Article 50 & Mortgage Renewal

Thrugelmir

robcole wrote: »

So based on the responses, the likelihood of an immediate reaction at the point of Article 50 is low....but what are the thoughts over the next few years then?

On a general note. In addition to my earlier comments.

BOE could raise interest rates to provide a floor to GBP on the foreign exchange markets. Volatile daily fluctuations make running a business very difficult. Likewise to support the banks whose lending margins are being squeezed. Also pension funds which are struggling with funding deficits.

BOE funding for lending scheme (mortgages) is being wound down and phased out from Januaty 2018. At this point lenders will start repaying the cheap financing provided. Explains the recent 2 year low fixed deals that profilate the market. As lenders utilise and drawdown the funds they've requested.