The UK mortgage market is shifting once again, and with so many rate changes, lender updates and policy tweaks, it can be hard to know what it all means for you. As mortgage advisors based near Yeovil in Somerset, we’re here to explain the key developments and how they might affect homeowners, first-time buyers and landlords across the South West.
1. Bank of England Lowers Base Rate to 4%
After a turbulent couple of years, the Bank of England reduced its base rate to 4% in August 2025 as inflation continues to cool. This marks the first sustained downward move in mortgage pricing since 2021.
While some high-street lenders have already begun lowering rates, many are still cautious. Fixed-rate mortgages have become slightly more competitive, but they remain higher than the ultra-low rates seen before the pandemic.
If your current mortgage deal is ending soon, now could be an excellent time to speak with a mortgage advisor near Yeovil to review your options. We can help you secure a new deal up to six months before your current rate ends.
2. House Prices in Somerset Hold Steady
Property values across the UK have slowed in growth, and Somerset’s housing market is reflecting that trend. House prices in South Somerset and the Yeovil area have stabilised, good news for buyers looking to get on the ladder without facing steep price jumps.
For sellers, the market remains active, especially for well-presented homes in villages such as Martock, Stoke-sub-Hamdon, Ilchester and Langport. However, with more cautious buyers, realistic pricing and professional guidance are key.
3. Lenders Competing for Business – More Choice for Borrowers
Lenders are competing hard for your attention. Many are cutting fixed-rate deals or relaxing affordability checks to attract borrowers. That means now is a great time to shop around with a Somerset mortgage broker who has access to a wide range of products.
At Roff Financial, we have access to over 12,000 mortgage products from more than 90 lenders, giving our clients near Yeovil and across Somerset the widest possible choice, including exclusive broker-only deals not available on the high street.
4. Buy-to-Let Market Shows Signs of Stability
Despite tax changes and new regulations, the buy-to-let market remains active. Many landlords in the South West are remortgaging to fix their rates for longer terms.
If you’re a landlord in Somerset, now could be the time to reassess your portfolio, explore limited-company lending options and ensure your rental income covers rising costs. Our buy-to-let mortgage advice service can help you find the right deal and structure for your investment.
5. What Somerset Homeowners Should Do Now
Whether you’re in Yeovil, Crewkerne, Somerton, or Sherborne, there are steps you can take today to make the most of these market changes:
✅ Check your mortgage rate early – You can secure a new deal up to six months before your current one ends.
✅ Compare fixed vs. tracker options – Rates are changing rapidly; personalised advice makes a big difference.
✅ Review your protection policies – Higher monthly costs make it even more important to protect your income and home with the right life or income protection cover.
✅ Get professional, friendly advice – As your local Somerset mortgage and protection advisor, we take time to understand your goals and recommend what’s truly right for you.
6. Honest, Friendly Advice from Your Local Experts
At Roff Financial, we believe mortgage advice should be honest, friendly and straightforward. Whether you’re a first-time buyer, looking to remortgage, or expanding your property portfolio, we can help you navigate the market confidently.
With over 14 years of experience, Luke Roff and our team have built lasting relationships with clients across Somerset and the wider UK.
📍 Based near Yeovil in South Somerset
💬 Free initial mortgage advice
🏡 Access to 12,000 mortgages from 90+ lenders
🕒 Flexible appointments online or in-person
7. Ready to Review Your Mortgage?
If you’d like to find out how the latest mortgage rate changes could affect you, contact Roff Financial today.
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