Families in Crewe and Nantwich are more £1310 better off when taking out a typical mortgage since Labour came to office, new analysis has found.

A household taking out a new, representative, mortgage on a £204,375 house in December 2025, the median price in Crewe and Nantwich, will pay £1310 a year less than if they took out an identical mortgage in June 2024, at the time of the election.

This means that families taking out a new mortgage are saving around £109 each month – putting money back in people's pockets.

Between June 2024 and December 2025, interest rates on typical mortgages fell from 5.16 per cent to 3.97 per cent (Photo: Jonathan White).

These savings have been felt by households in every corner of Crewe and Nantwich.

If quoted mortgage rates fall by a further 0.5ppts over the coming year, that saving will rise to £1640. 

Following the Liz Truss mini-budget in 2022, two-year fixed mortgage rates shot up to over six per cent in October that year.

That adding hundreds of pounds onto their monthly bills when buying a home or remortgaging in the period that followed.

Between June 2024 and December 2025, interest rates on typical mortgages fell from 5.16 per cent to 3.97 per cent.

The news on mortgages comes alongside a wider package of measures introduced by the Labour government aiming to give security to and protect the pockets of working people in their living arrangements.

Labour's Chief Secretary to the Treasury, James Murray MP (Gov.UK).

As mortgage holders benefit from reduced costs, the Renters' Rights Act – coming into force on 1 May 2026 – will see 'no fault' evictions banned, and it will become illegal for landlords and letting agents to:

• Increase rent prices more than once a year
• Ask for more than one month's rent payment in advance
• Pit prospective tenants against one another through rental bidding wars
• Discriminate against potential tenants, because they receive benefits or have children

Labour's Chief Secretary to the Treasury, James Murray MP, said: "The Tories dealt a hammer blow to family finances when they crashed the economy and sent mortgages, rents and bills soaring.

"Labour is bringing the cost of living down. We've stabilised the economy, leading to six interest rate cuts and lower mortgage costs.

"We're also cutting £150 off average energy bills, freezing rail fares, freezing prescription fees, raising the minimum wage and lifting over half a million children out of poverty. This is the year when working people across Britain will start to feel the benefit of the change Labour is delivering."

MP for Crewe and Nantwich, Connor Naismith (Photo: Nub News).

Connor Naismith, MP for Crewe and Nantwich, told Nub News "I'm proud that families across Crewe and Nantwich are now seeing real relief in their pockets - around £109 a month is back where it belongs.

"That's the result of Labour's clear economic plan: stabilising mortgage rates following the catastrophic Liz Truss mini-budget, cutting the cost of living and delivering tangible benefits to working people."