Hiten Ganatra: The mortgage market is paying the price for Westminster’s instability
Hiten Ganatra is Managing Director at Visionary Finance The resignation of Keir Starmer makes him the sixth Prime Minister to leave office in under a decade. For those of us on the frontline, advising mortgage borrowers day in and day out, the pattern has become painfully familiar and includes political shock, market reaction, higher borrowing costs, and real people paying the price. But while the Westminster carousel has become almost routine, the financial consequences have not, as each departure has left its own distinct mark on the mortgage market.
- ▪Hiten Ganatra is Managing Director at Visionary Finance The resignation of Keir Starmer makes him the sixth Prime Minister to leave office in under a decade.
- ▪For those of us on the frontline, advising mortgage borrowers day in and day out, the pattern has become painfully familiar and includes political shock, market reaction, higher borrowing costs, and real people paying the price.
- ▪But while the Westminster carousel has become almost routine, the financial consequences have not, as each departure has left its own distinct mark on the mortgage market.
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Hiten Ganatra is Managing Director at Visionary Finance The resignation of Keir Starmer makes him the sixth Prime Minister to leave office in under a decade. For those of us on the frontline, advising mortgage borrowers day in and day out, the pattern has become painfully familiar and includes political shock, market reaction, higher borrowing costs, and real people paying the price. But while the Westminster carousel has become almost routine, the financial consequences have not, as each departure has left its own distinct mark on the mortgage market. The data tells a clear and consistent story, as markets do not punish resignations themselves. They punish the fiscal recklessness, policy uncertainty, and loss of credibility that resignations so often expose.
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