mortgage Rates: Our expert advice on finding the right mortgage product in today’s market
In a market that’s constantly evolving, one of the most frequently asked questions we hear at Helen Ferneyhough Associates is: “What mortgage rates are available right now?”. It’s a fair question – and one that doesn’t always come with a straightforward answer.
Mortgage rates in England and Wales are influenced by many factors, including the Bank of England base rate, inflation, lender criteria, and global economic conditions. While headline rates may catch your eye on price comparison websites or in the media, the most suitable mortgage product for your circumstances depends on more than just the lowest rate available. That’s where expert advice comes in.
What’s Happening With Mortgage Rates?
As of spring 2025, mortgage rates have begun to stabilise after the volatility of the past couple of years. With inflationary pressures easing slightly and the Bank of England holding base rates steady, some lenders are cautiously reducing fixed-rate products to attract new business. You’ll now find 2-year and 5-year fixed rates starting from around 4.5% depending on your loan-to-value (LTV), credit profile and income structure.
That said, not everyone will qualify for the best rates. If your credit history has a few blips, you’re self-employed, or you’re buying a non-standard property, your available options may be more limited – but not impossible.
Why Mortgage Advice Matters
At Helen Ferneyhough Associates, we believe mortgage advice should never be one-size-fits-all. We take the time to understand your financial situation, future goals, and any challenges you might face in securing a mortgage. That’s how we tailor our advice to suit you, not just the market.
Our process includes:
• Assessing your income and expenditure to determine affordability
• Reviewing your credit profile to identify any red flags
• Explaining product types such as fixed, tracker, or discount mortgages
• Searching across the market to find deals from mainstream banks, building societies and specialist lenders
• Helping you weigh the pros and cons of upfront fees versus lower rates
• Managing the entire application process from Decision in Principle to completion
Because we’re not tied to any one lender, we can give impartial advice and access products not always available directly to the public.
Can’t I Just Search Mortgage Rates Myself?
Of course, if you’re curious to see what’s currently available, there are some great tools out there. Consumer champion sites like Which? offer useful mortgage comparison tables to give you a broad idea of rates.
But remember: what you see online is not the whole picture.
Many rates come with conditions that aren’t immediately obvious – such as high arrangement fees, minimum income requirements, or short application windows. And some of the best deals, especially from specialist lenders, won’t appear on public search engines at all. This is where working with a broker like Helen Ferneyhough Associates gives you the edge.
What Makes a Mortgage Broker Valuable?
We don’t just source mortgage products – we interpret them. And more importantly, we ensure that your application is positioned to meet a lender’s criteria from the outset. That means fewer delays, less back-and-forth, and a much better chance of success.
We’ve also helped many clients with more complex circumstances – including those with poor credit history, recent job changes, or unconventional income – secure mortgages they didn’t think were possible. Our goal is not just to get you a mortgage, but to get you the right one for your future.
Let’s Talk About What Works for You
Whether you’re a first-time buyer, looking to remortgage, or buying a new home, understanding what mortgage rates are available now is just the beginning. Let’s find the mortgage that fits your goals, budget, and lifestyle – today and tomorrow.
To speak with one of our expert mortgage advisors, contact us. We’re here to guide you every step of the way.
Important Notices
There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £195 to £1500, and this will be discussed and agreed with you at the earliest opportunity.
Your home may be repossessed if you do not keep up repayments on your mortgage.
