Base rate rise could aid remortgaging.(Bank of England, Alliance & Leicester Building Society)(Brief Article)

Financial Adviser, May, 2005

A higher Bank of England base rate could be good for the remortgaging market, according to a mortgage expert.

Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester Building Society said if the base rate did go up it would dent sentiment in the purchase market, at least in the short term.

He said: "However, mortgage holders will be looking for better refinancing deals, so it could be good for the remortgage market. It could boost the remortgage market further.

"If there is no change in the rate I think that it will underline the positive ...