Mortgage rates drop below 5%, the lowest seen for months – Nov 2023

We are seeing more and more lenders offering mortgage interest rates that are under 5%, the lowest they have been for months.
Mortgage rates drop below 5%

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We are seeing more and more lenders offering mortgage interest rates that are under 5%, the lowest they have been for months.

As some lenders are offering sub 5% mortgage interest rates, others will look to offer the same to remain competitive in the market.

Did you know, you can secure a new mortgage interest rate 6 months before your current mortgage rate expires and if rates drop further during this time you can switch to the lower interest rate.

If you are within 6 months of your rate ending, contact us today!

If you are outside of the 6 months, make contact with us and we’ll talk to you about options and set a reminder to contact you at the right point.

Lenders Standard Variable Rates (SVR) are what you move to if you don’t take a new mortgage product with a lender, these are currently 

  • Barclays 8.74% 
  • Halifax 8.74% 
  • NatWest 8.24% 
  • Virgin Money 9.49% *

You really don’t want to be paying these interest rates and higher mortgage payments if you can avoid it!

Rates correct as of 9 November 2023

Clever Mortgages is now part of Oak Mortgages Limited.

Don’t worry, you’ll still be looked after by the same friendly, experienced team you know and trust. We’re here to guide you every step of the way on your mortgage journey.

👉 Discover more about us at www.oakmortgage.co.uk or see what our happy clients are saying on Google Reviews.

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