FT Advser - Political uncertainty over Starmer’s exit could affect mortgage costs and derail pensions reform

Keir Starmer’s resignation as Prime Minister may lead to mortgage costs reducing as a “degree of political uncertainty” is injected into financial markets, Lansdown Financial Service director, Doug Miller, has suggested.

Trinity Financial product and communications director, Aaron Strutt, said that he expected mortgage price reductions, which have emerged in recent weeks, to slow down following Starmer’s departure.

“Sterling has remained relatively strong against the Euro over the past few months despite the challenge to his leadership, but there are now serious risks to sterling exchange rates.

“Mortgage rates have been coming down for weeks, but these price reductions could slow down. There are no guarantees that a new Prime Minister will do a better job.”

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