Mortgage Market Update Autumn 2026

16 October, 2026

It’s been almost impossible to avoid the news about rising interest rates recently. While the headlines can sound worrying, they don’t always tell the full story.

The mortgage market has certainly seen some ups and downs this year, mainly due to higher energy costs and inflation. Although mortgage rates have increased since March, it’s important to put things into perspective. Over the last 40 years, average fixed mortgage rates have typically been between 5% and 6%, and current rates are still sitting towards the lower end of that range.

There are also reasons to feel cautiously optimistic about what’s ahead. While the Bank of England may increase the base rate slightly over the winter, some major lenders and financial experts believe rates could begin to ease again as we move into next summer.

With so much conflicting information online and in the media, getting independent mortgage advice has never been more valuable. Our mortgage advisors, continuously monitor the market and review your mortgage options right up until exchange of contracts. That means you can secure a deal to protect yourself from future rate rises, while also benefiting if a better rate becomes available before completion. In a fast-moving market, having an expert on your side can make all the difference.

If you'd like to explore your mortgage options, speak to your local mortgage advisor at your nearest Field Palmer branch. We'll help you find the latest deals and guide you through the process every step of the way.