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You may have seen headlines recently about Donald Trump’s proposed tariffs on foreign goods.
While it might seem a world away from the UK housing market, global events like these can have a knock-on effect on interest rates and, in turn, mortgage payments.
Right now, many market commentators believe the Bank of England is likely to reduce the base rate in the coming months.
That’s good news for mortgage holders and buyers alike, as lower rates help keep monthly payments affordable. However, falling interest rates often lead to a busier property market.
As borrowing becomes cheaper, more people are encouraged to buy, which increases demand and can make it trickier for buyers to find their ideal home.
Despite the noise around global politics and the economy, the UK housing market is currently very stable.
That’s why, if you’re thinking of buying your first home or moving up the ladder, it may be worth acting sooner rather than later.
Waiting for rates to fall further might mean facing more competition and higher asking prices. As always, we’re here to help you navigate all of this.
Whether you’re looking for a new mortgage deal or just want a bit of reassurance about your options, feel free to get in touch.
People, Not Products: Flexibility is Key
“People not products” has always defined our approach to age 50+ mortgage lending, and that philosophy has never been more relevant than during periods of economic uncertainty.
While some firms focus solely on equity release for older borrowers, our customers benefit from carefully considered, holistic advice.
This may involve exploring more conventional mortgage solutions as an alternative or as a stepping stone towards a more permanent later life option, depending on personal circumstances.
Flexibility is key. When customers’ plans are not fixed, or when market conditions may change, it becomes even more important to focus on the individual.
Placing people at the centre of every decision is what enables us to provide advice that not only fits the present but can also adapt with the future.
It’s this way of thinking that defines us as a mortgage broker. One that understands age 50+ mortgages are about more than just securing a product.
It’s about listening, planning and getting it right for each individual, every time.
If you’re exploring your options and want to talk things through, we’re here to help you make sense of it all. Whenever the time is right for you.
Related Video (2:32): Can I Still Get a Mortgage if I’m Retired?
To view more videos like this, feel free to visit our MoneymanTV YouTube channel.
There you’ll find standard videos, as well as YouTube Shorts, answering questions, updating you on the current mortgage market and more.
We Can Help With:
- Age 50+ Mortgage Options
- Age 60+ Mortgage Solutions including Equity Release
- Bad Credit Deals
- Bridging Loans
- Secured Loans & Releasing Equity
- Self-Employed Mortgages
- All Purchase & Remortgage Deals
- Life & Critical Illness Insurances
- Pension Advice via a Referral Partner
