Taunton Mortgage Rates 2025: Your Complete Guide to the Best Deals

Last Updated: January 2025 | Reading Time: 6 minutes

Looking for the best mortgage rates in Taunton for 2025? You're in the right place. Whether you're a first-time buyer, looking to remortgage, or investing in buy-to-let property, understanding current mortgage rates is essential for making informed decisions.

What Are Current Mortgage Rates in Taunton?

Mortgage rates in 2025 vary depending on several factors including your deposit size, credit history, and the type of mortgage you're seeking. As independent mortgage brokers in Taunton, we have access to exclusive rates that you won't find on the high street.

Average Mortgage Rates for 2025

• 2-Year Fixed Rate: Competitive rates starting from 4.5% (subject to criteria)
• 5-Year Fixed Rate: Long-term security from 4.2% (subject to criteria)
• Variable Rate Mortgages: Rates tracking the Bank of England base rate
• Buy-to-Let Mortgages: Specialist rates available from 4.8%

Note: Rates are indicative and subject to individual circumstances. Always seek professional mortgage advice.

Factors Affecting Your Mortgage Rate in Taunton

1. Deposit Size

The larger your deposit, the better the mortgage rates you'll typically qualify for. A deposit of 20% or more opens up access to the most competitive deals. Learn more about Taunton mortgage deposit requirements.

2. Credit Score

Your credit history plays a crucial role in determining the rates lenders will offer you. We can help even if your credit history isn't perfect.

3. Property Type and Location

Properties in Taunton and surrounding Somerset areas are typically well-regarded by lenders. However, certain property types may attract different rates.

4. Loan-to-Value (LTV) Ratio

The lower your LTV ratio, the lower your interest rate tends to be. Find out how much you can borrow for a mortgage in Taunton.

Fixed vs Variable Rate Mortgages in 2025

Fixed Rate Mortgages

Fixed rate mortgages lock in your interest rate for a set period (typically 2, 3, 5, or 10 years), providing certainty over monthly payments. This is particularly valuable in uncertain economic times.

Variable Rate Mortgages

Variable rates can go up or down depending on the Bank of England's base rate. While they may start lower than fixed rates, they carry more risk if interest rates rise.

How to Get the Best Mortgage Rate in Taunton

1. Improve Your Credit Score: Check your credit report and fix any errors before applying
2. Save a Larger Deposit: Even a small increase in deposit can unlock better rates
3. Use an Independent Broker: Access to mortgage lenders near Taunton Somerset you won't find elsewhere
4. Compare Multiple Lenders: We search over 90 lenders to find your best rate
5. Consider the Full Cost: Look beyond the rate at fees, early repayment charges, and overall cost

Why Choose Taunton Mortgages for Rate Comparison?

As one of the best mortgage brokers in Taunton, we offer:

• Fee-Free Service: We don't charge you for our advice - lenders pay us instead
• Whole-of-Market Access: Compare rates from over 90 lenders including exclusive deals
• Expert Local Knowledge: Deep understanding of the Taunton property market
• Personalized Service: Tailored mortgage advice in Taunton for your unique situation
• End-to-End Support: From initial consultation through to completion

Special Mortgage Rate Offers in 2025

First-Time Buyer Rates

Special schemes and rates are available for first-time buyers in Taunton. Check out our guide to Taunton first-time buyer mortgages for more information.

Remortgage Deals

If you're coming to the end of your current deal, now is the time to explore remortgage deals in Taunton. We often find significant savings for existing homeowners.

Buy-to-Let Rates

Investing in Taunton property? We specialize in Taunton buy-to-let mortgages with competitive rates for landlords.

Frequently Asked Questions

What's the best mortgage rate I can get in Taunton?

The best rate depends on your individual circumstances. With a 40% deposit and excellent credit, you could access rates from around 4.2% for a 5-year fixed deal. Contact us for a personalized quote.

Are mortgage rates going up or down in 2025?

Mortgage rates fluctuate based on economic conditions and Bank of England decisions. We monitor the market daily to advise clients on the best time to secure their rate.

Can I get a cheap mortgage in Taunton with a small deposit?

Yes! We have access to cheap mortgages in Taunton even with deposits as low as 5%. Speak to our advisors to explore your options.

Get Expert Mortgage Rate Advice Today

Don't navigate the complex mortgage market alone. Our award-winning team of mortgage advisors in Taunton is here to help you secure the best possible rate for your circumstances.

Get started today:

• Call us for immediate advice
• Book a free consultation at our Taunton office
• Get a rate comparison tailored to your needs