- Hits: 1123
The Bank of England Monetary Policy Committee has voted (8 to 1 - first time it has been split since the end of 2014) to keep the base rate at the record-low of 0.5% for the 77th consecutive month.
Interest rates first went down in March 2009 and this action has benefitted many first time buyers and homeowners since the drop.
It's no secret Govenor Mark Carney wants to slowly put up the rate and understandly so as it had been a hard fought few years for savers. Speculation as to when rates will rise has been rife ever since rates were first reduced however, we feel we see an increase within the next 6-8 months.
- Hits: 1318
Hello and welcome to Lyttons Estate Agents property blog.
We aim to keep our readers up to date with the goings on within the property world. Any inews that might directly affect those who live within our remit of north London will also be posted here and on our social media channels; Twitter, Facebook and LinkedIn.
That's all for now.