Mortgage holders await interest rate decision
Mortgage holders such as those with mortgages for professionals will find out if the cost of borrowing changes later today when the Bank of England's monetary policy committee (MPC) makes its interest rate announcement.
June's base rate is widely expected to remain at its current record low level of 0.5 per cent.
Various financial experts in the UK have suggested that the cost of borrowing is likely to remain at this level for the rest of 2009 - as it has done since March.
Centre for Economic and Business Research (CEBR) economist Arek Ohanissian said the CEBR has predicted interest rates will be "on hold for quite a while".
"At this point we are estimating that they won't start pushing it up until the first or second quarter of 2010," he added.
Nearly two years ago, the rate of interest stood at 5.75 per cent, but it has gradually been coming down ever since.
Mortgages for professionals provides no obligation mortgage advice to professional clients with high projected earnings from investment bankers, to accountants and solicitors.
June's base rate is widely expected to remain at its current record low level of 0.5 per cent.
Various financial experts in the UK have suggested that the cost of borrowing is likely to remain at this level for the rest of 2009 - as it has done since March.
Centre for Economic and Business Research (CEBR) economist Arek Ohanissian said the CEBR has predicted interest rates will be "on hold for quite a while".
"At this point we are estimating that they won't start pushing it up until the first or second quarter of 2010," he added.
Nearly two years ago, the rate of interest stood at 5.75 per cent, but it has gradually been coming down ever since.
Mortgages for professionals provides no obligation mortgage advice to professional clients with high projected earnings from investment bankers, to accountants and solicitors.
