Interest Rates go up 0.25% to 5.25%
posted by C Mahida on January 11, 2007 | More articles about: Overseas Property News, UK Property
In the last hour the Bank of England has announced that the interest rate has been increased by quarter of a percent to 5.25%.
This was a surprise as many analyists expected the rise later on in the Spring. This will have an impact on homeowners that have borrowed too much and are already stretched.
See the following sources for more detailed reports:
Is the Buy-to-Let Bubble About to Burst? | Overseas Property Investment Blog | Nubricks said,
October 5, 2007 @ 12:31 pm
[…] of England elected to hold interest rates as expected, at 5.75 per cent following five consecutive interest rate increases since August 2007 and finally the first sign that house prices have gone off the boil with figures […]