The UK housing market continued to shift in favour of buyers throughout May, as transaction levels softened slightly and supply continued to outweigh demand in many areas. While headlines may focus on small percentage changes, the underlying story is far more significant.

In recent weeks, we’ve seen a noticeable shift as major lenders begin reducing mortgage rates, signalling a change in momentum after a period of uncertainty. With swap rates easing and lenders keen to attract business, the landscape is becoming increasingly favourable but also more complex for buyers and homeowners. What can this mean for you?

The Bank of England has once again opted to hold its base interest rate at 3.75%, marking the fourth consecutive pause in monetary policy. While widely expected, this latest decision carries significant implications for homeowners, landlords, buyers and sellers across the UK property market.

Buying a home can feel easier when you know your budget, priorities and next steps. With mortgage costs still influencing decisions, preparation is one of the biggest advantages buyers have.