Mortgage Market Update – Week Ending 28 November 2025
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THE PRICE WAR IS ON – RATES AT THEIR LOWEST IN YEARS
TIME TO SAVE ON YOUR MORTGAGE?
With offices in Fulham, Westminster & Pimlico, Chelsea & Belgravia, and Nine Elms & Vauxhall,
Garton Jones brings you this week’s key mortgage updates — direct from our trusted partners.
Price War Intensifies: Major lenders slashing rates
SWAP Rates Down: 2-yr ~3.75% | 5-yr ~3.91%
Best Affordability in 3 Years: Payments at 34.3% of salary
This Week’s Highlights
The Price War Continues
Further rate reductions across residential and buy-to-let from all major lenders. SWAP rates have eased — 2-year ~3.75%, 5-year ~3.91%.
Biggest Cuts This Week
• Santander: up to 0.21% off – new remortgage rates from 3.55%
• Barclays: up to 0.30% off selected 5-year fixes
• Halifax: up to 0.14% off
• HSBC: cuts across residential & BTL
Most Affordable in 3 Years
Mortgage payments now take just 34.3% of average salary — lowest since November 2022.
House Prices +2.6% | Rents +5%
Average UK house price £272,000 (Sept). Private rents £1,360 pcm (Oct).
Rates are moving fast. Contact Garton Jones for a free mortgage review — we’ll find you the best deal.
Questions? Email marketing@gartonjones.com
