Swap rates show fall in borrowing costs

Swap rates show fall in borrowing costs

Recent political instability added to volatility in the financial markets and pushed up the cost of borrowing.

Swap rates are a good indicator of what to expect in borrowing costs because they reflect what borrowing costs for the lenders. 5-year swap rates rose to 5.6% after the mini budget but have since fallen back on the news of the Chancellor’s resignation and then again when the Prime Minister resigned.

Lower swap rates show financial market approval that the Truss Growth Plan was finally put to bed.

Overall, interest rates are definitely rising but recent volatility exaggerated the impact. Once the markets settle, there will be a clearer line of sight on interest rate expectations. Source: Dataloft, UK investing.com


Get our Newsletter

Downsizing can be a smart move at the right time—but how do you know when that is? This guide highlights common signs that it might be time to consider a smaller home and the benefits it can bring.

Property valuations mark the start of your home-selling journey. Discover how to prepare your home, present it effectively, and ask the right questions to maximise your property’s market value.

Moving home isn’t just about the sale price. From legal fees to removals, there are plenty of extra costs to budget for. This guide covers the most commonly overlooked expenses so you can plan with confidence and avoid last-minute surprises. All costs in this guide are just an average and will vary depending on the complexity of the transaction and even where you live in the country so remember to ask for detailed costings.

Buying your first home is an exciting milestone, but it can also feel overwhelming. With so much to consider—budgets, mortgages, legal paperwork, and finding the right property—it’s easy to feel lost in the process. This guide outlines the key things every first-time buyer should know before taking that first step onto the property ladder.