As the dust settles after the autumn budget, many of us are left wondering—what does this mean for the mortgage market?
With fluctuating rates and shifting lender criteria, the mortgage market is always evolving. Following the Bank of England’s 0.25% base rate reduction to 4.75%, some borrowers expected to see mortgage rates drop significantly. However, the reality has been more complex, with lenders adjusting products and rates in response to broader economic factors.
At Hayes Finance, we pride ourselves on cutting through the noise, offering clear advice and proactive solutions to help our clients navigate these changes with confidence.
We caught up with Kieran Hayes, Owner and Director of Hayes Finance, to gain his insights into the current mortgage landscape. With years of experience helping clients navigate an ever-changing market, Kieran shared his pragmatic approach to securing the best deals, even in challenging conditions. His key message? Confidence and decisiveness are crucial.
“The mortgage market is always in motion. Clients often worry about timing their move perfectly, but the truth is, waiting for the ‘perfect’ moment can lead to missed opportunities. With the right guidance, there’s almost always a way forward,” Kieran explains.
Understanding the Post-Budget Market
The recent base rate drop is a prime example of how market expectations can diverge from reality. While many hoped for a surge in cheaper mortgage deals, the market response has been more cautious. Rates on mortgage products have remained steady or even increased in some cases, reflecting ongoing uncertainties in the wider economy.
Kieran Hayes of Hayes Finance explains:
“It is often tempting to wait for rates to drop further before making a move, but timing the market perfectly is impossible. Those who act quickly and secure a deal tend to benefit the most. If rates drop during the application process, we can rebook at the lower rate—there’s no reason to hesitate.”
This highlights a crucial takeaway: decisiveness can make all the difference in securing favourable terms.
Proactive Solutions in an Ever-Changing Market
One of the ways Hayes Finance stands out is by actively monitoring the market and being ready to adapt. We don’t just wait for changes; we anticipate them, ensuring that our clients are always in the best position to benefit.
For instance, many of our clients have been surprised by the availability of options like six times income multipliers or mortgages requiring just 5-10% deposits. These products are subject to eligibility and credit checks, but they represent significant opportunities for those who are ready to act.
If you’re considering a move, remortgage, or even stepping onto the property ladder for the first time, Hayes Finance offers a personal, hands-on approach to finding solutions tailored to your needs.
Advice for First-Time Buyers
For first-time buyers, the post-budget market offers exciting possibilities, but preparation is key. Kieran Hayes emphasises:
“It’s not just about finding the right mortgage; it’s about ensuring your application is as strong as possible. From improving your credit score to understanding affordability, small steps can make a big difference.”
At Hayes Finance, we’ve guided countless first-time buyers through the process, helping them secure competitive rates and turn their homeownership dreams into reality.
For First-time buyers looking for tips and advice, read: Making a First-Time Buyer’s Dream Home a Reality.
Overcoming Market Hesitation
For some, the market’s unpredictability can lead to hesitation. Clients often ask whether they should wait for better deals or more stable conditions. Our advice is simple: the perfect time may never come, but the right advice can make any time the perfect time to act.
By partnering with Hayes Finance, you gain access to a team that’s always one step ahead. Whether rates go up or down, we’re here to ensure you’re never caught off guard. Our goal is to help you make informed decisions and take advantage of opportunities as they arise.
Moving Forward with Confidence
The mortgage market may feel daunting, but with Hayes Finance, you’re never alone. From navigating base rate changes to accessing specialised products, we’re committed to making the process as straightforward and stress-free as possible.
“It’s not just about securing a mortgage; it’s about building a relationship based on trust and understanding. Our clients know we’ll go above and beyond to find the right solutions for them, no matter the challenges.”
Ready to explore your options?
It may not feel like the perfect time to make a move, but in truth, there’s rarely a flawless moment in the ever-changing mortgage market. What matters most is having the right team behind you—one that understands the complexities, stays ahead of the trends, and is ready to act swiftly on your behalf. With Hayes Finance by your side, you can approach your next move with clarity, strategy, and confidence.
Ready to explore your options? Contact Hayes Finance today using the form below to see how we can help you take the next step with confidence.
