Mortgage Lending sees growth just as 2011 closed!
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The Bank of England’s Monetary Policy Committee (MPC) yesterday announced that it is keeping the official Bank Rate at 0.5% – the historical low that was first reach in March 2009 – nearly 3 years ago. Amongst lots of speculation as to increased rates during 2011 this never materialised and indeed 2012 is starting off [...]
Overall I think interest rates will likely stay where they are through the year and house prices will just bounce along the bottom as they have done for the past couple of years but it’s still a good time to be a landlord.
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Unsurprisingly the Bank of England decided to maintain the official Bank Rate in December at 0.5%. This continues the historical low of 0.5% since it was lowered to this level on 5th March 2009. With the uncertainty in the global economy and ongoing debates over how the Euro zone and European Union can be rescued, [...]
Since the introduction of TV programmes such as ‘Homes Under the Hammer’ and ‘Property Ladder’ the number of individuals who have ventured into the buy-to-let industry has boomed.
The Bank of England announced today it’s decision by the Monetary Policy Committe, to maintain the official Bank Interest rate at 0.5%. The Bank dropped the rate to this low level back in March 2009 amid the start of the current economic downturn and although under pressure to raise rates due to some strong infaltion [...]
The Bank of England today took the decision to inject a further £75bn into the UK Economy via it’s programme of quantitaive easing (QE). This is in addition to the £200bn it has already pupmed into back in 2009. The Bank was widely expected to take some form of action either this month or next [...]
The Halifax House Price Index (HPI) for August shows a monthly fall of -1.2% and annual change of -2.6%. However the Quarterly change, which can sometimes be seen as more stable, reports a 1.0% increase. This sets the average house price for the UK at £161,743 and is higher than the previous quarter. Although the [...]
As widely expected the Bank of England today announced it would keep interests on hol at the all time low of 0.5%. The Bank’s Monetary Policy Committe (MPC) also decided to keep the same level of quantative easing and not extending it past £200bn. Winners and Losers With interest rates at an all time low, [...]