Bank of England Base Rate Update
Bank of England Base Rate Update
You may be aware that the Bank of England today decided to maintain the Base Rate at 0.5% for the 11th consecutive month. Mortgage rates have also remained stable over the initial 5 weeks of the year with a slight reduction in Fixed Rates, as lenders try and temp clients to fix while rates remain low.
We have seen an increase in higher Loan to Value products with 80% and 85% lending options competitively priced. Further information can be found here – http://news.bbc.co.uk/1/hi/business/8496830.stm