This week, stories about the changes in mortgage rates and the Bank of England’s next move gripped our readers.
The Bank of England governor, Andrew Bailey, made surprising comments about the Monetary Policy Committee (MPC), suggesting it could be “more aggressive” in cutting the base rate.
This was a change in sentiment from his view just a week earlier, when he said action by the central bank should be “gradual” to continue managing inflation.
His opinion led to swap rates falling, further adding to the cuts already being made to mortgage pricing, with NatWest, Santander and HSBC among some of the lenders making changes.
Nationwide’s acquisition of Virgin Money was also a top read, as Virgin Money’s chief executive David Duffy resigned from his role following the completion.
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Duffy steps down as Virgin Money CEO as Nationwide completes acquisition
Metro Bank completes sale of residential mortgage portfolio to NatWest
BoE governor Bailey says rate cutting could be ‘more aggressive’
HSBC brings foreign national mortgage policy in line with domestic borrowers
Turning mortgage advice into a career people choose, not fall into – Bawa
Exclusive: Smartr365 to hold broker event with Nationwide, Experian and Iress
