You are reading a single comment by @Hefty and its replies.
Click here to read the full conversation.
-
Lenders need to lend and it’s a competitive market
I saw an interview a couple of days ago where one of the banks was saying that at the moment no-one wants to be that lowest priced deal that everyone goes for to limit exposure.
-
But the relative steadying of the markets is because they have factored in a BoE rate rise in Nov which is likely to be a significant one. No lender wants to be exposed below the rate, so they aren't going to drop now.
Then we have the OBR forecast for how we (can't) pay for the tax cuts and the shitshow all starts again. It's impossible to call, but I don't think it's going to settle for a while and still Truss/Kwarteng opportunity to cause a Black Wednesday type event.
aggi
villa-ru
@Hefty
There you go. Lenders need to lend and it’s a competitive market, HSBC will drop 0.25% and see a rise in applications, then someone else will want a piece of that and undercut them and on it goes. We’ll all be eating foie gras again by Christmas.