Good news for homebuyers? We think so.

A new government announcement means mortgage rules are set to ease. Stepping onto the property ladder—or moving up it—could soon be within reach for more people. And that’s something worth celebrating.

At Vivly Living, we welcome this shift. A more accessible housing market doesn’t just open doors for buyers—it helps strengthen communities and supports the wider UK economy.

"Providing the mortgage lending rules are relaxed sensibly, the housing market will be opened up to thousands more potential buyers," says Paul Brown, Managing Director of Vivly Living. "Now is exactly the right time to give the UK housing market the boost it so badly needs.”

What's Changing?

The Government has urged financial regulators to explore ways to give banks and lenders more flexibility, enabling “responsible risk-taking” from borrowers.

If implemented, these changes could allow banks to offer more mortgages to buyers with smaller deposits—making homeownership a reality for many who’ve been locked out of the market.

The move follows calls from Rachel Reeves earlier this month for UK regulators to adopt a more “pro-growth” approach. It’s a potential turning point for homebuyers—and for the future of UK housing.

Read our full press release here

The Bank of England has lowered interest rates to 4.5%

The Bank of England also announced a cut on interest rates to 4.5%, which could be welcome news for home buyers and those on tracker mortgages, as monthly repayments may start to ease.

If you're looking to buy, this could also lead to better mortgage deals in the months ahead.

Meanwhile...

Vivly Living has just been granted planning for our pioneering residential development at Shepley, near Huddersfield.

Shepley Phase 1, comprising 31 homes, has completely sold out.It was also named the Best Small Housing Development in the UK in the prestigious WhatHome Awards.

Kirklees Council has also given us the go-ahead for 52 new homes at Knowle Grange, which will form Phase 2 at our development in the village.

Need help with the next step?

First time buyer or just looking to move up the ladder, this change could be the help you need to take the next step. Contact our friendly Customer Experience Team on 01484 599454 or hello@vivlyliving.com today to arrange a viewing and take the first step toward finding the space you’ve wished for.