Related topic: Interest rates

Becki Fraser-Tucker, head of sales at Chetwood Bank for ModaMortgages, says offering brokers and borrowers greater choice during periods of uncertainty can give them peace of mind when...

The Bank of England is expected to maintain its 'wait and see' approach at next week's meeting.

The UK economy is showing signs of resilience despite an uncertain geopolitical environment. 

An extended hold to interest rates is "very much the correct and appropriately measured policy response", Taylor said.

The products provide existing customers with additional options to review their borrowing and raise funds against their portfolios.

A hold was widely predicted after UK CPI inflation held steady at 2.8% in May.

The surprise inflation figures "could trigger a mortgage price war", industry experts predict.

As a result, many expect the Bank of England to adopt a 'wait and see' approach to interest rates at its meeting next week.

Greene has hinted at future rate rises, arguing for a 'proactive approach' to growing inflation.

Bailey believes the Bank has already effectively tightened monetary policy by taking the prospect of future rate cuts off the table.