BANK OF ENGLAND BASE RATE FALLS TO 1.5%
Pubslihed: 12/01/2009
Record Low for Interest Rates
On Thursday 8th January 2009, the Bank of England lowered interest rates to 1.5%, the lowest level in the banks 314-year history. This will again bring mixed fortunes for borrowers and savers. Savings rates at most high street institutions have fallen to negligible levels, whilst the majority of borrowers on tracker / SVR mortgages will have seen a decrease in their repayments.
Please do not hesitate to contact us if you would like to re-assess your mortgage needs or discuss ways to provide a decent return on your capital.
