Your need-to-know news and numbers: September 2025.

Welcome back to your monthly round-up. Here you can check out where Together hit the headlines with our August edition of News and Numbers.

2 years (fixed rate)

Like many, you may be wondering: “Will I pay more for my mortgage in 2025?

As the Bank of England has continued to gradually lower interest rates since Liz Truss’s infamous Mini Budget in September 2022, borrowers have increasingly been seeing reasons to be cheerful as they roll off fixed rate deals to find interest rates on mortgages also retreating. According to recent figures reported in The Times, the average 2-year fixed rate mortgage rate (at 60% loan-to-value) now sits at around 4.46%, down from the steeper heights of 5.01% in January 2025.

Whilst we all welcome the news of reduced rates when asked for commentary on what reductions in August meant, Tanya Elmaz, Director of Intermediary Sales at Together, offered a note of caution saying, “while interest rates are expected to fall further this year, inflation remains volatile, meaning mortgage rates could remain higher for longer, which could delay some buyers getting onto or stepping up the housing ladder”.

Only time will tell what is next instore but speaking to a lender that can provide finance in a variety of scenarios from Shared Ownership to Auction finance offers a variety of routes to consider.

77,000

That’s the number of Brits that packed up for foreign shores last year according to the Office of National Statistics.

But what happens when the dream does not meet the reality? Whether returning after short term stints to completing lengthy work contracts overseas, returning to life in the UK sometimes can also offer a culture shock.

Scott Clay, Director of Together Premier told the Daily Telegraph that when expats return with healthy bank balances “Some lenders will only accept income in the same currency as the mortgage i.e. sterling. However, if the person returning has been paid in euros, this could cause a problem.”

Scott advises customers in higher wealth brackets on how to seize their property ambitions so was well place to discuss the reality of relocating from abroad.

42%

Private landlords are feeling the squeeze, caught between reduced tax relief and higher mortgage rates and while some amateur landlords finding this shift too challenging are exiting the industry, professional landlords are looking set to step in and capitalise on new opportunities.

Ryan Etchells, Chief Commercial Officer at Together, told City AM that the short-term exodus of smaller scale landlords could “reduce the number of properties available, and force rent upwards” until portfolio landlords can fill the void.

But with that being said, the article suggests that number of enquiries on each available rental property has fallen by 42% compared with 2022 – 24 levels. However, this still means that there’s still an average of 12 people chasing each home for rent.

1st of September

With the aim to provide support and training for mortgage broker partners, Together is opening the door to education with its broker onboarding academy from the 1^st of September.

The academy will offer training sessions for new brokers, focusing on case packaging and submission, while also contributing to Continuing Professional Development (CPD) hours towards certifications.

Tanya Elmaz, Director of Intermediary Sales at Together, shared her thoughts on the academy with Mortgage Introducer: “Brokers will be able to learn about how Together’s flexible criteria and process can support customers with their commercial and semi-commercial needs”.

That’s August wrapped up - we’ll be back with another property news round-up next month, to let you know where Together hit the headlines.

But, in the meantime, keep up to date by following us on our socials – we’re over on LinkedIn, Instagram and X.