Mortgage lenders pulling fixed rate mortgages

With inflation being so high, there is sure to be an interest rate rise from the Bank of England. This impending rise has now made mortgage lenders like Alliance & Leicester and others to pull their fixed rate mortgages.

This is always normal practice when there is going to be an interest rate rise, this will spell yet more pay out of people with a mortgage. Inflation is now at 3.01% and the Bank of England, needs to do something to bring this down. We all know what that will be, but will one rise do the job, or is this the first of many of the coming months.

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1 Comment
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1. Interest rate rises are not good for anyone borrowing money (most of the UK), if you got savings it’s a good time for you.

   Comment by Dan — April 24, 2007 @ 9:32 am

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