Over the past month, UK SONIA rates have drifted lower—a welcome sign that market confidence is returning and that interest rate pressures are finally easing.
This shift hints that the Bank of England could begin further trimming the base rate in the months ahead, setting the stage for more competitive lending.
For borrowers and landlords alike, this is great news.
Fixed-rate mortgages, especially those tied to 2, 3, and 5-year terms, are priced from SONIA-linked swap rates—so as funding costs drop, lenders are starting to cut rates.
The trend is clear: borrowing is becoming cheaper.
Whether you’re refinancing or expanding a portfolio, the recent SONIA movement is a positive signal that mortgage costs are moving in the right direction.
For updates on mortgage rates and for personalised advice, speak with John Constant - click here for John's details
Share this post:
