Starmer's resignation & mortgage/housing market

22 June 2026

Richard Dana, Founder and CEO of mortgage and savings platform, Tembo:

"Political uncertainty is rarely good news for people making major financial decisions. Buying a home is one of the biggest commitments most people will ever make, and confidence matters.

Whoever forms the next government, the focus on first-time buyers cannot be allowed to slip. The challenges are well known: unaffordable housing, insufficient supply and outdated support schemes such as the Lifetime ISA. These issues are too important to be put on hold.

While the market remains difficult, there are reasons for optimism. Over the past year we've seen improving mortgage affordability, greater stability in rates and growing optimism among aspiring homeowners. It is important that momentum is not lost. First-time buyers need certainty that support schemes and housing policies will be improved and modernised, not delayed or axed by political change.

There are encouraging signs that housing will remain high on the political agenda, with proposals around large-scale housebuilding and wider reform of property taxation likely to feature prominently in the debate. However, so much remains unknown. Increasing housing supply and creating a fairer path to homeownership should be priorities for any government.

The UK's housing challenges are bigger than any one political leader. What matters now is maintaining a clear, consistent commitment to helping the next generation build financial security and achieve homeownership."