Interest Rate Rise will not impact short term lenders says the ASTL

Responding to the Government’s announcement that interests rates will rise to 0.75%, Benson Hersch, CEO at the ASTL, said: “Today’s announcement that interest rates are rising will as expected have a major impact on longer-term lenders, as they may feel compelled to raise rates. This will affect exit routes for short term loans, but unless there is an expectation of further increases in the medium term, I don’t expect rate rises to affect short term lenders.”