Mortgage Tribe

•

minute read

So, here’s what’s going on. There’s a bit of a squabble happening globally – countries are bringing in new trade tariffs (basically, taxes on goods from abroad). It’s the kind of thing that sends financial markets into a spin. Now, you might be thinking, “What’s that got todo with mortgages?” Fair question – and the answer is, quite a bit.

Big changes like these can affect how much it costs banks to lend money. And when that cost goes up or down, it can influence mortgage rates. We’re now seeing some of that filtering through into the UK market – and there’s potential for this to impact what you pay each month on your mortgage.

‍

A Quick Word on Swap Rates (Promise, It’s Not Boring)

‍

Swap rates sound a bit like something you’d do at a school lunch table – but they’re actually what lenders use to figure out fixed mortgage prices. In simple terms, they’re a kind of forecast on where interest rates might be heading.

Right now, swap rates are a bit all over the place because of the global uncertainty. If they stay low or dip further, lenders might drop fixed-rate deals to stay competitive. That’s why we’re keeping a close eye on them – and you should too (or just let us do the watching for you).

‍

What This Could Mean for You (Depending on Where You’re At)

🏠 First-Time Buyers

If you're stepping onto the property ladder, the good news is that we might see slightly more affordable mortgage deals popup. But the not-so-great news? The ‘Bank of Mum and Dad’ – which usually helps a lot of first-time buyers with big deposits – might not be quite as flush right now. If their savings or investments have taken a hit, that could slow things down for some buyers.

That doesn’t mean it’s impossible. It just means getting solid advice matters more than ever.

🔄 Remortgaging

If your current mortgage deal is ending soon, this is your moment to get ahead. Rates might be on the move – and we’ve seen some competitive ones out there already. But timing is everything. Locking in at the right moment could save you a fair chunk each month.

🚚 Moving Home

Thinking of upsizing or relocating? You’ll want to keep tabs on how rates change over the next few months. A slightly lower rate can make a big difference to what you can borrow – and what you’ll pay. But don’t hang around waiting for ‘the perfect deal’ that may never come. Let’s chat about what’s realistic and right for you.

🏘️ Landlords

If you're a landlord, a drop in rates could boost your returns – happy days. But rental demand and tenant affordability might shift if the wider economy takes a hit. We’re not in panic mode, but now’s a good time to be reviewing your buy-to-let portfolio and making sure your mortgage setup is still working for you.

‍

Final Thoughts (With No Financial Jargon)

This market isn’t doom and gloom – far from it. But it is changing. Whether it’s tariffs, swap rates, or your own personal plans, it pays to stay informed and get support that’s genuinely helpful.

And that’s exactly what we do at Mortgage Tribe.

Let’s Keep It Simple. Let’s Keep It About You.

Get in touch with us today to chat about where you’re at, what you want, and how we can help you make the most of what’s out there – no nonsense, just straight-talking mortgage advice tailored to you.

There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but will range from £395 to £500 and this will be discussed and agreed with you at the earliest opportunity.

Your home may be repossessed if you do not keep up repayments on your mortgage.

‍