Bank of England’s decision to hold interest rates steady impacts on prospective property ownersBank’s rate decision leaves economists gasping for airHomebuyers have been given a few more months to lock into the record low mortgage rates that have helped keep the housing market booming during the pandemic, after the Bank of England held the base rate at 0.1%.Lenders had been repricing their home loans upwards in recent days amid speculation the rate would rise to 0.25%, and many of the cheapest deals have been withdrawn. Continue reading…
Source : theguardian.com
Read more…Homebuyers given extra months to lock into record low mortgage rates
