Mortgage Rates Being Cut but We Are Waiting

Published / Last Updated on 19/01/2023

Over the last couple of weeks, we have noted a trend that most mortgage lenders are starting to cut or think about interest rate cuts.

We are seeing rate cuts such as Nationwide and Halifax by 0.2%, Virgin Money 0.59% and whole host of smaller lenders cutting rates and/or offering new deals on fixed rate, discounted rate and buy-to-let mortgages.


The directors of this firm, Ashley, and Joanne Roberts-Clark, are currently waiting to search for a new mortgage deal on an investment property where the current mortgage deal expires in May 2023.  We could lock into a deal today but will hold for now as we expect a rate rise but then to fall back again.

This is a difficult time for us all with inflation falling slightly but interest rates may rise a little more before falling back.  It is tough to call and we will gamble but pay off some more capital if raise do rise again to keep mortgage costs steady.

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