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With inflation expected to exceed Government targets by more than 1% well into 2009, the chances of more Base Rate cuts are slim for the foreseeable future, according to John Charcol.
Commenting on the Bank of England's latest Inflation Report, Katie Tucker, technical manager at broker John Charcol, said: "The Bank of England is now in a Catch 22 situation: leave the Base Rate where it is and the mortgage lenders, who are sorely needed to keep the property market healthy, are unable to source cheap enough funds to lend at affordable rates; cut the Base Rate, and inflation rockets.
The July 2008 issue of Your Mortgage will be on sale from 19 June. Get your copy to read our guide to mortgage jargon and find out if an interest-only mortgage is the right option for you. We also examine the facts behind rental hotspots, as well as providing news, information and advice on getting a mortgage and buying a home.
The Your Mortgage Awards aim to reward those lenders that have excelled in providing innovative and competitive products. Widely regarded as the UK's definitive consumer mortgage awards, the Your Mortgage Awards have now been running for 18 years.





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