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Bank Base Rate decision comment
Simon Jackson, Chief Executive Officer at MSS (Mortgage & Surveying Services), on today’s MPC Bank Base Rate announcement:
“The housing market remains in good shape and should be able to withstand measured and proportionate rises in interest rates.
“Given the inflationary headwinds facing the economy, the direction of travel for interest rates is clear.
“However, for the majority of homeowners interest rates will remain at historically low levels and comfortably less than the affordability level tested by their lender at application.”
Published: 03 February 2022
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