Trump Victory May Boost UK Housing Market, Say Experts at SLE

Donald Trump’s recent US presidential election victory could positively influence the UK housing market, according to speakers at the Specialist Lending Expo (SLE) yesterday.

Steve Cox, Fleet Mortgages’ Chief Commercial Officer, noted the potential for increased US investment in the UK’s financial system, especially in securitised markets. “There’s substantial US money in our system,” Cox explained. “Before Fleet was acquired by Starling Bank, we were predominantly funded by Citi Bank, one of the largest banks globally.”

Cox pointed out that a robust US economy could boost funds flowing into specialist lending sectors, benefiting UK consumers and the housing market. “It’s good news for our customers and everyone here,” he said.

While Cox acknowledged some uncertainties, such as potential tariffs on European imports and increased NATO spending, he noted that the economic outlook is generally favorable. Trump’s proposed tariffs, primarily targeting the auto industry, could have broader implications, although the specific effects remain unclear.

Goldman Sachs recently revised its UK growth forecast for next year down to 1.4%, expecting the slowdown to extend into 2026.

David Whittaker, CEO of Keystone Property Finance, added that Trump’s transactional approach to policy could accelerate decisions impacting the UK. He observed, “Trump is already pushing for Senate endorsements before his term officially begins. Whether we agree with his policies or not, the American choice will have a ripple effect on the UK.”

Whittaker concluded, “America’s actions will impact us, as they always do. When the US sneezes, the UK catches a cold.”