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Landbay comments on base rate announcement
15 December 2022
Paul Brett, managing director, intermediaries at Landbay, said: “Base rate started to go up a year ago, kicking off the first of nine increases in a row in an effort to curb rising inflation, rising from 0.1% to 3.5% today. Before that a December rise last happened in 2007 and 2008 as we faced the global financial crisis.
“In times like this, the role of the mortgage adviser is more important than ever, whether for purchase or remortgage. There will be significant opportunities for advisers who have a real understanding of the criteria and idiosyncrasies of lenders who are labelled as ‘specialist,’ both residential and buy-to-let.”
