Skip to Content

0845 345 6788

Bank holds base rate - buy to let mortgages

Published: 8.5.2008

The Bank of England''s monetary policy committee (MPC) has announced it is holding the base rate at five per cent today.

It was a decision which had been widely expected by analysts, with just five out of 65 interviewed by Reuters tipping a cut and all nine polled by Adfero expecting no change.

However, the Reuters poll also found that 40 of the 65 believed there will be a June reduction in the base rate to 4.75 per cent.

This could mean the possibility of a fall in the cost of Buy to Let Mortgages emerging next month.

In its announcement, the MPC mentioned that the Bank of England''s quarterly inflation survey will be published on May 14th.

This may shed more light on the possible influences on today''s vote ahead of the publication of the minutes of the meeting a week later.

ADNFCR-8000059-ID-18584929-ADNFCR

Mortgages for Business - market leading Buy to Let mortgages and Commercial mortgages. Enquire online now!

Actions

Bookmark this article

Del.icio.us

Digg

Reddit

Spurl

Furl

Magnolia

Yahoo

Make an Enquiry Now

Related News

Energy efficiency could influence ''tenant turnover'' - buy to let mortgages 18.7.2008

Properties that are energy efficient may mean tenants will be less likely to leave after a short period of time, it has been claimed.
Blackpool Gateway unveiled - property development finance 18.7.2008

The plans for a major new project involving property development finances in the north of England have been officially unveiled.
Empty rates legislation is "significant" - commercial mortgages 18.7.2008

The recently introduced 'empty rates' legislation is "significant" for property investors and people with commercial mortgages, it has been suggested.
Calls for building regulations to change - buy to let mortgages 18.7.2008

Calls have been made to see regulations relating to property development and use to be changed in the interest of the environment.

Back to main news page
Back to news channels

ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

© 2006 Mortgages For Business. All rights reserved.

Designed and developed by Designed and developed by red ant design

Designed and developed by red ant design