The Bank of England’s Monetary Policy Committee has held the base rate at 0.5% with no extension to quantitative easing.
Surprise Surprise the Bank of England has decided to hold interests at an all time low of 0.5%. The biggest issue is that Banks are doing what they like anyway with huge increases to lenders standard variable rates in recent months. New mortgage products are more expensive now then last year with many clients being turned away from the traditional high street lenders.
The good news is I have access to over a 100 lenders and we are still managing to obtain some very competitive mortgages.
For more infomration on our range of mortgages please call us on 020 7993 2044 or simply complete the enquiry towards the top right hand side of this page.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines.