Interest Rates Rise!
The Bank of England has announced a rise in the base rate of interest to 4% as a reaction to the threat of rising inflation to the UK economy.
Most lenders hedge their approach to lending and expected rate rises are often already built in to mortgage lending rates. In fact, some mortgage lending rates have fallen back this week as lenders take a medium/long term view!
As we move towards 2027, we seem to be in a mortgage and lending market that is stabilising.
