Mortgage providers 'pulling best deals' - papers 27 April

The action follows the shock inflation rise last Tuesday which shook the City and made an imminent hike in the Bank of England bank rate almost inevitable. “The base rate figure is expected to go up once, maybe even twice, in a very short period of time so banks are anticipating this by filtering rate changes through to their products,” says David Hollingworth, communications director at mortgage broker, London and Country. The base rate is currently set at 5.25% and is expected to rise by at least 0.25% at the start of May. The rise in inflation has increased money market 'swap' rates, s...