A base rate increase is on its way, depending on how long Mervyn King can keep the Bank of England members of the MPC to hold the line, and Halifax has listened to feedback and improved services to brokers


Heroes & Villains


Hero of the week is Halifax. It was good to see it cut its rates for the second week in a row and it continues to make positive changes to its service in response to broker feedback. It’s great when lenders take the time to listen.


Villains of the week
are those who criticise high loan to value lending. Clearly they need to be sold and underwritten sensibly but it is not the root of all evil and plays a valuable role in helping people with generous parents get on the housing ladder.