28/07/2026
A change in Prime Minister always creates headlines, but what does it actually mean for homeowners, buyers and landlords?
The short answer is: probably less in the immediate term than many people think.
Mortgage rates are influenced far more by inflation, the Bank of England, swap rates & overall market confidence than by who occupies Number 10. Existing mortgage offers remain valid, lenders continue to lend & the property market doesn’t suddenly change overnight.
What should we be watching?
Whilst there are unlikely to be any immediate changes, there are several areas that could evolve over the coming months and years:
Housing supply – The new government has indicated that increasing housebuilding will be a priority. If successful, this could improve affordability over the longer term, although any meaningful impact is likely to take years rather than months.
Planning reform – Simplifying the planning system has been discussed as a way of increasing the number of new homes being built, which could help ease pressure on supply.
Landlords – Property investors should continue to keep an eye on future Budgets & housing announcements. Taxation, rental reform & landlord legislation remain areas where further changes are possible.
First time buyers – Additional support for first time buyers may be announced in the future, although no significant changes have been introduced at this stage.
What does this mean for borrowers?
For now, it’s very much business as usual.
If you’re buying a home, re-mortgaging or expanding a property portfolio, your decisions should be based on your own circumstances rather than political headlines. Whilst changes in government can influence confidence & future policy, mortgage pricing continues to be driven primarily by economic conditions.
At Trafalgar Square, we’ll continue to monitor developments & keep our clients updated as new policies are announced & more importantly, when they begin to have a genuine impact on homeowners, landlords & investors….
