Is Now Still a Good Time to Buy a New Home?

If you’ve been following the news recently, you might understandably feel a little nervous about moving home. Headlines about mortgage products being withdrawn and uncertainty around interest rates can make it seem like the market is suddenly much tougher for buyers. But the reality is a little more reassuring than the headlines suggest.

While it’s true that some mortgage products have been pulled from the market recently, this represents only around 4% of the deals available. In other words, the vast majority are still there, and there are still some very competitive options available, particularly for those buying a new build home.

For first-time buyers, there are still strong fixed-rate deals available from a number of lenders, with some two-year fixed rates currently available from around the mid-4% range, depending on deposit levels. Many lenders are also offering 5% deposit mortgages, helping buyers get onto the property ladder sooner than they might think.

Meanwhile second steppers often benefit from equity in their existing home, which can unlock even more competitive rates. Buyers with larger deposits – for example 20–25%, are still seeing five-year fixed products in the low-to-mid 4% range, offering the reassurance of longer-term stability.

And of course, mortgages are only part of the picture. We are also offering a range of schemes designed to make the process easier and more affordable. These include Part Exchange, where we could buy your existing home so you can move without the stress of selling, Deposit Match to help boost your deposit, and Key Worker discounts to support those who do so much for our communities.

Another advantage of buying now is the ability to secure a mortgage deal early in the buying process – something that can be particularly helpful when purchasing a new build home.

As Jason Blunden of Evolve Financial Solutions, one of our trusted independent advisers explains: “Despite some products being withdrawn, lenders are still offering some really competitive deals. For example, we’re currently seeing two-year fixed rates starting from around the mid-4% range and five-year fixes not far behind for buyers with stronger deposits. The key advantage is that once a buyer secures their mortgage offer, that rate is usually held for several months while their new home is being built or the purchase completes. If rates were to fall during that time, we can often move the customer onto the newer, lower deal. It gives buyers real flexibility and peace of mind.”

So while it’s natural to feel cautious when the market is making headlines, there are still plenty of great mortgage options available, along with supportive buying schemes designed to help you move with confidence.

In fact, securing a good mortgage deal now could mean you’re well placed – and happily settled into your new home, whatever the market does next.  Our advice is don’t delay!🏡

Explore our developments across the East of England, East Midlands, and the South West, and find a new home near you

Allison Homes Web Article: 16th March 2026