23/07/2026
Good morning! 🍵
We’re already three-quarters of the way through the week… where’s that gone?!
It’s been another funny old week in the mortgage world. Busy, but not in the way you’d normally expect. There are lots of moving parts at the moment.
We’ve got the new government still settling in, plenty of conversation around the next Bank of England decision, and with inflation coming in slightly lower than expected, my personal view is that holding the base rate would make the most sense. We’ll soon find out.
At the same time, several of the high street lenders, including HSBC, Nationwide, NatWest and Barclays have increased some of their mortgage rates this week. That’s largely because swap rates (which influence the cost of fixed-rate lending) moved higher, making it more expensive for lenders to fund those mortgages.
The market is still active, but one thing I’ve definitely noticed is that transactions are taking longer. The longer a purchase or remortgage takes, the more opportunity there is for something to change or for people to start second-guessing themselves.
That’s why it’s so important to have the right team around you, keeping everything moving and helping you navigate any bumps along the way.
One thing I always say is this: I don’t believe there’s ever a perfect time to buy or sell. None of us knows what the market will do next. The right time is when it’s the right time for you, your circumstances, your plans and your goals, not because you’re trying to second-guess the market.
On a lighter note, thank you to Vitality UK for the new thermal cup. It’s already become part of my morning routine while I’m out getting a few steps in before everyone else is awake. 🫖 🚶
Have a brilliant Thursday, everyone! What have you done to get your day started? Walk? Gym? Tea? Coffee? School run? Let me know in the comments. 👇
