Please note: Our Bolton branch is closed. However, our Newcastle branch remains operational and we are always happy to offer nationwide financial advice and guidance. Our advisers remain contactable at info@b-advised.co.uk.

B-Advised Blog

Who is offering the best mortgage rates right now?


Earlier this year, the Bank of England’s base rate for mortgages increased for the 14th consecutive time since December 2021. The rate now stands at 5.25%, with an expectation to rise again to 5.75% in early 2024. 

With the base rate consistently on the rise, the question on the mind of those looking to get on the property ladder right now is ‘who is offering the best mortgage rates?’.

However, it’s important to note that mortgage rates offered by a lender are not so clear-cut and depend solely on an individual’s personal circumstances. 

The rate an individual is offered is based on a range of factors, including credit score, home location, home price, loan amount, down payment, loan term, interest rate type and loan type. 

As financial advisors, we have a ‘consumer duty’ to find the best, most efficient products and services for our customers based on all of the circumstances above.

What is Consumer Duty?

Consumer Duty refers to FCA legislation that requires ongoing efforts to enhance consumer protection in financial services. Consumer Duty combines an overarching principle that a business must act to deliver positive results for its customers with high, clear standards of consumer protection. 

Because we are here to give customers advice and suggestions on financial products and services, financial advisors must ensure they comply with the standards of Consumer Duty. 

At B-advised, it is our mission to help our customers thrive by providing flexible products and deals that are tailored to their specific needs and circumstances. We will always take each customer’s individual situation into consideration before offering them our specialised knowledge and guidance and comply with the Consumer Duty process at all stages of communication. 

If you’re looking to find the best mortgage rates for you, we can help. As part of Consumer Duty rules and regulations, we are liable to help you find the best rate for you, and we would never suggest a product or service that is not a good fit. 

For the best deals and expert advice from industry professionals, get in touch today