Published 10 May 2012 · Last reviewed 10 May 2012 · Older article — see current rates
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.