Bank of England Keeps Base Interest Rate at 0.5% in April 2010

Another month goes by, and thankfully the Bank of England has kept the Base Rate at 0.5% this month.  With the exception of those on Fixed Interest Rate Mortgages, mortgage holders will be pleased to see this snippet of good news when there is so much gloomy talk about the recesssion everywhere you look.  As always,  savers won’t aren’t being rewarded well, but we can’t have it both ways.

The Bank of England Base Rate has now remained at the 0.5% level since 5th March 2009.

There are always some great Mortgage Best Buy Deals out there, so keep a watchful eye on the latest announcements.

Bank of England Interest Rate Still at 0.5% in March 2010

It is over a year now since the Bank of England reduced the Bank Rate to 0.5%, and I am sure all those not on Fixed Interest Rate Mortgages were pleased and relieved to see this rate stay at this level in March this year.  Bad news for savers about low interest rates is always good news for those with mortgages.  Whether you are someone who has gone in for Mortgage Self Certification, or you have had to take out one of the Bad Credit Remortgages, monitoring the actions of the Bank of England always makes sense.

Whatever is happening with the Bank of England Base Rate, it is always worthwhile keeping a watchful eye on the latest Mortgage Best Buy Deals being announced.

The Bank Base Rate has been at the level of 0.5% sicce 5 March 2009.

Bank of England Interest Rate Decision Today, 4th February 2010

It is a huge relief for anyone with a Variable Rate Mortgage or a Tracker Mortgage to see that the Bank of England has once again left the Bank Base Rate at 0.5% this month.

In announcing the decision, the summary on the Bank of England website states ‘In the light of the Committee’s latest Inflation Report projections and in order to keep inflation on track to meet the 2% inflation target over the medium term, the Committee judged that it was appropriate to maintain Bank Rate at 0.5%…’

Of course, those with Fixed Interest Rate Mortgages can sleep easy anyway.

However, it is always worth keeping a keen eye on the Best Buy Mortgages available, as there is always a steady stream of Mortgage Best Buy Deals being announced.

The last change in the Bank Base Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009.

Bank of England Interest Rate Decisions

It is probably true to say anyone with a Variable Rate Mortgage or a Tracker Mortgage will be listening with trepidation every month when the Bank of England announces whether it will be raising the Bank Base Interest Rate, keeping it where it is, or lowering it.   It is only those on a flavour of Fixed Interest Rate Mortgages who don’t need to worry about these decisions affecting their mortgage repayments.

The last change in the Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009, which was great news for mortgage holders.

The next decision comes on 4th February 2010, so I for one will be watching for the announcement with my fingers crossed that there will be no rise in the Bank Base Rate again this coming month.

Welcome to MortgageBestBuy.Org

Most people aspire to owning their own home, so mortgages are a topic which is of interest to many of us.

Taking out a mortgage is a huge financial commitment, and being able to meet the repayments depends not only on limiting your borrowings to an affordable level but also on choosing your mortgage wisely.

Finding the Mortgage Best Buy Deal that is right for you is therefore worth an investment in time, so you understand the types of mortgage available, which ones are most appropriate to your own requirements, and how to research the top Mortgage Best Buy offers available.

We hope this site helps you in your quest for that Best Buy Mortgage which outshines the competition.  However, if you are in any doubt about how to choose your Mortgage Best Buy we do recommend you print off the Best Mortgage Deals you can find and then consult an Independent Financial Advisor.

Fixed Remortgage Rates – To Fix or Not to Fix?

Many people who are remortgaging are faced with the dilemna over whether go for a flavour of Variable or Fixed Remortgage Rates. There are pros and cons to any type of mortgage you may select.

We have outlined some of the considerations on our Fixed Remortgage Rates page on this site.

Mortgage Self Certification – A Thing of the Past?

Loans provided to the Self Employed based on Mortgage Self Certification have all but disappeared.  The Financial Services Authority has also recently issued a discussion paper that proposed banning them.

Our Mortgage Self Certification page on this site talks more about what is happening with these products, and what may happen in the future.

Bad Credit Remortgages Are Available If You Know Where to Look

You may think the prospects could be gloomy if you are looking for Bad Credit Remortgages, but the options are better than you might expect.  Having a Bad Credit Rating may not mean your chances of getting a remortgage are slim, and really depend on your personal circumstances.

Do read our information on Bad Credit Remortgages on this site, and you will then know how to go about finding companies which offers remortgages to those with Bad Credit.