As we close the chapter on 2024, we take a moment to reflect on an eventful year in the UK mortgage and property market. The past 12 months have been marked by economic shifts, evolving mortgage trends, and key industry milestones. At The GOT, we’ve been privileged to guide our clients through this changing landscape—helping them secure financial stability, homeownership, and peace of mind in a year of uncertainty.
A Property Market Defined by Adaptability
The UK housing market has been anything but predictable in 2024. Fluctuating interest rates, inflation concerns, and evolving government policies have influenced property values, affordability, and buyer sentiment.
House Prices & Buyer Trends: Some regions experienced steady growth, while others saw adjustments due to affordability constraints. First-time buyers, despite challenges, remained resilient—determined to step onto the property ladder with expert guidance and strategic financial planning.
At The GOT, we’ve been proud to help homeowners and buyers navigate these shifts, ensuring they make informed choices tailored to their financial goals.
Mortgage Demand & Strategy Shifts: Rising interest rates in the first half of the year led many borrowers to reassess their mortgage options. Fixed-rate products remained a top choice, particularly two-year and five-year terms, offering stability amid financial uncertainty.
Key Mortgage Trends in 2024
1. The Rise of Long-Term Mortgages
With affordability concerns persisting, 35- and 40-year mortgage terms gained traction, helping buyers manage monthly payments while securing homeownership.
2. Remortgaging for Stability
Many homeowners sought to lock in fixed-rate deals, transitioning from variable or tracker mortgages to gain financial security.
3. Tailored Mortgage Solutions:
Whether assisting first-time buyers, homeowners remortgaging, or property investors, our mission has remained clear—to provide trusted, personalized financial solutions that empower clients to make confident decisions.
Celebrating Success & Industry Milestones
Industry Recognition & Client Commitment: This year, The GOT has continued to solidify its position as a trusted mortgage and insurance expert. Our success is driven by our dedication to client-first solutions and financial security, ensuring that every individual, family, and business receives the best mortgage and protection advice possible. Team The GOT – Quote
Looking Ahead to 2025: A Year of Opportunity
As we enter 2025, we do so with a clear mission—to continue empowering our clients with expert financial solutions, adapting to industry changes, and enhancing our services to meet evolving client needs.
What’s Ahead for 2025?
Strengthening professional partnerships to provide even more holistic mortgage and financial planning solutions.
Expanding financial education initiatives through workshops, employer collaborations, and community engagement.
Leveraging technology to streamline the mortgage process, ensuring faster, seamless financial solutions for all clients.
A Heartfelt Thank You
To our clients, partners, and community—thank you for making 2024 a memorable year. Your trust in The GOT drives our commitment to excellence, and we look forward to another year of helping you achieve your property and financial goals.
Here’s to a prosperous and successful 2025!
