Related topic: Mortgage rates

UK households spent a record £226 billion on housing costs in 2025.

The average shelf life of a mortgage has plummeted as lenders pull products amid global uncertainty.

Mansfield Building Society has announced reductions of up to 0.40%.

Barclays is the second major lender to withdraw sub-4% fixed rate mortgages this week.

Mortgage product numbers have seen their biggest decline since the aftermath of the mini-Budget in September 2022.

The increases reverse many of the rate cuts introduced early last week.

The lender has increased rates across its residential and buy-to-let mortgage ranges.

Some mortgage lenders cancelled planned rate cuts earlier in the week while others have increased rates.

The bank has announced a range of rate reductions across higher LTV first-time buyer products – including its new 98% LTV My First Mortgage.

Transactions dipped by 5% from December but remain steady compared with January 2025.