Cloud Mortgages Switches to Stonebridge Network: What it Means for Borrowers in 2026

As of 5th May 2026, Cloud Mortgages has transitioned its network from Primis to Stonebridge. This move comes as the firm expands its team from two advisers in 2025 to six, with plans to reach ten by the end of the year. Here’s what this means for different types of borrowers.

Impact on First-Time Buyers

Scenario: £250,000 Repayment Mortgage at 90% LTV

For first-time buyers, assuming a £250,000 repayment mortgage at 90% LTV, the switch to Stonebridge could potentially offer more competitive rates. With the current base rate at 3.75% as of April 2026, a 0.25% reduction could decrease monthly payments from £1,194 to £1,163, a saving of £31 per month or £372 per year. This is a significant saving for those entering the property market for the first time.

Effect on Remortgagers

Scenario: £200,000 Repayment Mortgage at 75% LTV

Remortgagers could also stand to benefit. For instance, a homeowner with a £200,000 repayment mortgage at 75% LTV could see their monthly payments drop from £1,020 to £997 with a 0.25% rate cut. This translates to a monthly saving of £23, or £276 annually. This saving could be used to pay off the mortgage faster or for other financial goals.

Scenario: £300,000 Interest-Only Mortgage at 60% LTV

For landlords with a £300,000 interest-only mortgage at 60% LTV, a 0.25% rate cut could reduce monthly payments from £750 to £725, a saving of £25 per month or £300 per year. This could improve rental yields and overall profitability for landlords.

Market Context

Compared to a year ago, the base rate has increased by 0.5%, from 3.25% in May 2025. This is a significant increase, and it has led to higher mortgage rates for many borrowers. The move by Cloud Mortgages to Stonebridge, a network known for its high level of service without high monthly fees, could be seen as a strategic response to these market conditions. Stonebridge’s CEO, Rob Clifford, has welcomed Cloud Mortgages, noting that the firm’s growth and strong customer service reputation make it a valuable addition to the network.

Frequently Asked Questions

What is the current UK base rate?

The current UK base rate, as set by the Bank of England, is 3.75% as of April 2026.

How does the base rate affect my mortgage?

The base rate influences the interest rates offered by lenders. A higher base rate often leads to higher mortgage rates, increasing the cost of borrowing. Conversely, a lower base rate can lead to lower mortgage rates, reducing borrowing costs.

How has Cloud Mortgages grown recently?

Cloud Mortgages has expanded from two advisers at the start of 2025 to six as of May 2026, with plans to reach a team of ten by the end of the year.

What areas does Cloud Mortgages operate in?

Cloud Mortgages operates across the Midlands, North West and Scotland, with a central team based in Nottingham.