Barclays / Woolwich who have had some very tempting deals for purchase and in particular re-mortgages have announced increases for applications submitted after Wednesday, but funds need to be booked TODAY (and these are rationed to £70m a day).
Those who watch these things may have noticed SWAP rates increasing over the last two weeks, reflecting market sentiment on inflation prospects and the expected knock on effect on interest rate rises and timings. After a period of falls since the General Election, rates have now started edging upwards again.
Whilst small at the moment, as ever no one can say if this is the start of a trend. No doubt we will all read differing opinions from so called "experts" as to interest rate prospects into the New Year.
Anyway, back to Barclays:
Variable margins increased by up to 0.2%, 2 year fixed 0.09%, 5 year fixed 0.3%.
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