The Bank of England must guard against cutting the interest rate “too far, or too fast,” to avoid higher inflation, warns the central bank’s chief economist. Huw Pill, who also sits on the Bank’s rate-setting Monetary Policy Committee, said high services prices and wages… The post BoE’s Pill cautions against cutting rates ‘too far, or too fast’ appeared first on Mortgage Strategy.
Activity in the mortgage market this week was relatively mixed but still muted, according to the latest data from Moneyfacts. Some notable lenders made some increases, while building societies were more inclined to make reductions. The average two- and five- year fixed rates have remained… The post Building societies tending to reduce rates in quiet week: Moneyfacts appeared first on Mortgage Strategy.
Top two headlines this week: FCA announces open banking mortgage tests and The Chancellor is looking at tax rises and spending cuts in upcoming budget. Explore these and other major industry updates below: FCA to run open banking mortgage tests The Financial Conduct Authority… The post Mortgage Strategy’s Top 10 Stories: 13 Oct to 16 Oct appeared first on Mortgage Strategy.
Paragon Bank has launched three 75% loan-to-value limited edition landlord fixed-rate loans, with rates starting at 3.29%. The specialist lender says two-year fixed-rate mortgages include a 3.29% option for single self-contained properties with an energy performance certificate rating of A to C, rising to… The post Paragon Bank launches three limited edition 75% LTV landlord loans appeared first on Mortgage Strategy.
The cost of living is forecast to hit its highest level this year, coming in at 4% when official data is published next week. Deutsche Bank expects inflation to come in at this mark, from its current 3.8%, driven by a range of items… The post Inflation preview: Hitting peak? appeared first on Mortgage Strategy.
