The Clayton Hulme Partnership Limited

🏡 North West House Prices Continue to Lead the Way
The latest House Price Index from Nationwide shows that UK house prices were 2.2% higher than a year ago in June, with the North West once again leading growth across England.

While market activity has softened slightly due to wider economic uncertainty, there is still plenty of movement in the market for buyers, homeowners and those considering a remortgage.

If you're wondering:
✅ What your home might be worth
✅ Whether now is a good time to remortgage
✅ How much you could borrow for your next move
We're always happy to help.
📞 Get in touch with the team at The Clayton Hulme Partnership for straightforward, expert mortgage advice.

What does today's political news mean for mortgage rates? Here's what homebuyers and homeowners need to know.

Today's speech from Prime Minister Andy Burnham has understandably prompted questions about what it could mean for mortgages and the housing market. While financial markets saw a small rise in government borrowing costs today, there hasn't been an immediate impact on mortgage rates. Fixed-rate mortgages are largely driven by swap rates, which continue to be influenced more by global economic events and inflation expectations than by today's political announcements alone.

Here's what we know so far:
10-year gilt yields rose by around 8 basis points, touching 5%, their highest level since May, as investors assessed the prospect of higher government spending under the new administration.

The rise appears to be driven by concerns over future fiscal policy, rather than anything specifically announced on housing or mortgages. Burnham also stressed that he would continue to adhere to fiscal rules, which helped reassure markets.

There has been no widespread repricing of mortgage products today directly linked to the speech. Most lenders had already increased fixed rates over the past week because swap rates had risen following geopolitical tensions in the Middle East, rather than UK politics.

What about swap rates?
There hasn't yet been evidence of a significant move in SONIA swap rates attributable solely to today's speech. Swap markets had already been pricing in higher funding costs before today, with recent increases driven mainly by rising oil prices, inflation expectations and global bond market volatility.

Our advice remains the same: if you're thinking about buying your first home, moving, remortgaging or investing, don't make decisions based on headlines. The mortgage market can change quickly, but the right mortgage depends on your individual circumstances rather than day-to-day news. We'll continue to monitor the market closely and keep our clients updated if anything changes that could affect borrowers.

The Mortgage Scientists – Episode 10 – The Specialist Lending After a small break, the Mortgage Scientists return, Dave and Chris...

After a short break from the podcast, mainly concentrating on a somewhat manic mortgage and property market, Chris and Dave have been back in the studio today recording the July podcast and planning the content for the next three episodes.

You can listen to our previous 9 episodes and subscribe at https://thepodstation.co.uk/podcasts/the-mortgage-scientists-2/ or your favourite podcast app.

In a largely expected move today following the relatively positive inflation news, the Bank of England has kept the base rate at 3.75%.

Listening to HSBC's economist at our PRIMIS Mortgage Network "Half Time Event" yesterday, their "Good, the Bad, and the Ugly" predictions following the recent MOU and anticipated peace following on from there, suggests that "Good" is likely to see the base rate stay at 3.75% for the balance of 2026 before a possible fall in 2027.

If we are in the Bad or Ugly scenario where peace fails and global oil, energy and inflation pressures remain, base rate could be back into the 4.5% territory...

For now, we have stability and good new on the horizon...

If you'd like to chat with us in more detail about what this could mean for mortgages, and more importantly, your mortgage, get in touch today to arrange a chat with Chris, Zoe or Tracy - 0161 434 6016.

Following a widely discussed topic of "Will they go up or not?", which is quite different from two months ago of "Will they go down and by how much?", the Bank of England has held interest rates at 3.75% for the third consecutive time.

The Bank of England has kept the base rate steady today as it weighs up the impact of higher energy prices and global uncertainty. While this brings some short-term stability for trackers, the Bank warned that future hikes may still be needed to keep inflation on track.

With inflation being led by enforced spending due to higher fuel costs rather than discretionary spending from having surplus funds, this was absolutely the right decision to emanate from the Bank today.

Happy Monday!!

We're only 10 days or so away from the main impacts of the Renters Rights Act effective from the 1st of May. If you are a landlord, do not look away as this will impact every single one of you in some way, shape or form.

I had the pleasure of spending an hour or so with Roger Morris on Friday morning who is one of the most astute mortgage industry leaders on all things Buy to Let, and in that hour or so Roger unveiled the headlines of what the Renters Rights Act means for landlords.

Roger's overviews below give only a small snippet of the detail you will need to know so if you have any questions on these aspects relating to your mortgage, your tenancy agreement, your tax or legal position - get professional advice now!

Talk to us as your Mortgage Broker, talk to your accountant for your tax position, talk to your letting agent and solicitor for your contractual and legal obligations!

Above all though, you must make sure you provide your tenant with Renters Rights Act Information Sheet by the 31st May deadline and keep evidence it's been sent and received.

We look forward to being part of your successful portfolio plan going forward!

Ensuring families are protected against financial adversity in the event of ill health or a parent passing away is just as important as getting the right mortgage rate and structure, its all part of the advice and support we give to all of our clients.

The Mortgage Scientists – Episode 8 – The Protection This episode of the The Mortgage Scientists, covers who Dave and Chris are, why they are scientists and how they do what they do? If you want to know more e...