Interest rates but not that interesting
May 8th, 2007 by complex001
The Bank of England has recently increased its base rate to 5.25%. This was a second increase in a very short period of time. The early indications are that the base rate will remain at this level for the foreseeable future or that there may be another one or two increases in the next few months. This is really not good news for anyone currently re-mortgaging or especially for the first time buyers. It will actually be a lot better to wait probably until next year before taking out a new mortgage. Unfortunately I am not the expert and these are only my views and opinions.