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Bank of England base rate remains at 0.5%

Bank of England base rate remains at 0.5%

Today the Bank of England confirmed that base rate would remain at 0.5%. So, what does this mean for mortgage customers?

“Now is the time to seek independent mortgage advice” – Which? Mortgage Advisers response to the announcement.

David Blake at Which? Mortgage Advisers said:

“It’s good news for people with a mortgage that there hasn’t been a base rate rise today. That said, as many as a third of people are unaware of  the interest rate they’re paying on their mortgage, so many could be unprepared for how an increase would impact their finances.  Now is the time to seek independent mortgage advice if you are concerned.”

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