Related topic: Mortgage rates

Daily SONIA swap rates are delivered directly to mortgage brokers' inboxes.

The average effective mortgage interest rate is expected to rise from 4% in 2026 to around 5% by 2031.

Rely has also reduced rates across its existing 80% LTV range.

Residential and buy-to-let rates have reduced by up to 0.15%.

The reductions broaden the options available to brokers supporting customers who may be able to afford a mortgage today, despite a recent credit issue.

Rates have reduced by up to 41bps across the lender's core, LTI Boost, Fee Assist, Extra, Right to Buy and shared ownership ranges.

The Society says it wants to help to make homeownership more accessible for customers who may face challenges saving for a larger deposit.

Semi-commercial two-year fixes now start from 5.91%, with five-year fixes from 6.38%.

Mortgage rates are pushing sellers in cheaper regions to cut asking prices, according to Rightmove.

The latest reductions span purchase, remortgage and product transfer.