lettings appletons on 06 Sep 2007 03:57 pm
Interest rates unchanged at 5.75%
The Bank of England has kept the base interest rates at 5.75 today.
Amid the recent financial problems due to the U.S. mortgage issues, the Bank has recently intervened in the marketplace and today’s news was expected.
Unlike the predictions of the base rate going up to 6% by the end of the year, some analysts are now expecting the rates to be kept at the same level and some even argue that they should be reduced.
Either case, this should be good news for the investment property landlords.
