Indeed, if interest rates are altered then it is logical that this alteration filters through the system.
However, the Bank of England rate increase was only 0.25% not the 5% or 6.7% inflicted by Fergus Wilson.
Also, Fergus Wilson introduced his rate increase only one hour after the Bank of England announcement. Mortgage lenders have also been quick, but perhaps not as quick as Fergus, https://www.ft.com/content/4863bcae-9668-11e8-b67b-b8205561c3fe.
Surely, notice should be given.
I agree it is more than timely that rent control needs to be reintroduced to counter ‘rouge landlords, like Fergus.