No change in cost of borrowing for mortgage holders
Borrowers including those with mortgages for professionals are always keen to know the Bank of England's monthly interest rate decision.
And yesterday they were told for the fourth month in succession that the base rate will remain at 0.5 per cent.
This is a record low when it come to the cost of borrowing and it is expected that the Bank's monetary policy committee (MPC) will freeze rates for the rest of the year and, possibly, beyond.
Before yesterday's MPC announcement, UK economist at Capital Economics Vicky Redwood said the interest rate could remain unchanged for the next year and a half.
Marketing director at property website fish4homes Lisa Walker recently said the low interest rate has been beneficial to homeowners because unlike the early 1990s - when the base rate exceeded 12 per cent - lots of people have not been forced out of their properties.
Mortgages for professionals provides expert mortgage advice and is committed to represent the borrower not the lender on over 30,000 mortgage products for high earning clients.
And yesterday they were told for the fourth month in succession that the base rate will remain at 0.5 per cent.
This is a record low when it come to the cost of borrowing and it is expected that the Bank's monetary policy committee (MPC) will freeze rates for the rest of the year and, possibly, beyond.
Before yesterday's MPC announcement, UK economist at Capital Economics Vicky Redwood said the interest rate could remain unchanged for the next year and a half.
Marketing director at property website fish4homes Lisa Walker recently said the low interest rate has been beneficial to homeowners because unlike the early 1990s - when the base rate exceeded 12 per cent - lots of people have not been forced out of their properties.
Mortgages for professionals provides expert mortgage advice and is committed to represent the borrower not the lender on over 30,000 mortgage products for high earning clients.
