Mortgage rates by year end

Mortgage rates likely to be over 3% by the year end - still low, but highest in 10 years

With inflation running high, the Bank of England increased its base rate to 1.25% in June, with another 0.5 percentage point rise forecast before the end of 2022 and potential for a further 0.25 percentage point rise in 2023.

The typical margin between mortgage rates and the bank rate (1.5 percentage points over the last year) suggests the average new lending mortgage rates will be over 3% by the end of 2022.

The vast majority of new mortgage borrowers are on fixed rates (representing 92% of new loans over the last 5 years) offering protection from rising payments, at least until the fixed term expires.

House prices are largely driven by what people can borrow and at what cost, so with rising rates this does start to drive affordability the wrong way. Source: Dataloft, Bank of England HM Treasury Consensus Forecasts June 2022

Get our Newsletter

First Name

Last Name

Your Email Address

Mobile Phone

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)

Confirm

How to Spot Your Dream Neighbourhood

Choosing a new home isn’t just about the property itself – the neighbourhood plays a huge role in your quality of life. From schools and transport links to local shops and community spirit, here’s what to look out for when deciding if an area is right for you.

CLICK HERE >

Are You Ready to Sell in the Next 3 Months? Here’s How to Win

Thinking of putting your home on the market soon? If you’re aiming to list within the next 90 days, this guide is for you. Here’s how to sharpen your strategy so you don’t just sell — you get the sale you want.

CLICK HERE >

Easy Upgrades That Add Value to Your Property

When it comes to selling your home, small improvements can make a big difference to the final price you achieve. The good news is that you don’t always need a full renovation. With a few cost-effective upgrades, you can boost your property’s appeal and attract more motivated buyers.

CLICK HERE >

Market Comment (October 2025) - What Buyers And Sellers Must Know This Autumn

As we move towards the end of the year, the UK housing market shows no sign of slowing down. With rumours swirling about further SDLT changes, it’s natural some people will choose to wait and see what comes next.

CLICK HERE >