Mortgage Rates Are Falling Again… Is Now the Time to Buy? with Fraser Kelly
About this episode
Fraser Kelly discusses the current state of the UK and Scottish property market, focusing on falling mortgage rates and shifting buyer demand.
In this episode of the Scottish Property Podcast, Fraser Kelly, founder of Kelly Residential, returns to break down the current state of the UK and Scottish property market in early 2026. The conversation dives into falling mortgage rates, shifting buyer demand, rental market normalisation, and how AI is beginning to reshape property search and estate agency. Fraser also shares key insights on Making Tax Digital and what it means for landlords moving forward. 📊 Economic & Mortgage Market Update UK inflation has fallen to 3% , signalling easing economic pressure Unemployment has risen to 5.2% , increasing the likelihood of rate cuts Strong expectation of a base rate drop from 3.75% to 3.5% SONIA swap rates are falling, with sub-4% mortgage deals returning Lenders are becoming more competitive, with lower fees and better products emerging 🏡 Scottish Property Market Performance Scotland annual price growth: +4.9% (vs UK 2.4%) Average property price: £191,000 Scotland currently outperforming the UK by more than 2x Top performing areas: South Lanarkshire: +10.3% North Lanarkshire: +9.4% High-demand locations include: Motherwell Glasgow Paisley Falkirk Kirkcaldy ➡️ Demand is…
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