Qualified advisers answering your
Financial Questions
call 0800 092 1245

Libor rate reduction puts more pressure on UK mortgage lenders

As the almost inevitable reduction in UK interest rates in the short term continues to hit the money markets it has been revealed that the libor rate, which is the rate at which banks lend to each other, has fallen to 3.94% which is a five-year low. While the authorities may look to claim the credit on the reduction in the rate, the fact is that the highly likely reduction in UK base rates in the short term has been the main catalyst to the move.

Whatever the reasons for the fall in the libor rate there is no doubt that the recent reduction is a godsend to the UK economy. The authorities and regulators now have the perfect opportunity to show the industry that reductions are required and required now!

Confronted with the ever growing evidence for a reduction in commercial rates it will take a brave banking company to resist these calls which are growing louder and louder. There is a general understanding that interest rates in the UK will fall again next week placing more pressure on the finance sector to follow through with earlier promises of increased liquidity and better rates in the market place.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details