Could Trump affect your mortgage?

Brokers are predicting that Donald Trump’s presidential win will help long-term interest rates spiral upwards. Could now be the time to fix your mortgage? Long-term mortgage rates for British homeowners are likely to rise within days following a surge in the cost of borrowing for lenders – aided by Donald Trump’s shock win in last week’s US presidential election. It has been predicted that 5-year and 10-year fixed rates will be the first to see prices go up, with lenders expected to start hiking costs next week! The price rises will reverse more than a year of lenders slashing mortgage rates in a bid to entice borrowers to remortgage.

Since Trump’s surprise win on Wednesday last week, swap rates have spiked – rising on a daily basis – with 5-year swaps at 1% today, reflecting the growing uncertainty around the world. Nobody knows what the future holds, therefore locking in to a 5-year fixed rate today gives at least a little bit of certainty until we’re out the other side of Brexit too…

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Max Adams Ltd is an Appointed Representative of HL Partnership Limited, which is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some forms of buy to let, offshore mortgages, commercial loans or bridging loans. Your home may be repossessed if you do not keep up repayments on your mortgage. We do not charge a fee for residential mortgage advice. We charge an administrative fee for processing each of your mortgage contracts; our fees only apply when you decide to go ahead with an application. Standard residential and buy to let high street mortgages. The highest fee is up to £999, payable on application.

Private Bank and specialist mortgages The highest fee of 1% of the mortgage loan size applies of which £999 is payable on application with the balance payable on completion. Max Adams Ltd is a company registered in England and Wales with company number 7952988. Registered office: Brick House, 150a Station Road Woburn Sands, Milton Keynes, England, MK17 8SG. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 1998. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.

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