Summary
MOST economists thought interest rates would fall in 2006, resulting in cheaper borrowing. In fact, sharply rising oil prices have meant that pressure on the Bank of England base rate is now upward.
The current conflict in the Middle East, which pushed up oil prices last week, has added to this pressure. And that means increased costs in the pipeline for most mortgage borrowers.See the full content of this document
Extract
Oil Puts Pressure On Mortgages
The table below shows a range of bestbuy, fixed-rate mortgages taken from these pages...
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