Will Mortgage Rates Fall in 2025? UK Base Rate & Market Update

What’s Really Happening with UK Mortgage Rates Right Now?

Mortgage rates and the Bank of England base rate are closely linked but it’s not as simple as “base rate goes down, your mortgage gets cheaper.” Lenders also price in their own costs, risks, and wider market conditions, which is why recent moves in the industry haven’t always lined up with expectations.

In this video, I’ll break down:

👉 Why mortgage rates have been so volatile over the past couple of years and what’s driving recent changes.
👉 Where rates sit right now compared to previous highs, and whether lenders are finally starting to ease up.
👉 Who actually benefits most from falling rates (tracker and SVR borrowers vs those on fixed deals).
👉 Why rates might not fall as quickly as some hope, with inflation, economic uncertainty, and global pressures keeping things sticky.

We’ll also look at what this means for you as a borrower, whether you’re on a variable deal and seeing savings already, on a fixed rate preparing for renewal, or a first-time buyer hoping to lock in a deal.

Timecodes:
00:00- RATES ARE DROPPING
00:45- WHAT AFFECTS INTEREST RATES? / BOE BASE RATE
02:10 - LENDER COMPETITION
03:10- WHATS HAPPENING TO INTEREST RATES?
04:29- WHO BENEFITS FROM RATE DROPS?
05:35 - WHAT WILL RATES BE AT THE END OF THE YEAR?
06:20- WHAT DOES IT MEAN FOR YOU?
07:10 - SWAPPING FOR THE BEST RATE

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