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Rate increases Archive
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Troubles in Europe push mortgage rates higher
Once again this month the Bank of England Base Rate was held at 0.5%, but the ongoing chaos, panic and uncertainty surrounding the current debt crisis in Europe has been having a knock-on effect on the cost of mortgages. LIBOR, the London Inter-Bank Offered Rate at which banks lend money to each other, has been [...] -
Another push for long term fixed mortgages
You could be forgiven for feeling a sense of déjà vu on hearing that Grant Shapps, the Housing Minister, is calling on lenders to provide more long term fixed rate mortgages of up to 30 years. This was originally put forward by the Miles Review during Gordon Brown’s tenure as Chancellor, in a bid to [...] -
Bank of England says economic woes may mean higher mortgage rates
After the release today of the Bank of England’s latest Monetary Policy Committee (MPC) minutes, you’ll probably see many scary headlines saying the Bank of England considered even more Quantative Easing (QE, aka printing money) than the £75 billion voted for. £100 billion in fact. Let’s balance that by pointing out that they also considered [...]
