I’d like to know why MPC rate rebel was villain of the week

I always look forward to reading Mortgage Strategy every weekly, particularly Jonathan Cornell’s Marketwatch column, but last week he classed the Monetary Policy Committee’s resident rate rebel Andrew Sentance as his Villain of the Week.

I may be being naive and short sighted but I’d like to know why.

Surely us brokers selfishly want rates to start increasing again, not excessively, but in a manner that would make clients’ more receptive to our calls around discussing their mortgages.

From a business perspective if clients feel the need to review their mortgages it must be a good thing.

I see a slight move upwards in interest rates as a positive step for our livelihoods, or am I wrong?

William Reid,
Reid Financial Consultancy