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Mortgage With The Coventry Anyone?

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Can anyone translate this?

Jeremy Claridge, senior mortgage product manager at Coventry Building Society, agrees. “We’ll most probably see another 0.25 per cent rise in November, and then rates will start to fall again next year due to inflationary pressures on the housing market,” he says. “So by next summer we could see fixed rates starting to fall again.”

http://www.whatmortgageonline.co.uk/_10_ye...be_a_gamble.asp

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For a start I really wouldn't expect a product manager to be the best person to ask for his view on the way rates will be going. Yes he will have to bear it inmind but rates are more of a long term issue and he should concentrate (as his title suggests) on the Product.

Probably would have been better not making a comment - then again after reading his thoughts he should definately not have made one.

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Can anyone translate this?

Jeremy Claridge, senior mortgage product manager at Coventry Building Society, agrees. “We’ll most probably see another 0.25 per cent rise in November, and then rates will start to fall again next year due to inflationary pressures on the housing market,” he says. “So by next summer we could see fixed rates starting to fall again.”

http://www.whatmortgageonline.co.uk/_10_ye...be_a_gamble.asp

He might mean "inflationary pressures affecting the housing market"? Still doesn't make a huge amount of sense.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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