Bank holds interest rates
If you’re househunting, getting a survey or pinning down a mortgage deal this weekend, then you’ll want to know about the Bank of England’s latest decision on interest rates.
The Bank’s Monetary Policy Committee has kept rates at their record low of 0.5 per cent for another month.
It comes after recent speculation that we could see rates rise more quickly than previously expected.
Last month the Bank of England’s Governor Mark Carney said that there would be eventual increases but they would be gradual and limited before hitting a ‘new normal’ of 2.5 per cent by 2017.
So, when can we expect to see rates rise?
Some experts say the end of this year, while others expect a rise to 1.25 per cent by the end of 2015 or even 3 per cent by the end of 2017.
Either way, interest rates won’t stay at their 300-year record low forever.
If you are moving house or remortgaging and need a survey, we can help. Our friendly team has years of experience and expertise.
We can also help in all aspects of architecture, design, project management and engineering – including our own in-house structural engineer.
Please email [email protected] or call 02392 697193 and we’ll be happy to have a free, informal and no-obligation discussion about your needs.
You can also read more about the Bank of England’s interest rates decision at http://www.bbc.co.uk/news/business-28245709
Have a good weekend, whatever you are up to!
If you’re househunting, getting a survey or pinning down a mortgage deal this weekend, then you’ll want to know about…