Archive for the 'Mortgages' Category

The Bank of England voted today to keep its interest rate fixed at 4.5%. It has been held constant at 4.5% for 9 months now. The decision was generally expected with little to suggest a move in either direction.

However, with the property market improving, manufacturing seeing an improvement, and energy prices putting pressure on inflation levels, some are predicting an increase before too long – so the interest rate on fixed rate mortgages may start to increase soon.

Earlier this morning, the Monetary Policy Committee (MPC) of the Bank of England decided to keep the UK interest rate at 4.5%. The rate has been at 4.5% for last eight months now.

With the majority of the nine members voting for no change in the interest rate for some months now, it is widely expected that it will be sometime before a change is made. Whether the change is up or down though is one for debate. Various factors make it unclear whether an upwards or downwards movement can be expected.

This post marks the start of a new era in House Buying Guide’s life. HBG will now keep you up to date with property news through the use of this blog, which will regularly be updated with latest events in property. To coincide with the blog, the design of HBG has been updated, to create a slightly smoother design. Now readers can give feedback and comments to articles on the site, through the use of the comments system – so please do let us (and your fellow readers) know what you think.