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

RSS

Related News

  • New Rotunda unveiled - property development finance 13.5.2008

    Developer Urban Splash has revealed full details of its new redevelopment of Birmingham's iconic Rotunda<br/><br/>The company which states it is presently investing &#163;1 billion of property development finance in regeneration projects across Britain has turned the cylindrical structure, formerly filled with offices, into a residential development with 234 apartments.

    RSS

  • Enquiry starts into green offices - commercial mortgages 13.5.2008

    In news which may interest those with commercial mortgages, the government has begun an enquiry into ways in which it can ensure commercial premises are made greener.

    RSS

  • Rics in rate cut call - buy to let mortgages 13.5.2008

    The Royal Institution of Chartered Surveyors has called on the Bank of England's monetary policy committee (MPC) to cut interest rates when it next meets.

    RSS

  • Buy to let lending up in March, says CML - buy to let mortgages 13.5.2008

    The amount of money lent in the category that includes buy to let mortgages rose in March, according to new figures from the Council of Mortgage Lenders (CML).

    RSS

Back to main news page
Back to news channels