Which?
Could Trump’s tariffs be good news for your mortgage rate?
Apr 17, 2025
Stephen Maunder, a mortgages expert, and Aneisha Beveridge, Head of Research at Hamptons, discuss the surprising effects of Trump’s tariffs on mortgage rates. They delve into the current competitive landscape among lenders, suggesting it might benefit mortgage holders. The conversation highlights the implications of recent rate drops for first-time buyers and the significance of economic factors on mortgage options. Additionally, they explore how stamp duty changes are impacting buyers and regional variations in house price recovery across the UK.
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Quick takeaways
- Recent improvements in mortgage rates due to increased lender competition present favorable opportunities for first-time buyers seeking affordable deals.
- Trump's tariffs may have a downward effect on interest rates, potentially leading to lower borrowing costs and impacting the UK housing market.
Deep dives
Current Trends in Mortgage Rates
Mortgage rates have recently shown signs of improvement, with some lenders offering sub-4% deals for the first time in a while. This change is primarily due to increased competition among lenders and a recent drop in rates, particularly beneficial for first-time buyers. For instance, a notable drop from a 5.14% rate for a two-year fixed mortgage at a 90% loan-to-value ratio to 4.82% indicates a monthly savings of around £80 to £100 for borrowers. Overall, the current dynamics in the mortgage market present reasonable opportunities for prospective buyers to secure favorable lending terms.
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