Monitoring the housing market and activity in the mortgage market, is very important for many, particularly those doctors and dentists who are looking to purchase their first home or who are investing in buy-to-let properties. Our monthly Property Price & Mortgage Update gives you a summary of what the experts are saying.
This article does not constitute advice. Professional advice should be taken prior to acting on any part of it.
Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
This document is intended to be for information purposes only and it is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial product. Your home may be repossessed if you do not keep up repayments on a mortgage or other loans secured on it.
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UK Property Market Update
UK House price growth changed course last month by slowing down, with November’s price growth falling to 1.8%. However, prices increased by 0.3% month-on-month. The average house price came in at £272,998, up slightly from £272,226 in October.(1)
Over the last few months, the housing market has remained relatively steady, with house prices gradually increasing and the number of mortgage approvals for home purchases staying at levels similar to those before the pandemic began.
While consumer confidence is low and there are signs that the labour market is weakening, these figures indicate resilience, especially given the fact that mortgage rates have more than doubled compared to the level seen pre-COVID, and house prices are nearing record highs.
Autumn Budget Impact
The changes to property taxes Chancellor Reeves announced in the latest Budget Statement likely won’t impact the housing market, as the high value council tax surcharge will apply to less than 1% of properties in England and 3% in London.
The increase in taxes on income properties, however, may affect the supply of new rental properties that hit the market. The availability of rental properties have already been limited for some time now, and this could continue to exert upward pressure on rental prices which are already at historic highs.
Looking ahead
Looking to the future, housing affordability is expected to improve slightly if income growth continues to outpace increases in house prices, as anticipated. Additionally, borrowing costs may decrease slightly if the Bank Rate is reduced again in the upcoming months. This would help sustain demand from buyers, particularly given that household financials are currently strong. In fact, the overall ratio of household debt to disposable income is at its lowest point in twenty years.
Mortgage Rate Update
Following the Monetary Policy Committee (MPC) meeting in November, the Bank of England announced that, in an effort to tame inflation back to 2%, it would maintain the current rate of 4%.
The next decision will be announced on Thursday, 18 December 2025. We will be sending a mailing after the next announcement so stay connected to find out our thoughts following the decision on the 18th.
Mortgages for Doctors and Dentists – Our New Too
If you are planning to buy or sell property, contact an advisor for personalised mortgage advice.
Use our new and updated Mortgage Tool to search for a deal that suits your circumstances.
At Dental & Medical Financial Services, our advisers are dedicated to helping our clients select the right mortgage deal for your needs. If you are ready to take the fist step toward home-buying, contact us today.
Stay in the know
If you’re planning to buy or sell property this year, check back monthly for our regular update on the nation’s property prices and mortgage rates and contact one of our advisers for personalised advice.
At Dental & Medical Financial Services, our experts are dedicated to helping our clients select the right mortgage deal for their needs. If you’re ready to take the first step toward home-buying, get in touch with us today.
Figures quoted from Nationwide House Price index – November 2025.
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Sources
(1) Figures quoted from Nationwide House Price index – November 2025
