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Bank rates maintained at 0.5%

April 9th, 2009 by Karelia | No Comments | Filed in Property Market News

Musings of a London Property Search Agent

The silver lining of the credit crunch / recession/ economic crisis for homeowners, or at least mortgagors has to be the low interest rates we are all enjoying at the moment.  Predictably the Bank of England’s Monetary Policy Committee has voted to maintain interest rates at 0.5% leaving those on tracker and variable rate mortgages quids in.  At least until rates jump again – which many have predicted to be next year.  If you are ready to buy then contact the London property Search Agent

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