26 Nov 2025
Greig Brown, Mortgage Director, Aberdein Considine, said:
“If interest rate cuts follow tighter fiscal policy, we expect a positive shift in the UK mortgage market. Lower borrowing costs will make homeownership more accessible, particularly for first-time buyers who have faced affordability challenges in recent years.
Home movers will also benefit from improved affordability, creating opportunities for upsizing or relocating that may have been out of reach previously. Existing mortgage holders stand to gain significantly, as refinancing becomes more attractive and monthly payments ease.
While economic uncertainty remains, the combination of falling rates and stabilising inflation should help restore confidence and encourage more buyers back into the market. Overall, these changes could mark the beginning of a gradual recovery in housing activity, with demand strengthening as affordability improves.”
