UK mortgage deals remained available for an average of 13 days in October, Moneyfacts said, giving homebuyers and borrowers replacing fixed-rate loans less time to choose as lenders responded to shifting funding costs.
The average was down from 14 days in September. The measure tracks how long a mortgage product stays on the market, rather than the term of the loan a borrower takes out. A shorter lifespan gives borrowers and brokers a narrower window to assess an available offer.
The turnover came despite a rise in the number of products listed. Moneyfacts counted 8,696 fixed- and variable-rate mortgage products at the start of October, up from 7,516 at the start of September. More products were available at that point, but individual deals were being replaced more quickly.
From January through October, deals lasted 16 days on average, compared with 20 days across 2025. The year-to-date figure is below every full-year average in Moneyfacts’ records, which begin in 2012. The shortest full-year average was 18 days in 2023.
The monthly average fell to a record low of eight days in April. October’s figure shows that deals continued to turn over rapidly later in the year, though they stayed available longer than they had in April.
Adam French, head of consumer finance at Moneyfacts, said changes in swap rates affect the cost of funding fixed-rate mortgages. As those costs move, lenders reprice deals or withdraw them. French linked much of the uncertainty to the war in the Middle East.
The Independent reported that the average five-year fixed residential mortgage rate stood at 5.99% on Oct. 19, after briefly moving above 6%.
Moneyfacts cited the 2020 pandemic and the 2022 mini-Budget as earlier disruptions to mortgage deals. It described those episodes as shorter than the current period of volatility.
