Mortgage Best Buy Deals

Mortgage Interest Rates Stay Low as Bank of England Keep Base Rate at 0.5%

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.

Low Mortgage Interest Rates Continue – Check Mortgage Best Buys to Reep the Benefit

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 Maintains Base Rate at 0.5% Again This Month – Good News for Mortgage Interest Rates

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 Rates Keep Mortgage Interest Rates Low

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.