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Friday, July 17, 2015

Interest rates to rise at the end of the year

It seems that each new day brings us landlords a fresh woe.

This morning is no different.

Last night, over dinner, Mark Carney decided to bring up the topic of interest rate rises.

The Governor of the Bank of England gave a speech at Lincoln Cathedral that outlined his expected plan to increase rates by around 2% over the course of the next three years, although this will be dependent on any future 'shocks to the economy'.

At which point an unnamed bishop who'd just dropped his pension pot into a pair of two bed rental flats in Birkenhead choked on his stroganoff.

Let's prey for some kind of divine intervention.

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