Interest rate decision looms - buy to let mortgages

04 June 2009

The interest rate decision is always of interest to those who have borrowed money, including landlords with buy to let mortgages.

And these individuals will hear the latest verdict of the Bank of England's monetary policy committee (MPC) at noon today.

Many economists believe that there will be no change from the base rate's current level of 0.5 per cent.

Indeed, it is widely anticipated that there will be no difference in the interest rate until 2010.

Earlier this week, the Centre for Economic and Business Research economist Arek Ohanissian suggested that his group foresee the base rate being "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 asserted.

MPC representatives voted to bring the cost of borrowing down to 0.5 per cent in March and it has been frozen at this level for the last two months.

Why not take a look at our best Buy to Let mortgages and make an enquiry online now.