“This will hopefully mean that lenders will not need to increase rates too much further, at least until the next Bank of England Base Rate rise.
David Hollingworth of L&C added: “The hope will be that the Bank’s actions can bring a little more stability to the markets, which could help lenders get a better handle on the rates that dictate their fixed-rate pricing. “If there’s more stability then that should enable lenders to take stock and relaunch rates into the market. That is likely to be at higher rates of course but the more lenders that come back the more it will help the market find its level on pricing. It also helps to improve the range of choice for customers and their advisers.”
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