curcumin side effects

Mortgage Helpline: 0845 1800 290

Interest Rates Held In December

December 9, 2010

The Monetary Policy Committee (MPC) of The Bank of England has announced that it is keeping the base interest rate on hold at 0.5%, and has decided to make no further changes to Quantitive Easing measures for the time being. This comes as no real surprise so close to Christmas, with most industry insiders expecting that interest rates would remain at 0.5% through to the end of 2010.

Commenting, Jonathan Samuels, CEO of Drawbridge Finance, said:

“Ongoing uncertainty around the strength of the recovery, and real fear of a premature rate hike hitting business and consumers hard, is likely to keep rates on hold until at least the summer of 2011.

“Yes, the economy is stronger than it was a year ago but could it remain standing without the prop of a 0.5% base rate?

“For the property market, rates at their current level will act as a glass floor on prices. As seen with the November Halifax house price data, showing a decline of 0.1%, prices appear to have entered a kind of limbo. There are too many conflicting variables to send them in one direction or the other.

“The key time for the property market will come when rates eventually rise. It’s crucial that when rates do rise they go up at a pace that will not give the economy — and consumers — the bends.”

So although this news was expected, it adds some comfort and acts as a nice early Christmas present to many existing homeowners who are currently enjoying record low payments on their variable rate mortgages.

9th Dec 2010

Written by Richard Best

Source :

Your home may be repossessed if you do not keep up repayments on your mortgage.

The information on this website is not intended to promote any specific mortgage product or provide mortgage advice. It is for information purposes only.

90 act as an introducer to Regulated Mortgage Advisers / Mortgage Advice Companies. 90 may receive a payment / commission from the Mortgage Advisers / Mortgage Advice Companies for the introductions we make. Your Rights are not effected by this, and initiating an enquiry via this website will not place you under any obligation.

90 is owned and operated by The Best Advice Network Ltd, Registered in England & Wales, Company number 05170047.

Registered Address : The Best Advice Network Ltd, 44 Parc Bryn Derwen, Llanharan, Pontyclun, CF72 9TU.

Email :