UK Landlord Forum / Life

The Bank of England has kept interest rates on hold at 0.5%, in a widely expected move following a number of rate cuts in recent months.

Full story from the BBC

I sense the BoE is itching to put them up. Especially as inflation will edge up with the price of oil.

I get the same impression!

I'm not looking forward to when the rates go back up! I need to fix a few mortgages asap! Experts say that rates won't go upf or another year, though! But then again, what do they know?

I've been hearing rumors that interest rates will be staying down for the next couple of years, people are keen (especially those with an interest in it) to say the recession is coming to an end and that house prices are rising but I wouldn't be surprised if they took another drop in the near future...

Either way you may as well bet on the football results rather than economic predictions - at least those have a degree of predictability... 

Tim

Hi, Private payday lenders have high interest rate in comparision to banks however they offer instant loan service.

I was shopping around for mortgages 3 months ago. The Nat west said I should budget on the rate hitting 10%!! Another said to me, nod nod wink wink, our last board meeting we were talking about interest rates hitting 16%!!!! After all, most of us can remember higher than that so why is it regarded as so impossible? Damn good, and also frightening question that one isnt it? He also said they were talking of the way they would cope when the UK grinds to a pathetic halt as nobody can afford to pay!

Payday lenders not always charge high instead of that i will say they are the best friends in bad time some companies provide payday loans instantly with easy terms
no credit check loans

It is really a good decision of Bank. Because it helps to those people who take loan on interest. They will give low interest on bank loan. So they save their money.

I was shopping around for mortgages 3 months ago. The Nat west said I should budget on the rate hitting 10%!! Another said to me, nod nod wink wink, our last board meeting we were talking about interest rates hitting 16%!!!! After all, most of us can remember higher than that so why is it regarded as so impossible? Damn good, and also frightening question that one isnt it? He also said they were talking of the way they would cope when the UK grinds to a pathetic halt as nobody can afford to pay!

I've been hearing rumors that interest rates will be staying down for the next couple of years, people are keen (especially those with an interest in it) to say the recession is coming to an end and that house prices are rising but I wouldn't be surprised if they took another drop in the near future...

I've heard rumors that interest rates will remain until the next couple of years, people have wanted (especially those with an interest in him) say that the recession is ending and that the increase of housing prices but wouldn't be surprised if he took another drop in the near future.