UK Home Mortages

The Bank of England has lowered the base rate interest to 5%. This means that UK home mortgages will be cheaper for the average home owner. Will this mean that people rush out and get a bigger mortgage? Probaly not! It could be advised however that you go out and refinance your deal in order to take advantage of the cut that has recently been announced.

 A similar thing goes for your loans and credit cards, however with the credit crunch still very much a problem in world markets. However there are signs that this is easing off in the USA and this should spread to the UK soon.

This entry was posted on Thursday, February 14th, 2008 at 4:00 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.