View more on these topics

Lenders reluctant to predict floor for rate cuts

Major lenders are reluctant to predict when they are likely to stop passing on the benefits of base rate cuts to borrowers.


Following the Bank of England&#39s 0.25 per cent cut lenders such as Nationwide and Cheltenham & Gloucester immediately cut their standard variable rates by the same amount.


Cheltenham & Gloucester press officer Peter Mounty says: &#34I would not say that interest rates have to drop to a specific rate before we will stop cutting our mortgage rates. We will balance the interests of borrowers and investors as we see best.&#34


Nationwide press officer Steve Blore says: &#34We are determined to keep ahead of the plcs and we will continue to cut mortgage rates as long as we are not compromising the interests of our investors.&#34

Recommended

Clinicare limits PMI increase to 5 per cent

Clinicare says it is increasing PMI premium rates by just 5 per cent for the second consecutive year.It says the modest increase is the result of a very successful 1998 during which it picked up a number of sizeable group schemes.Group manager Les Curson says: &#34Some providers will raise subscriptions by 25 per cent. Our […]

Watson survey shows executive pay continuing to move ahead in 1998

City fat cats are set to become fatter as executive pay continues to rise above inflation according to actuarial consultants Watson Wyatt.The latest report by its remuneration committee found that chief executives&#39 earnings grew by 9.2 per cent and board directors earnings grew by 13.5 per cent between 1997 and 1998It says this reflects the […]

The Brunner Investment Trust – April 2017

Welcome to the latest update for The Brunner Investment Trust PLC from the Trust’s portfolio manager, Lucy Macdonald. Market Review Global equities have rallied over the first quarter of 2017, buoyed by signs of strengthening growth and optimism over company earnings, although this rally has faded towards the quarter end. US equities posted their strongest […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment