View more on these topics

Rise came to quick, says has warned that the surprise rate rise will mean that the housing market will not be able to cool gradually.

The property website predicts that more severe changes will have to be made to the economy if the housing market is to remain stable.

Warren Bright, chief executive of, says: Todays interest rate increase is bad news for the housing market.

“The impact of the August and November rate hikes still needed some time to take effect and this move by the Monetary Policy Committee will prematurely increase pressure on home buyers.

“We expected the market to slow naturally in 2007 but a more abrupt adjustment is now more likely.


Sub-prime boom predicted is predicting a blooming sub-prime market in 2007 but warns that customers need clearer classifications if they are to embrace products. The prediction, made by a panel of moneyfacts experts, forecasts more lenders entering the growing sub-prime market in 2007.

Commercial First gets bond upgrade

Commercial First has had two of its securitised mortgage backed bonds upgraded as part of a performance review of its transactions by ratings agency Fitch Ratings.Mario Schmidt, associate director in Fitchs European structured finance department, says the upgrades “reflect the seasoning and the higher than originally modelled excess spread levels.Commercial Firsts Business Mortgage Finance 1 […]

Seminars on commercial deals

InterBay is launching a series of seminars to advise brokers on commercial mortgages. They will help brokers develop a new income stream from commercial loans.

Advantage appoints Green as divisional sales manager

Advantage has appointed Sara Green to divisional sales manager for the South of England.Green will be responsible for managing and developing the mortgage lender’s packager business relationships in Southern England. She will report to business development director Jeremy Duncombe.Green joins Advantage after six years at Platform and has been on gardening leave since August. Prior […]


News and expert analysis straight to your inbox

Sign up