The impact of the Bank of England Monetary Policy Committee’s (MPC) base-rate decisions on mortgage pricing is not as immediate as it once was. This is due to a circle of influences. Previously, more UK consumers had residential mortgages — mainly variable rate. So, when the MPC increased the base rate, households
The impact of the Bank of England Monetary Policy Committee’s (MPC) base-rate decisions on mortgage pricing is not as immediate as it once was. This is due to a circle of influences. Previously, more UK consumers had residential mortgages — mainly variable rate. So, when the MPC increased the base rate, households
