13/03/2026
Markets move quickly when global events unfold…This week, reports of attacks on commercial ships near the Strait of Hormuz caused uncertainty in global markets.
As a result:
- UK government bond yields rose
- Oil prices briefly spiked
- Financial markets became more volatile
Why does this matter for mortgages?
Mortgage lenders often use gilt yields and swap rates to price fixed-rate mortgages. When these rise, lenders’ funding costs can increase, and sometimes mortgage rates follow.
The good news is that while the last couple of weeks have felt turbulent, swap rates are still lower than they were this time last year. Markets also started to stabilise today with:
✔ Oil prices falling back below $90
✔ Global stock markets up around 2%
✔ UK gilts easing slightly
What this means for borrowers…If your mortgage deal ends in the next 3–6 months, it could be worth reviewing your options now. Securing a rate early can often protect you from potential increases, while still leaving room to move if rates improve before completion.
If you’re buying a property, staying close to your adviser can help you stay ahead of any lender changes.
If you’d like to talk through your options, I am here to help.
www.mortgageforce.co.uk
[email protected]
07402767163
