This entry was posted on Friday, September 7th, 2007 at 8:31 am and is filed under Property news. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
UK Property Market
independent property advice
Interest rates up to 5.75 per cent
After a new rise by the Bank of England, interest rates reached the highest base rate over the last 6 years. Although widely predicted and expected by industry professionals, the recent 0.25 percentage increase, the fifth approved by the Bank of England since August 2006, caused divergence of opinions among experts across the nation.
According to some industry representatives, this rise is likely to bring a home price crash to an already suffering market. First-time buyers especially will face a challenge when borrowing, while monthly payments are likely to see a big rise when households come to the end of fixed-rate deals. Other real estate analysts, however, believe that the market will tighten after this rise, without any damage to its stability.
This article was written by Daniella Fowler, she is also a author on Comedy hogwash . Daniella is a noted specialist on the topic of pet insurance. Read her online journal here.
- Interest Rates Go Up By 0.25 Percent
- 99.6% Drop in Asking Prices Growth in May
- Home Prices Up in April
- Landlords Charge Higher Rents after Interest Rates Increase
- Home Price Growth Down to 0.6% in May