Fresh boost from inflation figures

Interest rates look set to stay at their record low for longer after inflation continued to fall.
Inflation fell to 0.5% in December, which is the lowest since May 2000, according to new figures.
Plummeting oil prices – and the knock-on effect at the petrol pump – has played a large role in the sharp drop as well as such factors as supermarket price wars.
Some commentators believe this means that record low interest rates will be kept on hold by the Bank of England for much longer than previously thought – even into the end of this year and into 2016.
It’s good news for homebuyers, those seeking to re-mortgage and even those seeking to take out loans to fund home improvements or property-related projects.
Bank of England governor Mark Carney has already said that keeping interest rates at their record low of 0.5 % for longer could be a way of mitigating low inflation.
Chancellor George Osborne has also said that low inflation will also help raise real incomes and family budgets stretch a bit further.
At McAndrew Martin we’ve already enjoyed a great start to the new year with demand continuing to increase for our property related services for private, public and commercial clients.
Our expert, experienced and friendly staff offer a comprehensive range of support, including a wide range of surveys, architecture, design, project management, risk assessments and conservation.
As a leading chartered surveyor, we also have our own in-house structural engineer with many years of experience.
You can always contact any of our team for a free no-obligation discussion about how we can help you.
Call 02392 697 193 or email office@mcandrewmartin.com or visit our Team page on this website to contact an individual member of staff directly.
You can also follow us on Twitter @McAndrewMartin, connect with us under our company profile on LinkedIn and like us on Facebook.
Visit http://tinyurl.com/plg34wy for more details about inflation and interest rates.

Interest rates look set to stay at their record low for longer after inflation continued to fall. Inflation fell to…

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