News

The mortgage industry believes the bank of england base rate will remain low for the next few years. Although their has been inflationary pressure on the bank of england the economy appears to have taken precedent. With inflation decreasing this year there will be less pressure on the bank of england and therefore the base rate should remain at its current rate of 0.5% for the forseeable future. The industry expects only a very small growth in the bank base rate once it starts moving probably sometime in 2014.

Increase in Standard Variable Rates

Published March 20, 2012 | By mortgagewyse

Lenders increasing their standard variable rates (SVR). There has been recent news that some lenders are incresing their SVR over the next few months. As they move to create bigger margins it maybe a good idea to review your current mortgage.