Mortgage Advice Swindon: How the Market Is Shifting — And What It Means for You
By Samuel Mather-Holgate
The UK mortgage market has entered a new phase — and if you’re a homebuyer in Swindon, you may now be able to borrow more than you thought.
Since Rachel Reeves’ Mansion House speech, many lenders have begun relaxing their lending criteria, especially for first-time buyers. At the same time, major rate cuts from high street names like Barclays, Nationwide, Accord and Coventry BS have created new opportunities for borrowers.
But while some of these changes are welcome, they also come with risks — and that’s where quality mortgage advice in Swindon really matters.
What’s Changing in the Mortgage Market?
Following weaker-than-expected jobs data and the expectation of falling inflation, markets are now betting on an interest rate cut in August 2025. As a result, lenders are adjusting fast to stay competitive — and the deals are getting better by the week.
Here’s what’s happening:
Barclays has launched a market-leading 2-year fix at 3.79% for remortgages at 60% LTV (with a £999 fee).
Nationwide has expanded its Helping Hand mortgage scheme, reducing income thresholds by £5,000 and allowing some borrowers to access loans up to six times their income.
Accord and Coventry Building Society have cut rates, especially on first-time buyer products.
These moves are designed to stimulate the housing market — but the right advice is essential before diving in.
️ What’s Happening in Swindon?
Locally, Swindon’s housing market is outpacing the UK average. Property prices have risen steadily in 2024 and into 2025, driven by a shortage of existing stock and increasing demand from both first-time buyers and relocating families.
New Developments
Swindon is also seeing a surge in new home developments, including:
Canalside @ Wichelstowe — hundreds of new homes just minutes from the M4.
Badbury Park — a new community with easy access to both the town centre and the hospital.
Redlands Grove — modern homes close to the A419 and local schools.
These developments may help ease supply pressure in the longer term, but competition remains fierce for high-quality homes — and securing the right mortgage fast can make all the difference.
Borrowing More: Is It a Good Idea?
Lenders increasing income multiples (like 5.5x or even 6x your income) sounds attractive — but it’s not suitable for everyone.
While it can help more buyers onto the ladder, stretching your affordability too far may increase your risk if interest rates change or your circumstances shift.
That’s why independent mortgage advice is more important than ever.
Why Working With a Mortgage Adviser Makes a Big Difference
In today’s fast-moving market, using a mortgage broker isn’t just smart — it can save you thousands.
✅ We have access to the whole of market, including broker-only deals that aren’t available directly.
✅ We’ll help you find the product that’s best for your personal circumstances — not just the lowest headline rate.
✅ And here’s the big one: If interest rates fall before your mortgage completes, we’ll review your application and aim to switch you to a better deal — without starting from scratch.
That kind of flexibility and ongoing support is what sets a good adviser apart from the rest.
Final Thoughts: Advice That Moves With the Market
Whether you’re buying your first home, moving, or remortgaging, it’s not just about getting a mortgage offer — it’s about getting the right advice, now and in the months ahead.
As local advisers based in Swindon, we’ll not only help you secure the right product today — we’ll keep an eye on the market in case something even better becomes available before completion. That’s the difference between ticking a box and building a plan.
Call us on 01793 261626 or BOOK A CALL BACK
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Frequently Asked Questions
What is the best mortgage deal in Swindon right now?
This can change daily, but Barclays currently offers a 3.79% two-year fix for those remortgaging at 60% LTV. The best deal depends on your income, deposit and credit score — speak to an adviser for tailored advice.
Can I borrow six times my income?
Some lenders, including Nationwide, now offer up to 6x income — but only to applicants who meet strict criteria. These are often limited to certain professions or first-time buyers.
What are the benefits of using a mortgage adviser in Swindon?
A broker can access exclusive rates, help you avoid delays, and monitor the market for better deals right up until you complete. This can save you money and hassle.
Are there new homes being built in Swindon?
Yes. Large developments are under way at Wichelstowe, Badbury Park and Redlands Grove, which are expected to bring hundreds of new homes to market in the next 12 months.
