Why Lower Mortgage Rates Are a Game-Changer for First-Time Buyers

Why Lower Mortgage Rates Are a Game-Changer for First-Time Buyers

For many first-time buyers, affordability has long been the biggest hurdle to homeownership. However, with mortgage rates on the decline, monthly repayments are becoming far more manageable. This shift is opening doors for buyers who are ready to take advantage of the changing market conditions.

They say you can’t have your cake and eat it too. But for many first-time buyers right now, falling mortgage rates are helping to prove otherwise.
 
On the average UK first-time buyer mortgage, monthly repayments are around £355 cheaper than they were three years ago. That saving can make the difference between simply scraping by and still being able to enjoy some of life’s little extras... whether that’s a holiday, hobbies, or just breathing room in the budget.
 
Of course, we know that buying a home still feels out of reach for some. Yet for those who are ready to take the leap, this shift in affordability is worth knowing about.
 
If you’re thinking about purchasing your first home, get in touch with us today. Our team is here to guide you through every step of the process and help you make the most of these mortgage conditions!

You can give us a call on 01282 772048 or email me at india@pendlehillproperties.co.uk



Get in touch with us

We track Burnley’s average monthly house prices to help you spot market trends. Discover what they mean for your property’s value and how Pendle Hill Properties can guide you with expert, no-obligation valuations.

The UK property market in week 38 of 2025 remains steady, with new listings and sales close to seasonal norms. While stock levels are rising, demand is holding firm, keeping activity above long-term averages and highlighting a resilient market as we head into autumn.

At Pendle Hill Properties, we know that every move has its own story. Whether you’re buying your very first home, looking for more space for a growing family, or planning to downsize to something more manageable, we’re here to guide you through the journey.

If you’re hoping to be in your new home by Christmas, time is running out. With UK sale timelines now topping 200 days from listing to completion, September may be your last chance to start the process. Here’s what you need to know before it’s too late…