Selling August 2, 2016
     

Lenders React To Possible Base Rate Cut

Lenders react to possible base rate cut

All eyes were on the Bank of England this week, following widespread speculation of an impending cut in the Base Rate - the first since March 2009. 

The Monetary Policy Committee has however voted 8-1 to leave rates unchanged, opting to wait until August’s inflation report before taking any action.

A number of lenders, including Halifax and Santander, have already withdrawn or increased their tracker rates over the last few days. In some cases the increases have been nearly 0.50%.

This certainly suggests that lenders believe the Bank of England is preparing to cut Base Rate very soon, and are looking to protect their margins. 

A drop in base rate will of course benefit homeowners who already have tracker mortgages, and would immediately see a drop in their monthly payments.


Guild Mortgage Service, Provided by London & Country Mortgages

Top tips to attract buyers this spring

Selling a home with a short lease

Why winter is a good time to move home

Prepare your home to sell in 2024

CONTACT US

Rushden | 01933 313600
rushden@charlesorlebar.co.uk

Associated Park Lane Office | 0203 3688173

ABOUT US

We are a local and knowledgeable estate agency firm in Northamptonshire and North Bedfordshire with offices in Rushden and London. We are enthusiastic, proactive and very trustworthy.

FOLLOW US


2018 © Charles Orlebar Estate Agents Ltd. All rights reserved. Terms and Conditions | Privacy Policy | Cookie Policy | Complaints Procedure

Charles Orlebar Estate Agents. Registered in England.  Company No: 4707738.  Registered Office Address: 23, Cottingham Way, Thrapston, Northamptonshire, NN14 4PL. 
Book a Property Valuation