New Interest Rate 1% Great for Local House Owners
The Bank of England has reduced interest rates to a record low of 1% from 1.5%. Back in October last year, the Bank of England rate was 5%. Great news for house buyers, especially with tracker mortgages, but of course bad news for savers. Of course this is the 5th interest rate cut in five […]
3.3% Mortgage Is It possible?
We get offers all the the time…. And I have to say that 3.3% would be a good rate, but this is what is called the “Headline” rate, just to “oik you in” as the actor Mark Benton says in those famous Nationwide television ads. Now I have to tell you that you have to […]
Tracker Mortgages are a big help right now
You will be glad to know that things have settled down now and there are some quite good deals out there, certainly since my last posting to this blog about how things were unsettled and it was impossible to tie down the mortgage companies to a deal following the decrease in interest rates by the […]
1% Interest Rates, Yes Please
In America, the Fed has cut its interest rates by half-point to 1 percent, there have also been cuts in China and Norway…..….Now that’s what I’m talking about. I’m not an economist, but is seems daft that the bank of England are taking so long to cut interests rates in this country. At 4.5% with […]
