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September MPC minutes - unanimous decision on rates
Woby_Tide
Posts: 5,344 Forumite
Comments
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And yet A&L has just reduced their fixed rates mortgage further. Is A&L seeing something that MPC is not seeing?Mark Hughes' blue and white army0
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no there's just a time lag involved. The long term trend in rates will be up, due to rising global oil prices increasing inflation, and the rising of rates by the Fed in the USA. (They've just made their 11th consecutive rate rise).0
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river_kwai wrote:And yet A&L has just reduced their fixed rates mortgage further. Is A&L seeing something that MPC is not seeing?
No, that's more to do with the competitiveness among lenders.
It's also why A&L have just abandoned their age-old lending criteria and are throwing money around like there's no tomorrow.
A month ago the max they would lend me was around £140K, now it's £200K.
Funny. because I don't remember having a huge pay rise in that time... :rolleyes:0
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