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Comment on the Bank of England September approvals from Jonathan Sealey at Hope Capital PDF Print E-mail
Monday, 30 October 2017
Jonathan Sealey, CEO at Hope Capital, says “There is so much speculation at the moment regarding a rise in the Bank of England base rate.  Yet, when you consider that most of the lending in September came from deals agreed up to three months ago, it is also difficult to see how the recent change in the Bank’s sentiment, regarding a rate rise, has had any effect on these figures.  

“Moving into the last couple of months of the year the threat of rising rates, in a world when most people have less in their pockets, could be the impetus that borrowers need to look at their current situation to try to reduce their monthly outgoings. It could mean a strong finish to the year despite everything.”

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