Mortgage Choice Hits an 18-Year High: Why Wirral Buyers and Remortgagers Should Jump In
If you’ve been thinking about buying a home or switching your mortgage in the Wirral, the timing couldn’t be better. Mortgage deals are at their highest levels since 2007, and rates have dropped enough to make a real difference to your monthly repayments.
Moneyfacts reports there are now over 7,150 mortgage deals available in the UK - that’s 650 more than this time last year. And if you’ve got a smaller deposit, the good news keeps coming: 90% and 95% LTV deals are at near 18-year highs. More choice = more ways to get a deal that actually works for you.
Rates are easing - and that’s good news
While rates are still higher than the pre-2022 era, the average mortgage has fallen to 4.87%, with two-year fixes around 4.83% and five-year fixes at 4.91%. That means more breathing room in your budget, whether you’re buying your first home, moving up the ladder, or remortgaging.
…there are now over 7,150 mortgage deals available in the UK - that’s 650 more than this time last year!
First-time buyers aren’t being left behind
If you’ve been saving for a deposit and waiting for the right moment to buy in the Wirral (whether in Wallasey, West Kirby, or Heswall) this could be it. Mortgage deals aimed at low-deposit borrowers are at their highest level in nearly 18 years, so there are real opportunities for first-time buyers.
It’s a lot to take in, though. With thousands of deals on the market, knowing which one actually suits you is key. That’s where professional mortgage advice comes in - we’ll cut through the waffle and help you pick the right deal without the stress.
Remortgagers: you could save a bundle
If you’re stuck on an old deal or a standard variable rate (SVR), switching now could make a serious difference. For example, moving off the average SVR of 7.25% to a two-year fix at 60% LTV could save over £5,000 in a year on a £250,000 mortgage.
That’s £400+ back in your pocket every month - money that could go on home improvements, bills, or just giving yourself a bit of breathing space. (SVRs can change, so check your numbers before moving.)
Even short-term fixes are tempting, with only small differences between two-year and five-year rates. Many borrowers are choosing shorter deals to grab the low rates now while keeping their options open.
Why Wirral buyers should care
The Wirral property market is competitive. With more deals, better rates, and the chance to remortgage for serious savings, this is one of the best moments in years to act. More options mean more people can find a mortgage that actually fits their circumstances.
Our advice? Don’t hang about.
Whether you’re a first-time buyer, moving up the ladder, or looking to remortgage, now is the time to explore your options. At NG Mortgages, we make it simple. We speak human, not jargon, and we’ll help you find the deal that works for you.
Fancy saving thousands on your mortgage? Let’s make it happen.
IMPORTANT: Your home may be repossessed if you do not keep up repayments on your mortgage. Mortgage products are subject to status and affordability checks. The examples shown are illustrative only.