Mortgage Sorter
Recommended UK Mortgages

 

UK Interest Rates Forecasts and Predictions for Home and Property in the UK at 30 11 2007

UK Interest Rate: 5.75%

UK Interest Rates Forecast: Rate cut expected early in 2008

Lenders Not Passing On Rate Cuts?

Borrowers could find that even if interest rates do fall early next year, as expected, they won't immediately benefit from reduced mortgage payments if they are on their lender's standard variable rate (SVR).

While tracker mortgages are guaranteed to follow the Bank of England's base rate, there is no such obligation for lenders' own variable rates. As the credit crunch continues to expose lenders to higher borrowing costs, they are seeking to increase their cash reserves by improving their margins.

Maintaining a higher margin on mortgage products is an ideal way to do this - more than one UK lender has increased their variable rates in recent weeks despite the Bank of England rate remaining unchanged.

MPC Minutes - Only Two Votes for Rate Cut

The minutes from the November meeting of the Bank of England's Monetary Policy Committee were published this week. They revealed that just two MPC members - fewer than expected - voted for a rate cut in November, with the remaining seven voting in favour of no change.

Also surprising was the fact that one of the two 'no' votes came from Sir John Gieve, the Deputy Governor of the Bank of England with responsibility for monetary stability. He would normally have been expected to vote against a cut - this change of view may suggest that he feels that the economy will soon start to slow.

The minutes did acknowledge the need for the MPC to remain reactive, however, revealing that the committee members agreed that "there was time to wait and see whether ... the projected slowing emerged in the data".

In other words, they don't have enough evidence that the economy really is slowing down yet, and they won't be rushed into cutting rates by mortgage lenders and other bodies with vested interests.

 


 


 




 




 


 





 














 

Latest Interest Rates Forecast in the UK

Interest Rates Forecast to 10/10/06

Interest Rates Forecast to 20/10/06

Interest Rates Forecast to 27/10/06

Interest Rates Forecast to 7/11/06

Interest Rates Forecast to 22/11/06

Interest Rates Forecast to 27/11/06

Interest Rates Forecast to 3/12/06

Interest Rates Forecast to 10/12/06

Interest Rates Forecast to 17/12/06

Interest Rates Forecast to 22/12/06

Interest Rates Forecast to 29/12/06

Interest Rates Forecast to 5/1/07

Interest Rates Forecast to 12/1/07

Interest Rates Forecast to 19/1/07

Interest Rates Forecast to 26/1/07

Interest Rates Forecast to 2/2/07

Interest Rates Forecast to 9/2/07

Interest Rates Forecast to 16/2/07

Interest Rates Forecast to 23/2/07

Interest Rates Forecast to 2/3/07

Interest Rates Forecast to 9/3/07

Interest Rates Forecast to 16/3/07

Interest Rates Forecast to 23/3/07

Interest Rates Forecast to 30/3/07

Interest Rates Forecast to 6/4/07

Interest Rates Forecast to 13/4/07

Interest Rates Forecast to 20/4/07

Interest Rates Forecast to 27/4/07

Interest Rates Forecast to 4/5/07

Interest Rates Forecast to 11/5/07

Interest Rates Forecast to 18/5/07

Interest Rates Forecast to 25/5/07

Interest Rates Forecast to 8/6/07

Interest Rates Forecast to 15/6/07

Interest Rates Forecast to 22/6/07

Interest Rates Forecast to 6/7/07

Interest Rates Forecast to 13/7/07

Interest Rates Forecast to 20/7/07

Interest Rates Forecast to 27/7/07

Interest Rates Forecast to 3/8/07

Interest Rates Forecast to 10/8/07

Interest Rates Forecast to 17/8/07

Interest Rates Forecast to 24/8/07

Interest Rates Forecast to 31/8/07

Interest Rates Forecast to 7/9/07

Interest Rates Forecast to 14/9/07

Interest Rates Forecast to 21/9/07

Interest Rates Forecast to 28/9/07

Interest Rates Forecast to 5/10/07

Interest Rates Forecast to 12/10/07

Interest Rates Forecast to 19/10/07

Interest Rates Forecast to 26/10/07

Interest Rates Forecast to 2/11/07

Interest Rates Forecast to 9/11/07

Interest Rates Forecast to 16/11/07

 

 

 

 

 


Click here to go to the Home page and find out more information about UK Mortgages, UK Mortgage Quotes, UK Morgage Finance, Interest only mortgages (even with bad credit) or Home Insurance Policies Quote.

 


 

Get a custom rate and see
how much you could save by
filling out this quick form
below.

It's a FREE, no-obligation service.

Value of Property
£
 (eg 159000)
Borrow How Much?
£
 (eg 125000)
 Your Morgage Type
   











Browse over 200 Free Mortgage Tips

Your Complete Guide to UK Mortgages
Find Out How to Win the Race to Buy Your Home - Home Buyers Guide
How to Sell Your Home
Learn How to Save ££s by Remortgaging
Read the Insider Info on Home Insurance
Best Buy UK Mortgage Tables
UK Mortgage Calculators
First Time Buyers
Self Employed Mortgages
Bad Credit Mortgages
Overseas Mortgages
Common Questions / FAQs
Mortgage Definitions
Mortgage Lenders UK List
LATEST MORTAGE UK NEWS

Site Help

About Us
Your Privacy
Contact Us
HELP
Mortgage Guide Site Map
Tip Our Charity






Social Bookmark Us (Please ;-))
























 

 

 

 

 

FREE MORTGAGE QUOTES
Call 0845 22 33 112
or Apply Online Fast and Easy
 
Great Selection of
UK Mortgage
CALCULATORS

Click here
  
See Today's Latest
Mortgages
BEST BUY TABLES

Click here