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Thursday, June 09, 2011

Mortgage rates to stay on hold

Landlords looking at their finances have been carefully watching the money markets and the moves by the Bank of Englands MPC.  It seems that the latest slow down in the UK economy has prompted revisions by economists over the timing of the first rise in Bank Base rates since they hit the floor in March 2009.

Many experts were anticipating a rise by the middle of 2011.

Barclays Capital have joined the club of economists putting their weight behind the first increase not being until the end of 2011.

I'm fully let and all my rental properties are cash positive so long may the slow down continue....what's the rush!

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