Autumn 2025 Mortgage Market Update

14 October, 2025

It was a strong summer in terms of mortgage approvals (up over 4% compared to last summer) and as the Autumn unfolds, we are still seeing high levels of First Time Buyer and Mover enquiries

The pace of rate reductions have slowed compared to the first half of the year as the markets and Bank of England await the Autumn budget – but generally rates are still over 0.5% lower on average then this time last year – we are also hopeful that the financial markets and thus interest rates will respond well to what may well be a more prudent then usual budget statement in November

The Bank of England still want to cut the base rate further and although the frequency of these cuts may well become more drawn out as we move into next year, there is still scope for rates to fall further – encouraging more First Time Buyers and up-sizers to enter the marketplace

Crucially, mortgage providers are wanting to lend and have the capacity and financial stability to be able widen the breadth of their lending – this is going to be further assisted by the FCA’s intention to further loosen lending restrictions and allow enhanced mortgage to income ratios

As always, please contact us at Choice Mortgage Solutions in one of Pearsons offices for free initial advice from the whole of the mortgage marketplace

Ben Kany

Mortgage and Protection Consultant