Waiting on Washington: What the Midterms Mean for Your Mortgage

Bank Rate is up to 4%, but oil prices are falling, swap rates are easing and markets are betting on a deal with Iran after the US midterms. Tom Bill is joined by economist Damian Pudner, co-founder of the Great British Think Tank, to discuss why the Bank of England should have held, what he heard in the Middle East last week, why he expects an early general election in May, his alternative Budget, and how borrowers should weigh all of this up when choosing a mortgage. Damian’s comments on trackers and fixed-rate mortgages are his personal views, offered as general discussion and are not investment or mortgage advice.