Mortgage rates just jumped… and it happened fast. Over the past couple of weeks, we’ve seen a noticeable shift in the market. Rates have moved up, deals have been pulled, and a lot of the sub-4% options have quietly disappeared. For context: 👉🏼 The average fixed rate has jumped to around 5.2%+ 👉🏼 That’s roughly £700–£800 more per year on a typical mortgage 👉🏼 And nearly 700 mortgage products have been pulled in a short space of time What’s behind it? It’s not just the UK market - global events (like the situation in the Middle East) are pushing up inflation expectations, which then feeds into mortgage pricing. And this is the bit that matters 👇🏼 Mortgage rates can move quickly… even when the Bank of England hasn’t changed anything yet. It’s a reminder that timing and structure matter more than ever.

Posted by Rob Peters at 2026-04-07 08:21:13 UTC