Kevin
The Bank of England monetary policy committee has voted to keep base rate at a record-low 0.5 per cent for the 38th consecutive month and will keep its programme of quantitative easing at £325bn.
Base rate was cut to 0.5 per cent in March 2009, on the same day the Bank of England initiated a programme of Quantitative Easing (QE) worth £75bn.
From our first meeting, I felt that Louise was ‘on my side’ and explained everything in great detail. The procedure was carried out very efficiently, with Louise taking the time to come to Chandlers Ford to see me. I feel perfectly comfortable in recommending Louise’s expertise to anyone who may be looking into mortgages etc.
The Bank of England’s monetary policy committee has voted to keep base rate the same at a record-low 0.5 per cent. This will be for the 37th consecutive month
Quantitative easing to stay at £325bn
Home insurance Gutted by fire
Almost two million people in the UK have no home insurance.
Contrary to what many householders believe, it means even if damage is caused by someone else, they could lose everything.
The BBC’s Paul Lewis from Radio 4′s Money Box reports on the loss suffered by villager Violet Grainger, when her neighbour’s chimney caught fire.
Clydesdale and Yorkshire Banks have announced that they are to increase their Standard Variable Rate for their residential mortgage customers.
With effect from May 1 2012, the banks’ SVR will move from 4.59% to 4.95% – the change will affect 30,000 of its existing mortgage customers. If your one of these and would like to see if there is a more competitive product available, then give us a call on 01489 580020
The change will mean an average increase in repayments of less than £30 per month, but at this current time £30 per month is a lot of money.
Until July 31 2012, there standard mortgage exit administration fees will be waived for impacted customers wishing to re-mortgage to another provider.
For a free no obligation review, email us at info@parkgate.net or call us on 01489 580020
The Bank of Ireland has increased its Standard Variable Rate from 2.99% to 4.49%.
Bank of Ireland customers have been notified of its intention to increase the SVR on its UK residential mortgage book. The hike in SVR will affect around 100,000 borrowers. The change will be implemented in two stages.
From June 2012 the SVR will increase by 1% from 2.99% to 3.99%.
This will be followed by a further 0.5% increase in September 2012 from 3.99% to 4.49%.
This is the first SVR increase the Bank of Ireland has made to its UK residential mortgage book since August 2007.
If you hold a Bank of Ireland mortgage and are worried about what impact this could have on your mortgage, why not give us a call and see if we can save you money by remortgaging to another lender offering more competitive rates?
Call 01489 580020, enquire NOW or email us at info@parkgate.net
The BOE monetary policy committee (MPC) have today decided to keep base rate at 0.5 per cent for the 36th month running and advised that there will be no increase in the size of quantitative easing, which currently stands at £325bn.
All nine MPC members voted to keep base rate at 0.5 per cent last month.
As an aggressive professional property investor both in the UK and the Channel Islands, I have a substantial residential and commercial portfolio, and as such I need a no nonsense turnkey approach from my advisors. The mortgage market is changing daily I need to be sure that I can trust the advice I receive is up the minute. I also need a firm that can take a deal through to completion no matter what complications are encountered along the way. Tim and his team at park gate are my first choice and I’m confident they should be yours too.
Whiteley Shoppong Centre – Designed by architect Corstophine and Wright, Whiteley Shopping Centre will serve a large and affluent catchment of 1.2 million people with an estimated £3.1 billion of potential spend. The catchment is set to expand further in the foreseeable future with 3,000 new homes at North Whiteley
The development will allow the transformation of the existing scheme into a significant shopping centre destination, featuring contemporary shop units with double height glazing and oak panels centred around a new town square. Situated between the two harbour cities of Portsmouth and Southampton, and adjacent to an existing Tesco supermarket, the scheme benefits from excellent accessibility via Junction 9 of the M27.
Main construction work is scheduled to begin on site in early 2012 and completion is projected for spring 2013.
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £50 billion to a total of £325 billion.
In a November’s Mortgage magazine over half of mortgage advisers polled said they expected the base rate to stay at 0.5% until 2014 or longer as the global economic outlook darkens, while 34% said they expect an increase in 2013.
Last month the Centre for Economics and Business Research (CEBR) predicted interest rates to stay at 0.5% until 2016. Its other forecasts included inflation falling to 1.7% by Q4 and to remain around 2% thereafter, and for quantitative easing to increase to a total of £400bn over 2012.
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