Precise Mortgages is launching a new range of residential products combining lower rates with a wider choice to help brokers support clients who have adverse challenges. The company, part of the OSB Group, says key highlights of the range include reduced rates now starting from 5.39% and selected products now feature
extraordinary three weeks . overnight. it s been the most i extraordinary three weeks going overnight. it s been the most - extraordinary three weeks going back to the 26th of september, the pound had gone to its lowest point against the dollar for had gone to its lowest point against the dollarfor decades, had gone to its lowest point against the dollar for decades, thousands of mortgage offers got taken away and then the bank of england moved to shore up pensions and underwrite government debt. there was not a household in the country not long term worrying about that, then we saw the high rate of income tax, nick saint we could see the basic rate of income tax, that being cancelled. the new prime minister came in on friday, seeking to reassure global investors we were a safe bet, he said stability would underpin his policies and talked about the mini budget going too far and too fast. when markets opened in asia we sought the pound bouncing slightly to $112. no work near where we we
what would you say? i think we have to distinguish mortgages from - to distinguish mortgages from pensions. as i understand it, the problem the pensions fund had, the pensions funds have had as they have had cash call on contracts they had taken out to protect themselves, should interest rates have fallen further. that does not affect their ability to pay pensions but does mean they need to cash in the short term, because interest rates have actually risen. in the longer term, higher interest rates make things easierfor pension funds higher interest rates make things easier for pension funds because they reduce the cost of providing future pensions. i think with mortgages, it is a different matter. they are, the increases in interest rates we ve been seeing in the market for government debt are likely to feed through to fixed term mortgages and of course they have been feeding through already, mortgage offers have been, mortgage schemes have been withdrawn and replaced by new ones at h
are likely to feed through to fixed term mortgages and of course they have been feeding through already, mortgage offers have been, mortgage schemes have been withdrawn and replaced by new ones at higher interest rates. that gives our reviewers a sense of the direction of travel on all of this. what do you think andrew bailey was saying or why, perhaps, was he seeing it in new york when he announced the bank of england would end its support, buying up government debt, this friday? was the timing wrong for that or was that a sign a sign of frustration, perhaps, for him? i think what he is concerned about is that people might think the government, that the bank of england is essentially monetising government debt, turning long term securities into money, which is a form of quantitative easing, and that is not the thing you want to be doing when you re trying to bring inflation down.
and ukraine has accused russia of causing the leaks. hello. this is bbc news these are the latest headlines in the uk and around the world. one of the world s most important financial institutions the international monetary fund criticises the government s tax cuts and calls on ministers to re evaluate their plans. these statements are common with regard to emerging market countries with problematic policies, but not often about g7 countries. this, unlike other fluctuations in the market, is a self inflicted wound. these were the deliberate decisions of the government on friday. following on from the mini budget, some lenders have halted mortgage offers for new customers, others have said they will increase rates on fixed mortgages.