UK Landlord Forum / Life

The Bank of England's Monetary Policy Committee (MPC) has cut interest rates to 5% from 5.25% to spur the economy in the face of a global credit crunch.

It is the central bank's third cut in interest rates since early December.

Full Article Here

Good news.
Credit has also come down i hear.

Good stuff

Good! 

Regardless of yesterday's cut, already, both the Nationwide and Alliance & Leicester have announced plans to increase rates on their fixed rate deals by as much as 0.32%.

Out of curiosity, does anyone know if their lender is going to lower their variable rate for their existing borrowers?

Quote from: propertyfag on April 10, 2008, 11:12:26 AMThe Bank of England's Monetary Policy Committee (MPC) has cut interest rates to 5% from 5.25% to

Welcome back, V. Great to see you, to see you!