Merryn Talks Money The Smartest Move You’re Not Making on Your Mortgage
16 snips
May 13, 2026 
Anthony Emmerson, Director at Trinity Financial and mortgage specialist, explains what's driven recent rate spikes. He breaks down who was hit and whether buying still beats renting. He highlights landlord exits, compares tracker and fixed choices, and reveals the simple remortgage tactic that can save you thousands.
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Swift Rate Spike After Geopolitical Shock
- Mortgage rates jumped ~1.2 percentage points in two weeks after geopolitical shock, reversing expectations of imminent cuts.
- Anthony Emmerson cites Iran war spike: best two-year rates rose from ~3.6% to ~4.7% and lenders overcompensated for uncertainty.
Lenders Stretch Affordability Multiples
- Lenders are relaxing affordability multipliers, offering 5.5x–6x income for some borrowers, which keeps buying feasible for deposit holders despite higher rates.
- Anthony Emmerson: this makes buying often comparable to renting on a monthly cost basis, especially for younger buyers with deposits.
Remortgage Early To Lock Optionality
- Do remortgage up to six months before your current product ends to lock in options without paying upfront fees.
- Anthony Emmerson: lenders often waive valuations/legal costs and arrangement fees can be added to the loan, so you can secure a deal with no money down.