Occasionally Mortgage Shop's comments are featured in the press, here you will find some examples of news stories that we have appeared in from London Loves Property
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The Bank of England has raised interest rates to 5% which is the highest in 15-years which will make borrowing more expensive. The banks monetary policy committee raised the base rate by half a percentage point on Thursday morning which will push many over the cliff. Following the Bank of England’s decision to increase the base rate to 5%, UK newswire, Newspage, sought the views property experts. https://londonlovesproperty.com/property-investors-ponder-whether-to-tango-or-tiptoe-out-of-the-market-amid-the-5-interest-rate-hike/
Barclays has just announced it is “making a number of changes across our residential purchase and remortgage range and our Buy to Let range. These changes consist of increases and decreases,” meanwhile, NatWest has also announced rate changes this afternoon. Barclays said that “we’re making changed to our Existing Customer product range, details of which are as follows: Existing Customer Rate Changes: Switcher: Rate increase of 5bps and up to 10 bps on selected 2 and 5 year deals. Financial Advisers Discuss: https://londonlovesproperty.com/lenders-getting-nervous-ahead-of-hunts-budget-as-barclays-and-natwest-announce-rate-changes/
Barclays has just announced the first sub-5% 2-year fixed remortgage product for months, which will go live on Friday. Brokers said it would fire up the rest of the High Street and take the rate war up a notch. Experts Discuss: https://londonlovesproperty.com/barclays-to-fire-up-rest-of-high-street-with-first-sub-5-2-year-fixed-remortgage-product-for-some-time/
Ahead of this week’s Monetary Policy Committee meeting, UK newswire, Newspage, asked a selection of financial services experts whether they think the Bank of England should increase rates this week and how they believe it has handled the inflation crisis to date. See their views: https://londonlovesproperty.com/property-experts-warn-if-the-bank-of-england-raises-interest-rates-further-the-future-is-bleak/