Hello and welcome to our June update. Whether you're a new client joining us for the first time or a valued existing client, we're delighted to have you with us.
June is bringing encouraging signs to the housing market, with improved mortgage affordability, steady buyer demand, and a growing number of properties becoming available.
For homebuyers and homeowners alike, these positive trends are creating new opportunities to make confident property decisions. As we move into the summer market, now could be an excellent time to explore your options and review your mortgage plans.
UK house prices are softening slightly, as the various pressures facing the market continue to shape activity. Prices fell by 0.1% in May and annual growth edged up from 0.4% to 0.5%, taking the average property price to £298,806.
Seasonally, this is typically a period where activity holds up reasonably well, but momentum can become more uneven as the summer progresses. As the holiday season takes hold and attention shifts from new homes to holidays, we often see a further softening in demand, particularly through July and August.
The Bank of England has held rates for now, and attention is increasingly turning to the June decision, where policymakers are widely expected to keep rates unchanged again. However, the outlook remains uncertain. Ongoing tensions in the Middle East leaves the Bank navigating a narrow path, with limited room to signal a clear direction for rates while pressures persist.
For now, the housing market is likely to remain on a subdued footing. While mortgage rates have edged down from their recent highs as swap rates have stabilised, the improvement has been gradual rather than decisive and borrowing costs remain elevated by recent standards.
For those looking to buy or remortgage, the environment remains finely balanced. Rates are no longer moving sharply higher, but nor is there a clear downward trajectory. In this kind of market, staying close to developments and reviewing options early, ideally with professional advice, will leave borrowers better placed in the long run.
New powers to evictDomestic abusers to be evicted under new landmark housing law
Landlords get new powers to evict domestic abuse perpetrators from social homes
Decades of new-build social housing sell-off stopped as Right to Buy rules overhauled and tightened
Backed by the government’s £39bn investment in social and affordable housing - the biggest in a generation
Abusers will be evicted from social homes and victims will be able to stay safely in their communities, under a new landmark Social Housing Bill returning to Parliament for its Second Reading today (Monday 1 June).
Under new protections, landlords and courts will be able to evict perpetrators of domestic abuse from social housing – without the victim having to leave first.
Currently, landlords can only evict a perpetrator after the victim has already left the home, and in joint tenancies, the only option for the victim is to end the tenancy entirely – potentially leaving them homeless.
The Bill also closes a loophole that let abusers serve a Notice to Quit to make victims homeless. Under the proposed new law, a Notice to Quit served by a perpetrator will not end the social housing joint tenancy while court proceedings are ongoing.
In addition, for joint tenancies, courts will be able to transfer the tenancy into the victim’s sole name, or where staying is not appropriate, require the landlord to provide suitable alternative accommodation where available.
Last year, around 15,000 households in England were forced to find a new social home because of domestic abuse. This Bill means victims can stay safely in their homes and communities, close to support networks, schools, and work.
The news follows the swift introduction of the Bill earlier this month, which also includes the biggest overhaul of Right to Buy in a generation to reverse the decline of social housing.
The Social Housing Bill was confirmed in the King’s Speech on 13 May 2026 and introduced to Parliament on 14 May 2026.
The territorial extent of the Bill is England and Wales, with all measures at introduction applying to England only.
Eligibility for social housing remains unchanged. Asylum seekers are not eligible for social housing.
The Bill does not make changes to the private rented sector. From 1 May 2026, the Renters’ Rights Act gives private renters greater security and stability.
For the social rented sector this Act will be implemented from October 2027.
Under the Bill, a Notice to Quit served by a perpetrator in a social housing joint tenancy will not take effect where a notice under the domestic abuse grounds is in force, or during ongoing court or eviction proceedings, preventing the misuse of such notices to force tenants out of their homes.
What if you sustained an illness or injury and were unable to work. How would you fund your current lifestyle? And if you have a family, how would you continue to support them? Income protection is a plan that will pay a monthly proportion of your salary to help see you through the unexpected.
The policy is designed to pay out up to 60% of your gross salary, monthly (tax free) should you be unable to work due to accident or sickness (e.g. mental health/broken bones/bad back/more serious illnesses etc).
If you would like to know more about this and obtain a quote then please contact one of our helpful and friendly team members.
"Couldn't recommend more highly. Excellent service, efficient and friendly. Removed obstacles that i was facing using other mortgage brokers and fully understood the nuances of working at sea."
If you have any questions or concerns about your fixed rate mortgage, please do not hesitate to contact any of us here at Mortgages for Yacht Crew or our sister company Marine Accounts for guidance. Don’t forget that you can get yourself locked into a new deal 6 months prior to your fixed rate coming to an end.
This does not mean you are stuck if rates fall again, when the time arrives, it simply allows you to have the most suitable rate available at that time. We will always check the most suitable rates one week before it’s due.
If you think you may be affected by any of the topics above and are unsure of your position, you can contact clare.viner@mortgagesforyachtcrew.com for advice.
If you know someone looking to buy their first home or remortgage, then we offer a £50 cashback reward to you for referring them if they decide to use our services. You can find the full terms and conditions on our website and social media pages.
