Base Rate remains unchanged at 0.5% - 09.04.2009

Author: Michael Aglony Posted on: 09 April 2009

As expected, the Bank of England have kept Base Rate on hold at 0.5% this month, halting the steady trend of reductions over the last few months. With the MPC’s ammunition more or less spent in this area, all eyes are now on the Bank’s Quantitative Easing programme designed to stimulate the much need liquidity into the market.

As mentioned in numerous blogs and articles over recent days, mortgage rates would appear to have bottomed out and now is the time to act if you are looking for competitive Residential mortgages or Buy to Let mortgages. Our Fixed Rates are proving popular with both homeowners and investors with many borrowers now looking to lock into 2, 3, and 5 year rates before the cost of funds starts to rise over the coming months.

For those of you looking at Commercial Mortgages, there are again some good deals to be done whether you are an investor, developer or are looking for premises for your own business. Despite what you read in the press, Banks are lending and with the cost of funds relatively low, there some very attractive commercial rates available for the right deal.

Never before has it been so important to use a specialist adviser to guide you through the products available. Our consultants are on hand to help with your  finance requirements so please feel free to get in touch – it will not be long before rates are on their way up!

Author: David Whittaker