Mortgage Queues - Remortgages unlikely

At last the media are reporting what we have known for quite some time - Banks are not lending what little cash surplus they do have, to other bank

Spare cash is kept in house for balance sheet or future lending - LIBOR is now 6% or more and BBR Bank Base Rate is likely to fall

Last night it was publicly acknowledged the days of bundling loans and off loading them to then be able to re lend the money are well and truly over - Banks and Building Societies will for the foreseeable future be lending only their own money, or rather, your money coming in over the counter and what profits they can make

The whole economy, Bank of England Chancellor of the Exchequer, Treasury and Government will want, along with house builders and builders merchants and estate agents and conveyancing solicitors want to keep the housing market moving so remortgages will dry up, all money being used for purchases